Sunday, December 28, 2008

Six Day shhopping week

How long before we see this in USA? Seems like the thing to do - although I have no idea if this has proven to be successful in other markets - like Europe where it's been tried before.

6-day Week for Isetan, Mitsukoshi

THE ASAHI SHIMBUN

2008/12/29

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Isetan Mitsukoshi Holding Ltd. announced over the weekend that it will revive its custom of closing its department stores for one day once a week.

Under measures to take effect as early as April, it said it would also cut back operating hours.

The operator hopes to save some 2 billion yen a year by reducing staff and utilities costs, officials said.

Sales at Isetan and Mitsukoshi flagship stores dropped around 10 percent in the first half of December from the same period in 2007.

Currently, only New Year's Day is a fixed holiday at both Isetan and Mitsukoshi stores.

The two chains scrapped their weekly closed days in 2000. Department stores had reduced shop closing days while extending operating hours since the 1990s.(IHT/Asahi: December 29,2008)

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Sunday, December 14, 2008

Is democracy a panacea?

A lot of people in India are feeling that democracy is overrated - it hasn't helped us deal with the national security issues and the tough economic decisions - specially on infrastructure fall prey to political in-fighting and vote bank politics. The Western media though continues to give India higher marks than China - perhaps to fulfill its own prophecy!

I'm kinda divided on this - I see good reasoning on both sides of the debate - haven't come to a conclusion yet. What do you think
?

Icons of our times - a great one from www.businesspundit.com

Citi
Xerox
Ford
LG
NIke
Best Buy
Ferrari
Cisco
Dow Jones
Yahoo
Good Year
Nokia
Dell
Chrysler
3M


Apple