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...Islamic-studies professor is Lashkar-e-Taiba's main ideologue. Born in 1947 during his family's flight from northern India during Partition, Saeed memorized the Koran as a boy. He fought briefly in the Afghan jihad against the U.S.S.R. and in 1986 founded the Markaz Ad-Da'wah Wal Irshad, a religious education and proselytizing organization. Lashkar spun off two years later, attracting veterans of the Afghan war. It has taken responsibility for many hit-and-run operations in Indian-held Kashmir but says it never targets civilians. Nevertheless, two civilians and one soldier died in its December...
...Chapter 11 filing would allow the company to walk away more easily from the leases of underperforming stores and warehouses and move ahead with construction of new facilities in more promising locations. Hood believes that's the only way K Mart can even begin to compete with No. 1 Wal-Mart, which amid the recession is gaining share, embarking on a record expansion and even considering a move into banking...
...Mart is a struggling firm caught between two pricing strategies while trying to solve a complicated supply-chain problem--and hold off Wal-Mart. And you think your company has problems? During the critical Christmas season, Wal-Mart increased sales by an estimated 6%; K Mart will probably report a 2% decrease...
...Pick the wrong products or suffer a supplier hiccup, and you are suddenly up to your ears in toasters and out of detergent. Despite improvements, K Mart is able to keep its goods fully stocked on shelves only 86% of the time. Anything less than 90% is considered unacceptable. Wal-Mart runs close to 100%. Wal-Mart and others have emphasized "everyday low price" selling, which is more predictable for both customers and the distribution pipeline...
...They were confident that the recovery was going to start late last summer, until it didn't. Suddenly consumer confidence is supposed to presage the quick recovery we've been waiting for all year? (And if they're so confident, why did they all buy their Christmas presents at Wal-Mart...