Word: wal-mart
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...patient. And then there's the flurry of panic as many of the tomatoes that American consumers take for granted every day suddenly disappear - from McDonald's hamburgers; from the salsa at Chipotle Mexican Grill; from Burger King, Taco Bell and Sonic; and from the grocery shelves at Kroger, Wal-Mart and Target. Didn't we just go through this with bagged spinach? With peanut butter? With pet food...
...look in the consumer electronic space we are the largest, Wal-mart is second and I believe Circuit City is third. So we are watching with great interest Blockbuster's action. We've got a point of view of what we are trying to do for the consumer and we've got to try to do that better whether Circuit is sold or not. So there is not a lot we can do about that, but it is a big force in our industry...
...Boeing for their part in the manufacture of nuclear weapons. The remaining firms put the fund at risk of contributing to serious breaches of human rights, or severe environmental damage. Citing "systematic" violations of human and labor rights in its business and its supplier chain, the Ministry excluded Wal-Mart from the fund in May 2006. (The retailer said the claims were based on inaccurate and outdated information.) Such exclusions are "in one sense, an admission of defeat of the corporate governance effort," says Slyngstad. "When you're no longer an owner, you no longer have influence...
...Western multinationals have been trying for years, with mixed success, to stamp out such scenes. In the 1990s, a series of scandals showed the damage that could be wrought if a brand was linked to shoddy labor practices overseas. For example, in 1996, it was alleged that a Wal-Mart clothes label endorsed by American TV personality Kathie Lee Gifford had been produced using child labor in Honduran sweatshops. Gifford sobbed on air, saying she hadn't been aware of conditions at the factory. For corporations and consumers alike, it brought home the realization that globalized production comes...
...rapid rise. Ship owners much prefer full vessels to empty ones. Savannah has been a raw-material exporter since the days of King Cotton, and its big challenge used to be finding enough imports to fill incoming ships. Port officials solved that by persuading the likes of Wal-Mart, Home Depot and Ikea to take advantage of ample vacant land near the port (something you don't find in New York or L.A.) to build distribution centers where they could unload merchandise from overseas and ship it to stores in the U.S. Now the question is, What else can Savannah...