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Board-Room Ties Could Have Helped Create AT&T and Starbucks Wi-Fi Deal

Fri, 25 Apr 2008 20:38:55 GMT

(NewsVisual, powered by IntellectSpace) -- In a strategic partnership deal that could have been propelled forwarded by personal connections among the two companies’ board members, AT&T Inc (NYSE:T) and Starbucks Corp (NASDAQ:SBUX) announced on Friday that[More...]

John Mackey and Whole Foods: Finally Giving the Whole Story - Jul 23 2007 11:28AM

Mon, 23 Jul 2007 15:23:27 GMT

Lesson #1 in business career management: Don't say or do anything that you wouldn't be comfortable having plastered on the Front Page of the Wall Street Journal. Now this might seem like a pretty rigid guidepost, but at least it forces thinking about the consequences of one's actions and its possible impact on your reputation and that of your employer. Imposes pretty good discipline, I'd say. This includes things you say to others both inside and outside your company and all forms of written communication, including emails and, say, postings on blogs and message boards. And if you happen the CEO of a public company, the stakes are that much higher because of heightened reputational risk as well as rules like Regulation FD. Now, my lesson should be second nature to all CEOs, as it has probably been repeated to them 1000 times by their General Counsel, Head of Comp[More...]

Retail sales dip a bit: The November slide comes after two months of sales gains and shows just how fragile the economy is.

Fri, 04 Dec 2009 10:04:00 GMT

Dec. 4--Consumers continued to keep a wary watch over their wallets in November, as Black Friday crowds weren't enough to pull the nation's stores out of their doldrums.
Retail sales fell 0.3 percent last month, according to data released Thursday by the International Council of Shopping Centers (ICSC), creating doubts that merchants will be able to escape profit-eating discounts for the holidays.
The disappointing national results reverse two consecutive months of gains and provide more evidence of how fragile the economy remains despite early signs of a recovery.

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Cost-cutting helps Belk profit

Fri, 04 Dec 2009 09:49:00 GMT

Dec. 4--The economy still may not be booming and consumers remain reluctant to spend -- but better preparedness for those realities helped Belk Inc. report a $400,000 profit for the three months ending Oct. 31.
"We're encouraged by an improvement in our sales trends and are pleased that we were able to deliver a profitable quarter and maintain our strong cash position," chairman and CEO Tim Belk said in a statement.
"We believe that the operating environment has stabilized, and merchandise margins have improved."

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Hanover mall nearing default: Owner has stopped paying $87.5M loan

Fri, 04 Dec 2009 08:04:00 GMT

Dec. 4--The Hanover Mall is close to defaulting on an $87.5 million loan after the 38-year-old property's performance declined in the past year, according to a credit rating agency.
The Chicago private equity firm, which bought the 705,943-square-foot mall for $99.4 million in 2007, declined comment.
Rental revenues at the mall, which is anchored by Sears, Wal-Mart, Macy's and JCPenney, have dropped 22 percent since the loan was issued, according to Fitch.

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Long lines greet early risers: Shoppers give Black Friday mixed reviews

Sat, 28 Nov 2009 21:58:00 GMT

Nov. 28--WILKES-BARRE TWP. -- Thousands of shoppers converged on shopping malls, big-box stores and traditional department stores Friday morning -- or in the case of some, Thursday afternoon -- to try to bag a bargain.
"This was a mistake," was all Maurice DePalma of Pittston could say as he walked out of the Toys R Us store on Kidder Street at about 3 a.m. Friday.
But when he saw the line, which snaked in and out of aisles all the way to the back of the massive sales floor, and heard there was a two-hour wait time to get to a cashier, he didn't bother shopping.

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Black Friday: 4 a.m. shoppers get the deals

Sat, 28 Nov 2009 19:58:00 GMT

Nov. 28--CAPITOLA -- Terri Garden, 37, of Santa Cruz, got up at 3 a.m. so she could be the first inside when Kohl's department store opened on Black Friday, the day after Thanksgiving.
Kohl's manager Colin Johnstone opened the door promptly at 4 a.m., greeting customers with a hearty "Good morning -- It is morning."
The shopping carts at the entrance disappeared quickly and he promised to get more.

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St. Petersburg Times, Fla., Mark Albright column: Throngs of people face cold, long lines for Black Friday deals

Fri, 27 Nov 2009 17:01:00 GMT

Nov. 27--Bundled in a blanket and shivering in the 4 a.m. chill, Kimberly Grimes pondered whether it had been worth spending all night in line to be among the first 100 holiday bargain hunters at Best Buy.
"Right now I'm just cold and tired."
Across the street at Sears, Kiwanis Baines, a Jamerson Elementary School teacher, didn't hesitate.

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Ready, set, SHOP! Early birds hope to snare bargains

Fri, 27 Nov 2009 15:00:00 GMT

Nov. 27--MERCER COUNTY -- Those willing to arise before the crack of dawn today will be greeted by retailers with everything from free coffee to snow globe giveaways to help stir Black Friday sales.
On certain items it's already too late, said Rocky Latorre, manager of JC Penney's Shenango Valley Mall store.
"I had customers who saw something they liked and decided to wait a few weeks'' Latorre said.

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Black Friday lights up night

Fri, 27 Nov 2009 14:07:00 GMT

Nov. 27--The shopping madness is already well under way at stores across the Tulsa area.
Black Friday, the adage given to the day-after-Thanksgiving shopping holiday, began early Friday when Toys R Us opened its doors at midnight.
Old Navy let shoppers set sail at 3 a.m., and some other stores followed suit at 4 a.m. Many national chain stores were to open by 7 a.m.

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Detroit Free Press Georgea Kovanis column: Black Friday shopping hours

Fri, 27 Nov 2009 14:07:00 GMT

The Mall at Partridge Creek, Clinton Township
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http://content.yellowbrix.com/images/content/cimage.nsp?ctype=executive_summary&story_id=138314078&id=wallstreettools

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How he rescued Boscov's: Al Boscov's work and goodwill saved the stores that bear the family name.

Fri, 27 Nov 2009 13:13:00 GMT

Nov. 27--If the cynics had been right a year ago, no one would be heading to Boscov's today for a box of Godiva chocolates, a Snuggie, a Holiday Barbie, or anything at all.
"I can dance, I can sing," Boscov joked later in a Manhattan elevator, tap-dancing in a charcoal suit to an absurd ditty about saving the company.
One year ago this week, a federal bankruptcy judge gave Boscov and a group of investors, including his family and several counties and towns in Pennsylvania and South Jersey, the go-ahead to buy the chain out of Chapter 11 in a deal valued at more than $300 million.

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