Postcards
Power Point: Deliver value
November 6, 2008: 6:22 PM ET"In my mind, there is no doubt that this is Wal-Mart time. This is the kind of environment that Sam Walton built this company for."
-- Lee Scott, president and CEO of Wal-Mart (WMT), in The New York Times today. Consumers are going for value and there's no better evidence than Wal-Mart's October sales. Same-store sales at Wal-Mart increased 2.4%, beating expectations. The stock dropped only 1% on a 443-point down day for the Dow. And it's up in after-hours trading. Meanwhile, Target's (TGT) per-store sales dropped 4.8%--more than anaysts predicted. Gap (GPS) and J.C. Penney (JCP) took even bigger hits, and even sales at Costco (COST) fell 1%. No mercy these days.
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Most Powerful Women: The list about the list!
We've spent the last three months slicing and dicing the accomplishments and career histories of the most powerful women in business -- far too many facts and figures to fit into our Most Powerful Women package in the magazine. Here are 10 intriguing facts that we couldn't find space for in print:
Youngest woman to ever appear on the list: Marissa Mayer, VP of Search and User Experience at Google (GOOG). MORE
Jessica Shambora, Writer-Reporter - Sep 30, 2008 12:11 PM ETPosted in: Andrea Jung, Anne Mulcahy, Avon, AVP, Brenda Barnes, Carol Meyrowitz, CEO, CEOs, Citigroup, Credit Suisse, CS, DD, Diane Greene, DuPont, Ellen Kullman, Erin Callan, Fortune Most Powerful Women list, FORTUNE MPWomen, Google, Harpo, Heidi Miller, Indra Nooyi, Irene Rosenfeld, JPM, JPMorgan Chase, Katie Benner, KFT, Kraft, Leadership by Geoff Colvin, LEH, Lehman Brothers, Marissa Mayer, Meredith Whitney, Morgan Stanley, mp, MPWomen, MPWomen list, MS, Oppenheimer, Oprah, Oracle, PEP, Pepsi, PepsiCo, Postcards, Proct, Safra Catz, Sallie Krawcheck, Sara Lee, SLE, Susan Arnold, Susan Chambers, TJX, Ursula Burns, VMW, VMWare, Wal-Mart, Xerox, Zoe Cruz -
Starbucks' Schultz: from cocky to vulnerable
Seeing Starbucks (SBUX), once America's model retailer, post its first-ever quarterly loss, you realize how dire the retail category is these days. Just about everybody except the low-price players like McDonald's (MCD), Wal-Mart (WMT) and TJX (TJX) are losing.
But beyond being a victim of the harsh economy, Starbucks made real mistakes. It dramatically over-expanded. And when Howard Schultz, who built the company from a tiny Seattle chain, fired CEO Jim MORE
Patricia Sellers - Jul 31, 2008 2:42 PM ETPosted in: Andy Serwer, Bill George, CEOs, David Neelman, Ed Zander, Howard Schultz, JetBlue, Jim Donald, John Wooden, Leadership by Geoff Colvin, management, McDonald's, Motorola, Postcards, Power Shift, retail, Starbucks, TJX, True North, UCLA, Wal-Mart
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Fortune Most Powerful Women
Sheryl Sandberg:
Gina Bianchini
In her first public interview since taking on the CEO gig at Yahoo, Marissa Mayer outlines her priorities both in and out of the company. Watch
Brenda Barnes famously quit a big job to be with her kids. Years later, a massive stroke nearly killed her--and her daughter returned the favor. Watch
Fortune senior editor at large Pattie Sellers has written some of Fortune's most talked-about cover stories, including "Marissa Mayer: Ready to Rumble at Yahoo," "Oprah's Next Act," "Can Meg Whitman Save California?" "The $100 Billion Woman" (Melinda Gates), and "Remodeling Martha" (Martha Stewart). She has helped oversee Fortune's "Most Powerful Women in Business" package every year since its launch in 1998. Pattie is Executive Director of the Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business and beyond. She oversees MPW programs that enable women leaders to extend their influence and empower the next generation—such as Fortune MPW Entrepreneurs and the Fortune-U.S. State Department Global Women Leaders Mentoring Partnership. Beyond her Fortune duties, she is also developing Live Content across Time Inc. Pattie grew up in Allentown, PA, graduated from the University of Virginia, and started at Fortune in 1984. Her blog, Postcards, is about how power players lead, manage others, and navigate their careers.
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The Fortune/U.S. State Department Global Women Leaders Mentoring Partnership brings rising-star women from countries around the world to the U.S. for three-week mentorships with participants of the annual Fortune Most Powerful Women Summit - among them Ursula Burns of Xerox, Laura Lang of Time Inc., Marissa Mayer of Yahoo, and Tory Burch.
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