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On the other hand, we have three used-book stores, and they do half their business on the Internet.

I think that ultimately the Internet and the brick-and-mortars will be very synergistic, ... It is only a matter of time that Internet companies open stores. We have seen catalogers open stores, like J. Crew. The lines will blur and the Internet will just be one more store.

I think that ultimately the Internet and the brick-and-mortars will be very synergistic. It is only a matter of time that Internet companies open stores. We have seen catalogers open stores, like J. Crew. The lines will blur and the Internet will just be one more store.

The Internet has about 500,000 sites where the book is discussed - about half and half for and against.

The bigger it gets, the smaller the percentage growth will be. Let's say that when you add 10 new stores to 100 stores, you grow the business 10 percent. When you add 10 stores to 3,000 stores, the growth isn't obvious.

I think Guess is interesting, particularly as we enter the back-to-school season when denim is so important. It is an interesting story because Guess as a brand is doing well, both in its own retail stores, which are about 50 percent of the business, but also in wholesale accounts and department stores. It is really the one hot brand that department stores have today. Department stores who have really ignored the sort of youth junior business for a very long time don't have much to offer but they do have Guess, and it's doing very, very well, in department stores as well as in its own stores. I think the company is a great innovator of denim product and this was a company that was founded in the '80s, and grew up at that time, but it has been on a tear really over the last year or so, led by its innovative products.

The only way to grow in the retail business is to add yet another 100 stores, another 600 stores. Then someone else will see that you are successful. And that other fellow will do the same. And for a while it is fine, until suddenly there are more stores than the community needs.

Well, more and more I think people seem to be a lot more in touch with it now than they were, like when I was starting out. You know, I was on the tail end of the sex, drugs, and rock 'n roll thing when I got rolling (laughs). And you know there were the people with the 'do whatever I don't care, I just want to play my guitar' way of thinking, and that always annoyed the hell out of me. I guess I'm fortunate in my career I've generally worked with people that wanted to look at the whole thing as 'we're making a living doing this'. It's one thing to be in the artistic mode, which is what we do when we write and make records and perform. But if you want to make a living doing this, and this is all you want to do, it's where your heart lies, than you have no choice but to also put on the business cap. In this day and age, especially with the Internet. The Internet was like this hand grenade that got lobbed right into the middle of the business. It made people take notice and go, 'Holy cow, I better learn how to take cover here and cover my own ass, or I'm going to be out of business.' Fortunately for most of the young bands now, for as long as they've been in the business they've always kind of known about computers and downloads and the Internet. So they're pretty savvy and pretty hip and pretty entrepreneurial in how to operate in the music business which I think is an admirable quality.

Unfortunately, we don't have a metric defined that works out a ratio of how many stores to servers. As we add stores and resources, you add more servers, you need more space. Look at pharmacy -- Target hasn't been involved in it that long. There is a lot of data processing there. Credit cards, just the stores themselves, Internet hosting -- growth is good, but you need to add more buildings.

We've doubled our store count in the last three-and-a-half years from 500 stores to 1000 stores. We're on track to double again in the next three-and-a-half years,

The irony is while we're driving more productivity and revenue by switching to broadband POS systems, we need to be far more careful about Internet vulnerabilities. It's a whole new ballgame building an IP network for hundreds of stores that needs to function even if a broadband connection is lost, and has to protect private customer and business information, not to mention facilitate the business of managing the entire network.

What we're saying is that what the Internet needs to do, particularly for them, is to take the power of the Internet, much like you put a magnifying glass in front of the sun, and give them the resources to drive traffic into their stores.

Bill Richardson

By shuttering the Marshall Field's catalogs, Target is saying something about its department stores business -- business isn't what it used to be, ... Part of the reason is that department stores overall are doing badly.

We released the fourth book at midnight and we also had a slumber party for the kids and parents at our stores. We could be doing something along those lines for the new Harry Potter book release.

There is an enormous redundancy in every well-written book. With a well-written book I only read the right-hand page and allow my mind to work on the left-hand page. With a poorly written book I read every word.

Marshall McLuhan (1911-1980)

Marshall McLuhan

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