Here's good news if you're looking for discounts, bad news if you're in the retail industry: Third quarter 2015 was brutal for much of the retail sector. For analysts, the mystery is why few people used the windfall from low gas prices to splurge on themselves or their families. In expectation of such spending, retailers let their inventories rise, a decision some now regret.
Entrepreneurs beat long odds when they launch a company, scale it up and sell it to investors. Jason Cohen ’96 has done it five times in 15 years.
Martin Shkreli became the Internet villain of the fall (some publications used much harsher language) when his company, Turing Pharmaceuticals, acquired the rights to Daraprim, which treats a condition called toxoplasmosis — and promptly raised the per-pill price from $13.50 to $750. The move was entirely legal, but a bipartisan U.S. Senate committee is looking into what one senator called "price gouging" in the industry.
The proportion of federal employees under age 30 has shrunk from 9.1 percent in 2010 to 6.6 percent in 2014. How can the hiring trend shift? Smith School professor Gerald Suarez tells the Baltimore Sun that while NASA and intelligence agencies appeal to Millennials, they’re turned off by bureaucracy and stagnant institutions.
In this edition of Smith Business Close-Up, host Jeff Salkin visits the Smith School to sit down with Martin Dresner about his new research that shows the upsides of baggage fees: not just improved the bottom lines for airlines, but also better on-time records and fewer customer complaints about lost bags.