Despite the sluggish U.S. economy, e-tail is picking up, with 56% of the top 107 Internet retailers showing profits last year. More and more e-tailers are taking a page from Amazon.com's book by designing the features on their Web sites to mimic Amazon's highly successful architecture, a report says.
Experts attribute Target's success over Kmart to selling upscale goods at quality prices in an enticing shopping environment. But Target still faces challenges from rival Walmart. One of Target's missteps has been the slow opening of SuperTargets, which combine general merchandise and grocery stores.
Nestle is putting the $150 million dollar media buying account of its recently acquired Purina pet food brands under review. Media analysts say the merger will likely be followed by a creative review of Nestle and Purina pet products, now under the name Nestle Purina PetCare.
President Bush yesterday unveiled a $2.13 trillion budget that boosts spending for defense and calls for more tax cuts. The budget shows the Department of Health and Human Services getting more money to respond to bioterrorism threats, but it comes at the expense of other health areas. Other departments targeted for reductions include the Environmental Protection Agency and the Labor Department.