Word: wal
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Dates: during 2000-2009
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Deserted by her boyfriend in a Wal-Mart parking lot, the pregnant Novalee Nation (Natalie Portman) takes up residence in the store, where she has her baby. In short order she makes friends (Stockard Channing, Ashley Judd), gets a life (as a photographer) and meets a decent chap (James Frain) she slowly learns to love. To say that Heart is a fable of feminist empowerment is to understate a very sentimental case. But the film is well played, particularly by Portman and Judd (who can't stop having babies), and you may find yourself, against all common sense, surrendering...
...just the hot start-ups that have had accounting issues. According to a recent study by Bear, Stearns, mainstays like Wal-Mart and Continental Airlines are among 32 companies that have restated their financial results since the Securities and Exchange Commission issued a clarification in December of the rules on recognizing revenues. For accounting firms, the choices are difficult. Challenge the client's bookkeeping, which Saylor insists was conservative, and you may end up without a client; fail to do so, and you face angry shareholders and their lawyers after the books are put right. PricewaterhouseCoopers, MicroStrategy's auditor...
...brand battle. Manufacturers still have to rely on retailers, which have gained the upper hand in the past few years as they've consolidated. "There's been a clear shift in loyalty from the manufacturer to the retailer," says Burt Flickinger III, managing director of Reach Marketing. Giants like Wal-Mart, Target and Kroger now largely dictate the terms. At the same time, they've devoted more resources to popular in-house store brands, which now account for 20% of sales. Wal-Mart chairman David Glass, a national brand fan, faults manufacturers who have "quit delivering as much value...
...week's end McCain was looking ahead to the next contest. Leaning back on the $1.95 plastic chair he had bought at Wal-Mart, the grillmaster mused about returning to his Cottonwood sanctuary...
...Such is retail in modern America: first B. Altman, then Gimbels and now the legendary Bonwit's. Despite a slight uptick in business caused by the current economic boom, the one-stop-shop department store has seen its business stolen by two phenomenons: the discount store (Wal-Mart, et al.) and "category killers" (Bed Bath and Beyond, Home Depot). "Bonwit's has the same story of many of the great old department stores," says TIME business editor Bill Saporito. "Once the original family sold it, it fell into financial mismanagement. But at the same time there's just no market...