Doors close on New York's 47th Street Photo store
The famed 47th St Photo in New York, founded in 1967 by Irving Goldstein, shuts down after bankruptcy and dwindling outlets. The shuttered store, known for a brisk sales floor and Hasidic staff, ends an era noted by customers who valued its blunt honesty and low prices. The sale includes an auction of contents as renovation signs appear.
MENTIONED IN THIS ARTICLE
New York
Mark Waldstein
Mr. Cheap
Irving Goldstein
47Th St. Photo
West 45Th Street
47Th St
Yarmulkes
47Th Street
Internet not catching on with large retailers
Retail chains like ShopKo Kohl's and Carson Pirie Scott move slowly toward Internet selling. They cite lack of profit, need for infrastructure, and focus on in-store shopping. Lands' End and J C Penney report small or unprofitable online ventures but view Internet as strategic or informational. A Coopers & Lybrand survey notes few sites profitable as retailers test the web.
MENTIONED IN THIS ARTICLE
Global Concepts Inc
Internet
ShopKo Stores Inc
Green Bay
Wis
Kohl’s Corp
Menomonee Falls
Gary Vasques
Kohl's
Shopiro
Sheree Olson
ShopKe
Carson Pirie Scott & Co
Boston
Carson
Kohi’s
ShopKo
Beauty Express
Edward P. Carroll Jr
Cyberspace
Lands’ End Inc
J.C. Penney
Lands’ End
Willie Doyte
Stephanie Brown
Coopers & Lybrand
Thomas Buschok
Coopers’ Retail and Distribution Division
National Retail Federation
Nike as Economic Gauge for Asia Development
The Financial Times reports Nike production as a broad indicator of Asia's growth. Nike shifted from Japan to South Korea and Taiwan in the 1970s and expanded to Thailand, China, and Indonesia from 1987, with production location reflecting political stability and development alongside labor costs.
MENTIONED IN THIS ARTICLE
Bombay
India
Nike
Asia
Robert Flemings
U.S
Japan
South Korea
Taiwan
Thailand
China
Indonesia
Microsoft to Acquire WebTV in TV PC Convergence Push
LAS VEGAS AP In a move to spur PC and television convergence Microsoft Corp will acquire WebTV Networks for 425 million dollars. Craig Mundie said the deal aims to accelerate the merger of the Internet with television as broadcasters weigh new formats and a vast replacement market. Steve Perlman called the partnership a match and Mundie stressed parallel evolutions for better PCs and TVs.
MENTIONED IN THIS ARTICLE
Las Vegas
Microsoft Corp
Webtv Networks
Craig Mundie
Microsoft
National Association of Broadcasters
Webtv
Steve Perlman
Mundie
United States
Also Mentioned on This Page
Italy
Europe
Angelika
Sven Eriksson
Switzerland
Mrs. Eriksson
Tony Santiago
Big Apple Hostel
45Th Street
New York City
Mammaleh
Munications Commission
Brown
Buschok
Tony Tassell
The
Financial Times
Cac
Wall Street
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