Maybe not you, but someone’s been doing a lot of shopping at Best Buy this year, because they just posted higher 3rd quarter earnings than they had predicted, based on “strong sales.” Sales were $238 million versus $150 million a year ago. [Reuters]
1 in 3 Lottery Winners Broke Within 5 Years
By October 29, 2007
The sad news is that 1 in 3 lottery winners are in serious financial trouble or even bankrupt within 5 years. Why? The suddenly wealthy often never learn to manage their money.
When Business Traveling In London, Watch Out For Naked Sleepwalkers
By October 26, 2007
Travelodge, which runs more than 300 budget business hotels in the UK, is training its staff on how to respond to the 70% surge in the past year of naked men sleepwalking through their hotels: “One tip in the company’s newly released ‘sleepwalkers guide’ tells staff to keep towels handy at the front desk in case a customer’s dignity needs preserving.” The sleepwalkers have been reported asking questions like, “Where’s the bathroom?,” “Do you have a newspaper?” and “Can I check out, I’m late for work?”
Home Depot To Sell Business Supply Division, Focus On Retail
By June 20, 2007
Home Depot has agreed to sell its Home Depot Supply Unit to three private equity firms — Bain Capital, the Carlyle Group and Clayton Dubilier & Rice for $10.3 billion, the buyers announced this afternoon, confirming a report by DealBook.
Yay! Home Depot’s troubled supply division has long been fingered as the cause of their notoriously crappy customer service. One can only assume that resources once diverted to the business supply division can now be refocused on consumers. Let’s hope that’s how it goes. —MEGHANN MARCO
Monsanto Has Trouble Getting Out Of Bed In The Morning
By October 12, 2006
After losing the first round of Worst Company In America, Monsanto suffered from low self-esteem and decreased motivation.
What Would Jesus Do in a Suit?
By May 4, 2006
What’s the most unethical thing you’ve ever done in business? There’s a new blog, Ethics Crisis, asking just that and the responses are starting to get interesting. And If the business people aren’t honest with each other, they just might not be honest with their customers, doncha think? Here’s the best one so far:
B2.0′s “101 Dumbest Moments in Business” 2005
By January 25, 2006
Join us as we read the Business 2.0 (on CNNMoney) piece, ’101 Dumbest Moments in Business (2005),’ featuring old favorites like the Sony BMG rootkit scandal and Overstock.com’s Patrick Byrne’s famous “Sith Lord” investor call, as well as new gems like this:Speaking at an ad industry event in…
Overstock.com’s Patrick Byrne Leaks Own Interview
By January 13, 2006
Following the ins-and-outs of business is not our forte, but we continue to be enraptured by the kooky CEO of Overstock.com, Patrick Byrne. After making a call to investors where he assured them that he was not, among other things, a Jedi, he’s now followed up by publishing an email interview with Business Week’s e-Business editor Tim Mullaney—before the Business Week article has been published.
Movie Theater Ads “More than $50k per screen anually.”
By January 9, 2006
There’s not a ton of new information in Ars Technica’s Peek into movie theater economics, but Ken Fisher does manage to pull out a few bits that were new to us.
PriceGrabber Grabbed for $480 Million
By December 15, 2005
Little ol’ PriceGrabber has been picked up by the UK holdings company that also controls Experian for $485 million. How does that affect you, the shopper?
