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Jun30
Mickey Drexler Transforms J. Crew
CEO Drexler took over in 2003 and has made J. Crew Inc.,(JCG) who had lost its fashion and financial footing in 1997, one of the hottest  fashion chains today.

Read the whole article at MSN Money Central.

Know More about fashion at TheRunwayScoop.com.
Jun27
7-11 This Ain't!
The modern convenience store is about to see a change if a Japanese company, Family Mart, has anything to say about it. Their upscale convenience/quick-service restaurant/premium grocery store named Famima targets customers between 21 and 44 years of age who make... Continue Reading
Does Sex Sell T-Shirts?
Dov Charney, founder of American Apparel, one of the edgiest U.S. clothing retailers thinks so. "Sex is good. Business is good. I don't see why I should be ashamed," he says. And if he didn't seem so earnest, it would... Continue Reading
Jun23
FCC Drops Plans To Vote On Extra Digital Channels
He just couldn't muster the votes. Federal Communications Commission Chairman Kevin J. Martin dropped his plans to vote on whether to require cable companies to carry extra digital channels produced by TV broadcasters. Last week he placed the issue on... Continue Reading
July 1 Deadline to Lock In College Loan Rates!
College tuition, books, housing--you name it college is expensive and those costs keep going up. Now the cost of borrowing to pay for your higher education is about to go up too. About 8 million people borrowed $60 million this... Continue Reading
What's Next? Commercial Breaks In Our Dreams?
ABC television hit the Internet with a two-month experiment into streaming shows. The numbers, according to this WashingtonPost.com article. have ABC's parent company, Walt Disney Co., encouraged that viewers are willing to watch advertising online in exchange for free programming.... Continue Reading
Jun22
After 35 Years Southwest Will Test Assigned Seating
The core strategy of not having assigned seating set the budget carrier apart form all other airlines but will now begin assigned seating trials, according to this WashingtonPost.com article. Complaints from passengers, especially business travelers, led to the test on... Continue Reading
Hearings Open Today on Runway Crash That Killed a 6-yr old Boy
Before attempting a landing at Chicago's Midway International Airport, pilots considered diverting to another airport but they pressed ahead and were unable to stop the Boeing 737 after touching down. According to this WashintonPost. com article the plane crashed through... Continue Reading
Target Is Chic!
Target Corp. (TGT), long associated with chic and dubbed with a French pronunciation, has decided to market it's bull's-eye logo and sell a new line of high-end clothing called Target Couture. These trendy pieces will not be sold in Target... Continue Reading
Jun20
Nokia and Siemens AG Agree to Merge Equipment Divisions
This move will merge these two companies into one jointly owned company, taking a step toward offering a wider array of telecommunications equipment that spans fixed-line and wireless. They have challenges to face in fixing Siemen's operations, which are struggling... Continue Reading
There's Pure Gold in That Coin!
Investors have had a desire for pure gold and now their American supplier, the U.S. Mint plans to unveil the nation's first 24-karat gold coin at its West Point, N.Y. facility. The coin is modeled on the tradtional buffalo nickel,... Continue Reading
Real Estate Trade Groups a 'Cartel'?
According to this WashingtonPost.com article a national consumer advocacy group yesterday condemned real estate trade groups for setting prices and blocking competition to maintain its traditional commission structure and to keep discount firms from gaining any market share. The commission system... Continue Reading
Jun19
Data Mining and the National Security Agency
Can security agencies sift through all the mounds of data to track down terrorist  networks without a good lead? It seems they could use a lesson from marketing companies who can routinely predict who you will vote for, where you... Continue Reading
An Unprecedented $7.37 Billion Made In Donations For Disaster Relief
According to this WashingtonPost.com article and outpouring of aid for victims of Hurricane Katrina and other castrophes around the globe, had charitable giving raise to a record level last year. Nonprofit experts say although that is great for the disaster victims... Continue Reading
Hiring Illegals? You Might Not Even Get Penalized!
Employer sanctions against hiring illegal workers has virtually been abandoned by the Bush administration, according to this WashingtonPost.com article.  Work-site enforcement operations were scaled back 95 percent by the Immigration and Naturalization Service between 1999 and 2003. The INS was... Continue Reading
Jun16
Broadcast Decency Legislation Signed
President  Bush signed in legislation today to escalate dramatically the penalties against broadcasters who violate federal standards. This is due greatly to the increased complaints to regulators since he took office, according to this WashingtonPost.com article. Bush said, "The language... Continue Reading
Jun15
Google Does Government
The ever expanding Google is now stepping into the government search by launching Google U.S. Governement search, which will target federal employees who often need to search across several government agencies. Not only will federal employees benefit but citizens will... Continue Reading
Data Mining Is A Government Gold Mine
Federal agencies are able to get consumer information, such as buying habits and financial records, that would be difficult for the government to gather but has become a booming business for private companies, according to this WashingtonPost.com article. More money... Continue Reading
Breaking Into the World of Fashion Part II
Part I of Breaking Into the World of Fashion told the story of sisters that were bucking the odds of getting your foot in the door of the fashion biz. This follow up post follows the Beckerman sisters and the creative... Continue Reading
Jun14
SEC Cracks Down On 'Perfect' Timing
An increasingly popular corporate practice that boosts executive compensation by guaranteeing profits on stock-option awards has Federal regulators ready for a crack down, according to this WashingtonPost.com article. The article goes on to state: The Securities and Exchange Commission is... Continue Reading
Stability System Study Finds Fewer Fatalities, Rollovers
Single-vehicle crashes saw reductions in fatalities to the tune of 56 percent, preventing as many as 10,000 deaths a year due to stability control technology. This system uses sensors to detect steering problems, typically found at high speeds or on... Continue Reading
Turning Toll Roads Over to Foreign Firms
A trend has began that places the privatizing of parts of the United States' interstate highway system in the hands of forgeign companies. The trend started 1 1/2 years ago, when Mayor Richard M. Daley (D) pushed through a 99-year... Continue Reading
Jun13
The "Small Rich" Have Caught a Break
Last weeks denial by the Senate of a permanenet repeal of the estate tax has meant tens of thousands of moderately well-off households have been given a break. According to a study cited by  Newsweek Congress's nonpartisan Joint Committee on Taxation states... Continue Reading
$55 Million To Fund Early-Stage-Drug Development Division
According to this WashingtonPost.com article two former senior executives at Rockville-based Human Genome Sciences Inc. have raised $55 million to fund their spinoff company. They hope to stand as a new model in how to pursue biotech business. The new company... Continue Reading
DNA Home Tests?
Genetic tests you can order over the Internet to determine a predisposition to cancer or genetic components for infertility without approval from doctors or the risk of fallout from filing an insurance claim? Those are the promises being made by... Continue Reading
Jun12
Magic Johnson Teams With Sodexho
The new joint venture with the former NBA all-star and one of the nation's largest food preparation companies will be a 10-year partnership. Financial details were not available as the deal is still being finalized. Sodexho provides meal and catering... Continue Reading
Mormon Marriott Makeover
J. W. Marriott Jr, the 74-year old Marriott International Inc. CEO has decided to begin dramatic makeovers of his companies' hotel bars. The idea is to go from convenient and comfortable lobby by day, noisy gathering scene by night. He states... Continue Reading
Wal-Mart Knows Beans About Coffee
Wal-Mart is overhauling its tightfisted image to win over shoppers searching for more than low prices. Moving into more luxury and designer items, trendy apparel and organic food, the retailing giant is now looking at fair trade coffee. They are looking... Continue Reading
Jun 9
Yeshiva Lease Deal Linked to Campaign Contributions
Montgomery County Executive Douglas M. Duncan (D) stated in an interview this week that the reason he recommended leasing a former public school to Yeshiva of Greater Washington was to combat neighborhood blight and not because he received $85,000 in... Continue Reading
Inheritance Tax Repeal Fails
The Senate fell three votes short of the 60 needed to end debate and move to consider a Republican proposal that would eliminate the estate tax. Lawmakers continue to negotiate behind the scenes to try to find a compromise that... Continue Reading
Jun 8
Can You Pass A Personality Test?
According to this Newsweek article many companies are turning to personality tests to weed out applicants before they even get an interview. Standardized tests are more common now due to the inability to garner detailed references from prior employers, out... Continue Reading
Say Hi to Wi-Fi!
Is your city planning on entering the high-tech world with free, fast Internet access? Don't ya wish? Last year, St. Cloud, Fla., a small Orlando suburb, paid $2.6 million to build a wireless network that blankets their 15 square miles... Continue Reading
A World Leader's View of The World Cup
If you aren't a world cup follower might we suggest today be the day you begin?  Host country Germany will begin by playing Costa Rica in the opening match of the 2006 soccer World Cup. For the next two weeks... Continue Reading
Jun 7
Are You Loaded For Bear?
So the Dow Jones slid 246 points in two days and shed 5.5 percent since mid-May, does that mean this is a full-blown bear market or just a short-term stock market correction?That is the question on many an investor's mind.... Continue Reading
U.S. Military Personnel Affected By Data Theft
Personal information, including Social Security numbers for as many as 2.2 million U.S. military personnel, including nearly 80 percent of the active-duty force, were among the data stone from the home of a Department of Veterans affairs analyst last month,... Continue Reading
'Dog Bites Man' No Really!
Well if you believe everything you see on fake reality shows! Comedy Central unveils a funny, true-to-life (but not literally true) reality show this week. This WashingtonPost article tells it all including:In February of this year, a prologue informs us,... Continue Reading
Jun 6
RCN Goes Up Against Telecom Giants
Taking on Verizon and Comcast isn't a easy task especially if you are just a little guy. RCN, battling giants 30 times their size, are trying to carve their own niche by offering customer service and voice, video and high-speed... Continue Reading
How Do The Japanese Spell Relief?
How about with a massage in a room with bio-flourescent jellyfish swaying gracefully to New Age music? Part of the pricey panacea in a society where changes in men's and women's roles and in the workplace are piling on stress --... Continue Reading
What Is Your Teen Doing This Summer?
Is gettting that summer job a good idea for your teen? If they learn to save, invest, and budget, yes, but as a way to feed the buying frenzy of new clothes, concert tickets, and fast food maybe not. Michelle... Continue Reading
Jun 5
Is The Rest of The World Catching Up With America?
Long been the leader and the dominant force in technology, innovation, productivity, and profits, the rest of the world is catching up to America. Do we realize how fast? Little did Britain realize in the year 1897, Queen Victoria's jubliee,... Continue Reading
Wal-Mart: From Squiggle to Star
The logo change isn't the only change on Wal-Mart's horizon. The behemoth retailer spoke of other changes at their annual meeting while protestors had a thing or two to speak about as well. Protesters assembled near the company's headquarters in... Continue Reading
And What Does Your Car Run On?
Are you one of the many who have turned to alternative fuel sources as a result of the rising gasoline prices? Or are you just wanting to do your part to keep the world green? No matter your views, the... Continue Reading
Jun 2
Consumers Saving Gas is Costing Detroit Money
Toyota and Honda saw increases in sales of 17 and 16 percent respectively while sales at GMC dropped 12 percent. Each percentage point equates to about 170,000 vehicles. The rush of consumers to fuel efficient, smaller cars has Detroit automakers... Continue Reading
Where are Enron Directors Today?
Many of Enron's board directors have stepped out of the limelight, refusing to comment on the scandal and their part in it. Most former directors have chosen to go underground, resigning from other boards and removing any reference to Enron... Continue Reading
Home Ownership: The AmeriDream?
Some believe that the almost 200 charities, such as AmeriDream, that provide down payment assistance to first-time home buyers, make it more likely that home buyers will default on their loans. It works like this: The home seller provides cash... Continue Reading
Jun 1
Rising Inflation Concerns Federal Reserve Officials
Federal Reserve officials are concerned enough about rising inflation that they are considering agressively raising interest rates, more than they have in six years. Their May 10th meeting resulted in an increase in the short-term interest rate from 4.75 percent... Continue Reading
Are Exxon Mobil Shareholders Angry?
For what is believed to be the first time, Exxon Mobil shareholders have gone against directors objections and adopted a resolution. Exxon officials think it might be out of anger related to the board's decision to award outgoing CEO Lee Raymond... Continue Reading
The Check Has Cleared
Or has it? This interesting WashingtonPost article might make you think differently about what it means when the bank tells you a check you have deposited has cleared. When a check is deposited the bank must make funds available... Continue Reading

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