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Instead of trying to be all things to all retailers, Springs is focusing on core customers. Bowles says eight of them--including Wal-Mart, Kmart/ Sears and Target--account for about 80% of sales. That could be a risky strategy, since more retailers go directly to overseas suppliers for their store-label goods. Springs increasingly finds itself competing with its customers. Bowles is depending on good service, quick turnaround and brand power to stay in the game...
...DIED. JOHN WALTON, 58, entrepreneurial billionaire son of Wal-Mart founder Sam Walton; after the home-built plane he was piloting crashed in Wyoming's Grand Teton National Park. Reluctant to work for the family business, the decorated Vietnam veteran launched successful ventures in sailboat building and crop-dusting, and was a pivotal board member of the Waltons' philanthropic foundation, which notably set up a fund to send underprivileged children to private schools...
DIED. JOHN WALTON, 58, entrepreneurial billionaire son of Wal-Mart founder Sam Walton; after the tiny, home-built plane he was piloting crashed in Wyoming's Grand Teton National Park. Reluctant to work for the family business, the decorated Vietnam vet launched successful ventures in sailboat building and crop dusting and was a pivotal board member of the Waltons' philanthropic foundation...
Over the next year, Marwan says, he participated in dozens of assaults on U.S. troops who were struggling to subdue the city. Marwan says he became expert with machine guns, a skill that brought him to the attention of al-Zarqawi's group, then called Attawhid wal Jihad. Marwan's piety apparently impressed the foreign-led jihadis as well: in April 2004 he was approached by Attawhid's spiritual guide, Palestinian-born Abu Anas al-Shami. Marwan says al-Shami, reputed to be a powerful orator and motivator, had a deep impact on him. (Al-Shami was killed...
...American retailing, it pays to be either chic or cheap. Upscale stores like Bloomingdale's are thriving, and discounters like Wal-Mart do well. The middle of the market, though, is a difficult place to set up shop...