Word: wal
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Dates: during 2000-2009
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These are the humble makings of a revolution in progress: Macaroni and cheese. Timex watches. Volunteer work. Insulated underwear. Savings accounts. Roseanne. Domestic beer. Local activism. Sleds. Pajamas. Sentimental movies. Primary colors. Mixed-breed dogs. Bicycles. Cloth diapers. Shopping at Wal- Mart. Small-town ways. Iceberg lettuce. Family reunions. Board games. Hang- it-yourself wallpaper. Push-it-yourself lawn mowers. Silly Putty...
...with a videocam in the rear end and a monitor at the driver's seat. On the open highway a bus handles as easily as a big, expensive car. At the end of the day, bus people often turn into an empty mall parking lot to camp. Wide-open Wal-Mart lots are a favorite resting place...
...usual schmoozing, the event boasts a unique feature: Like a high school Christmas party, entertainment is provided in the form of skits spoofing the year's top films. Actors such as Kevin Spacey, Ben Affleck, Matt Damon and Jude Law regularly show up and don cheesy wigs and Wal-Mart dresses to perform mini-sketches. There are usually a slew of inside references to the Weinstein brothers, who created and run Miramax. Last year I observed Michael Eisner (chairman of Miramax parent company Disney) watching the proceedings with all the intensity of an attendee at the Oberammergau passion play...
...Wal-Mart sat the dot-com boom out. The world's largest retailer didn't set up an e-tailing arm when everybody else did, instead applying New Economy technologies to its internal inventory/supply/ordering chains. It worked, and while the dot-coms dropped like flies, Wal-Mart had no massive investment to lose. (Its late entry, Walmart.com, was relaunched in November 2000 and isn't doing so well...
...Amazon, whose stock popped Monday on the news, would get a big business partner with unparalleled reach who knows a thing or two about selling goods cheaply and still turning a profit - as well as a built-in "bricks" component to their business on somebody else's dime. Wal-Mart, meanwhile, would appear to be interested in kicking their in-house efficiencies up a notch, perhaps adding an Internet component to an inventory system that is still largely self-contained and based on electronics...