Word: discount
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...comes the hard part. Staying relevant and competitive in the appliance business is getting more difficult--just ask Maytag. Viking has attracted a slew of competition, from GE to Wolf, companies that have followed its path upmarket. The reason is obvious: Why struggle selling discount white goods when Viking has proved that you can sell a $20,000 range to a generation of gourmet-chef aspirants...
...customers bring their own bags, they receive a discount of $0.05 per bag, and the store also offers reusable bags for a dollar, said Lynay J. Smith, the marketing team leader at the Fresh Pond Whole Foods...
...from London say the prices there look almost the same as in New York, except they are quoted in British pounds, which are now worth more than $2 each. I learned of a delegation of wealthy Chinese entrepreneurs who on a recent visit to America insisted on going to discount malls to buy designer goods at what they believe are the cheapest prices in the world (and which they know will be genuine...
...warm Friday afternoon in June, about 50,000 boxes of toothpaste got their last squeeze inside an industrial trash compactor in Homestead, Fla. They were yanked from the shelves of discount stores and bathroom cabinets after a nationwide recall warned that the toothpaste contained a chemical, diethylene glycol, that could lead to kidney failure. Francisco Botta, who distributed the toothpaste for his family's wholesale business in Miami, stocked his warehouse bathroom with the stuff. "I used it every day," he says. "I told everybody to stop...
...pair of Nikes--and it isn't infallible. "No factory is perfect all the time," Marks says. If even a giant like Nike can't expect full compliance, what can consumers expect from smaller importers who can't afford full-time monitoring in China? Or from the discount stores that buy in bulk, sometimes without even a manufacturer's name on the products they sell? "Too many people don't have a clear understanding of what they are buying," says Benoit Rossignol, head of Shanghai-based Shiyao Investment Ltd., which advises companies doing business in China. "You have a responsibility...