downturn

Retailers Need Converts Not New Customers

During this downturn, Wal-mart and other bargain-hunter satisfying retailers have profited while others have struggled. While high-end retailers are seeing their numbers plummet, Wal-mart is experiencing significant growth. The question is whether this growth is sustainable. When the bad times are over will Wal-mart and other retailers like them be able to keep the new [...]

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Layoffs, layoffs, and more layoffs

This was another lovely headline to wake up to:  ADP index shows private-sector jobs fell by 697,000 in Feb. I hope America’s senior managers will read Geoff Colvin’s forthcoming book, THE UPSIDE OF THE DOWNTURN, and learn the danger of rushing into mass layoffs as a first resort. There are smarter ways to cut costs [...]

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