Word: year
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Dates: during 2000-2009
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...discounting can only go so far before it no longer makes financial sense. For this reason, promotions and price discounts will likely be strategically planned, not panic-driven as they were last year, says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail consulting and investment firm...
...over price to see who blinks first, says AlixPartners' Eshelman. But with inventories significantly lower, the desperate markdowns may never happen. "Retailers are focused much more on profitability than on sales growth," he says. "So I think retailers have a better chance of winning that game of chicken this year than in years past...
...which have names like Mr. Squiggles, Pipsqueak and Num Nums, scoot around and coo like real pets. Kids can add accessories like a car, a skateboard and a wheel to their own little hamster world - without the inevitable mess or traumatic death. "This is the hottest toy of the year," says Gerald Storch, chairman and CEO of Toys "R" Us. "There's absolutely no doubt about...
...television show or movie providing free promotion for the brand. Nor do they have access to the cash that one of the big toy companies, like Mattel or Hasbro, can provide. The Zhu Zhu Pets are a small-business success story. The toys are made by Cepia, a seven-year-old St. Louis, Mo., company with only 16 employees. "It's fascinating, as you talk to executives from other toy companies," says Storch. "They are thumping themselves on the side of the head, wondering, 'How did I miss this...
...area, which now gives the company four facilities. Not that the supply shortages necessarily hurt the brand. "Zhu Zhu Pets have crossed that tipping point, where scarcity is part of the appeal of the product," says McGowan, who predicts the pets will rack up $70 million in sales by year's end. "Getting it gives you some extra social standing. 'Yeah, I got my hamsters. I worked the system. I know...