U.S. retailers expecting to ring up sales in the days after Christmas may have to intensify discounts after a snowstorm slammed the East Coast yesterday, disrupting one of the busiest shopping days of the year.
Two banners showing images of entrepreneur Daymond John, a co-founder of the FUBU clothing line and one of the resident predators on ABC’s “Shark Tank” television show, loomed at the front of a hotel meeting room as fledgling business owners and would-be entrepreneurs filed in.
Dave Murphy , president and chief operating officer of Red Wing Shoe Co., got hearty applause when he announced record earnings for 2010 -- $448 million, up 12 percent from 2009 -- at this year’s shareholder meeting in Red Wing, Minn. But the announcement that got the roughly 150 shareholders out of their seats for a standing ovation was not about dividends or returns. It was the 315 employees the company hired in 2010, bringing head count close to 2,200 today.