Word: buying
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...hard-cover releases to less than $10 apiece for shoppers who preordered books on their websites. Similar price battles have been launched in toys and electronics, with Walmart's chief merchandising officer, John Fleming, proclaiming, "We're going to be the price leader for this holiday season." Best Buy's executive vice president of customer operating groups, Mike Vitelli, says his company will match competitors "dollar for dollar." (See 10 big recession surprises...
...survey, which polled about 3,500 people nationwide in early November, found that 60% of consumers plan to spend less on gifts, and 55% say they'll wait for deep discount sales and specials before opening their pocketbooks. More than half say they plan to buy less-expensive merchandise than a year ago, and 52% say they'll give gifts to fewer people. "This is a fundamental shift," says Bryan Eshelman, managing director at AlixPartners LP. (See pictures of people shopping on Black Friday...
...discounting that you saw last year," says Stephen Sadove, chairman and chief executive of Saks Inc. Wayne Hood, an analyst at BMO Capital Markets, agrees. "We're expecting 50% [markdowns] to be kind of the norm this year vs. maybe 75% last year," he says. (See 10 things to buy during the recession...
...pick me up a coffee from Dunkin’ Donuts, but he almost refused when I told him what I wanted. To him, ordering my coffee—with skim milk and five Splendas—was as embarrassing as if I’d asked him to buy a jumbo box of tampons...
...surprised to learn Harvard was spending probably close to a quarter of a million dollars to buy trash cans.” Mattison said. “Individual residents and homeowners should be responsible for their own trash...