Now, because of abnormal fall weather, there is a shortage, driving the country into crisis.
There are hundreds of ways to prepare the dish, but many use Napa cabbage, which is currently in short supply. The price of a head of the cabbage is now more than $10.
The cabbage used to make kimchi was not named after Napa, California’s famous wine region. In fact, the name comes from colloquial Japanese. The leaves of the plant, especially when they are used for food, are called nappa. The vegetable is known elsewhere in the world as Chinese cabbage and celery cabbage.
Koreans have been eating a version of kimchi for thousands of years. They claim that the high-fiber, vitamin-packed food helps ward off disease and aging. No wonder, then, that Koreans are now waiting hours to buy the government-subsidized vegetable.
KOHL’S SUCCESS STORY RETAILER POSES THREAT TO BIG RIVALS AS IT EXPANDS.(BUSINESS)
The Capital Times June 4, 2002 Byline: Anne D’Innocenzio Associated Press Kohl’s Corp.’s merchandising strategy, which focuses on such basic moderate-priced brands as Dockers and Sag Harbor, doesn’t seem revolutionary, but somehow, this chain, a hybrid between discount and department stores, is fast becoming a formidable threat to retailers like Sears and May Department Stores.
And as the Menomonee Falls-based company continues its reach well beyond its roots in the Midwest — it expects to go coast-to-coast next year — it’s forcing rivals to fight back with new store formats and services that mimic Kohl’s mass-market approach, even offering shopping carts and express checkouts near the exits at traditional department stores.
Federated Department Stores Inc. has opened a Bon Marche branch in a strip center, rather than a more traditional shopping mall, in Helena, Mont.
“Kohl’s is a terrible headache for most department stores,” said Kurt Barnard, president of Barnard’s Retail Trend Report, based in Montclair, N.J. “A lot of companies are adopting Kohl’s model and are trying to emulate the success story Kohl’s wrote. … There is no question that competition for Kohl’s will increase.” Kohl’s edge over its rivals is an emphasis on big brands including Sag Harbor and Reebok that generally aren’t available at discounters. Moreover, its prices are lower than at department stores, and it also avoids regional malls where department stores are based, focusing instead on strip centers that are more convenient for customers. kohlsprintablecouponsnow.net kohls printable coupons
The company “has hit two trends,” said Eric Beder, an analyst at Ladenburg, Thalmann & Co. Inc. “Consumers are tired of department stores. They want the same brands, but they don’t want the hassle of a department store.” “A significant portion of the store is on sale every day,” Beder added. He noted that the company’s prices on key brands are about 20 percent lower than consumers will find in department stores.
Kohl’s, whose offerings include apparel, home furnishings and accessories but not electronics, is able to pass along savings to its consumers because of its strong relationships with its vendors. Its top 50 vendors account for more than half of its business, giving the retailer economies of scale in ordering merchandise.
The company also keeps overhead costs down by operating in strip centers.
Until another rival emerges who follows Kohl’s format exactly, most analysts believe the chain has little to worry about. Kohl’s, which has 420 stores in 32 states, says it will refine its format as it moves into new markets. site kohls printable coupons
Kohl’s expanded into the Boston, Houston and Nashville, Tenn., areas this year, and plans a move into the Southwest and West Coast next year, including stores in the Los Angeles, Las Vegas and Phoenix areas.
Larry Montgomery, Kohl’s chief executive officer, recently told investors the chain “has just begun to grow.” Daniel Barry, an analyst at Merrill Lynch, envisions Kohl’s will have 1,100 full-size stores over the next couple of years, with the potential for several hundred more in small towns.
Barry believes Kohl’s is “well on its way to becoming the retailing stock of the decade.” Kohl’s stock is trading in the $72 range, down from a recent high of $78.83 but also up $30 from its low of $41.95, reached in the market’s post-Sept. 11 plunge.
Since Kohl’s went public in 1992, its annual net income has increased 32.7 percent, while total sales have grown 24 percent. Same-store sales — sales from stores open at least a year — rose on average 8.3 percent over the past five years. Same-store sales are considered the best indicator of a retailer’s health.
By comparison, same-store sales at department stores have inched up only 1.2 percent, according to Michael P. Niemira, vice president of Bank of Tokyo-Mitsubishi Ltd.
Kohl’s only direct competitor is Mervyn’s, a 265-store division of Target Corp., which has a similar format. But Mervyn’s has halted expansion and is focused on revamping its merchandise to revive sluggish sales.
Bob Ulrich, Target’s chairman and chief executive officer, acknowledged at a recent shareholders’ meeting that Kohl’s represents a challenge for Mervyn’s, which is preparing to fight Kohl’s in California by upgrading its stores. Mervyn’s already competes with Kohl’s in Minnesota, Wisconsin, Colorado, Michigan, Oklahoma and Texas.
“We certainly do study Kohl’s,” he said.
ASSOCIATED PRESS Kohl’s Corp., the Wisconsin-based retailer, is expanding its presence coast-to-coast next year.
AP graphic Sources: Kohl’s Corp.; Sears, Roebuck and Co.; May Department Stores Co.; Bank of Tokyo-Mitsubishi Ltd.
The secret to Kohl’s success
CouponSnapshot Offers Deals in Time for Valentine’s Day
Wireless News February 10, 2012
Wireless News 02-10-2012 CouponSnapshot Offers Deals in Time for Valentine’s Day Type: News website snapfish coupon code
CouponSnapshot, a site offering ways to save money while shopping online, announced it has prepared a list of Valentine’s Day deals and coupon codes for all online shoppers to enjoy.
“Valentine’s Day is a special time for couples to enjoy together, sharing signs of their love and even sharing their heartfelt sentiments with family and friends,” said CouponSnapshot’s Marketing Director. “Buying gifts for Valentine’s Day isn’t cheap. At CouponSnapshot, we are proud to offer our visitors great opportunities to save money on everything from jewelry and watches to flowers, clothing, candy, coffee, and countless other popular gifts. It really is as simple as coming to our website and searching for online coupons to use on your favorite shopping sites.” CouponSnapshot reported that it shares partnerships with Macy’s, Purdy’s Chocolates, Sirius XM, FTD, 1800 Flowers, and Shari’s Berries, to name a few. Shoppers can also score deals on gifts for their pets at PetSmart or gifts for family and friends in addition to something special for their partner. Visitors can currently receive discounts of up to 70 percent off at Amazon.com, 10 percent off sale and clearance jewelry and watches at Macy’s, and up to 30 percent off Valentine’s gifts at Barnes & Noble. Some other Valentine’s Day coupon codes include deals at Chicago Steak Company, Blue Nile and Snapfish, among countless others posted on the Valentine’s Day Coupons page.
In addition to the Valentine’s deals offered online, consumers can also enter CouponSnapshot’s $100 Valentine’s Day Giveaway. Entering involves simply liking the CouponSnapshot Facebook page and sharing the Valentine’s Day post for a chance to win. Two winners will each receive a $50 Kohls gift card. For more information on the Valentine’s Day contest, check out CouponSnapshot’s $100 Valentine’s Day Giveaway post. go to site snapfish coupon code
“We would like to wish everyone a wonderful Valentine’s Day,” says CouponSnapshot’s CEO. “We are thrilled to be able to assist you in finding the perfect present for your sweetheart at a price you can afford.”
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