Tuesday, November 15, 2005

I love BusinessWeek

BusinessWeek is great. You should definitely sign up for the free weekly email alerts. I've learned a lot of neat things from reading BW articles, the most memorable of which include Samsung's design revolution and Hyundai's commitment to quality in the last couple of years. Just look at how those companies have outpaced Sony and Toyota, respectively (GO KOREA!).

This is what I read today:
http://www.businessweek.com/bwdaily/dnflash/nov2005/nf20051110_5243_db016.htm?campaign_id=topStories_nws_14Nov&link_position=6

Although they don't disclose it in their financial filings, the real earnings engine at Best Buy and Circuit City is not the sale of gadgets themselves but the sale of warranties. Those are the high-priced, multiyear protection plans on TVs, computers, and other items that are hawked by the retailers' salespeople at the close of each purchase.

Cool! I had no clue!

And if you want to find out "How the Swedish Retailer (IKEA) became a global cult brand", check out:

http://www.businessweek.com/magazine/content/05_46/b3959001.htm?campaign_id=nws_insdr_nov4&link_position=link1

COOL!

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