Word: wal
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Dates: during 2000-2009
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Things were not looking good for R.G. Barry Corp., and that was before the plant manager was taken hostage. The $125 million company in Pickerington, Ohio, has been making Dearfoams slippers--sold mostly in department stores like J.C. Penney, Sears and Wal-Mart--since 1947. With the son of a founder presiding as chairman for 40 years, the company peaked in the mid-'90s with sales of $150 million and its stock price at $25. By mid-2003, Barry had lost $20 million, sales were plummeting, its stock was at $2.08, and it was in default on a $10 million...
...even on an operating basis and began 2005 with zero debt, having paid off the loan from CIT. By December, the company's stock was listed on the American Stock Exchange. Using exclusively Chinese manufacturing, Barry raised profit margins and completed the turnaround without losing core customers--most important, Wal-Mart. In 2005, the company made $8 million. By the time Von Lehman left in May 2006, the stock was trading in the $6.50-$7 range, up from its low of $1.40 in early 2004. In its latest quarter, sales increased 12%, as a revamped line of products has gained...
...Among their many challenges is the one symbolized by the members of the public who were at the event - or, rather, who were outside the Hilton Hotel in midtown Manhattan. Scores of members of the group Wake Up Wal-Mart were protesting the meeting, accusing the company of being part of the country's health care problem, rather than the solution...
...Representatives of big business at the gathering included executives from General Mills, Qwest and, most notably Wal-Mart, which has become for some a symbol of the failure of American corporations to provide robust and affordable insurance to its employees. Major companies in the United States employ many of the nation's more than 40 million uninsured. There for big labor was Andy Stern, the president of the Service Employees International Union, a long-time champion of health care reform who has been criticized by some on the left for working in coalition with Wal-Mart CEO Lee Scott...
...into Europe's second largest retailer in little more than a decade. Today H&M has 1,400 stores in 28 countries, including 114 in the U.S.; there it is still a small player, but its $687 million in sales last year has retailers such as Banana Republic, Wal-Mart and Abercrombie & Fitch all launching fast-fashion initiatives...