Word: discounters
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...save, follow the lead of Jessica Montero, an administrative assistant from the South Bronx with a son who is entering ninth grade. Montero's work hours and income were cut earlier this year, so she is swearing off Staples and buying all her son's school supplies at a discount store. Her son's private school requires a uniform, but instead of buying an overpriced ensemble directly from the school, Montero plans to go to Target to patch the outfit together for half the price. She also cut off her son's cell-phone service four months...
Gault scores a discount on one chain and then says she'll buy a second one if the store throws in another price cut. The jeweler agrees. Gault calls this strategy layering: once sellers agree to one deal, quickly hit them up for another. They just might be in a giving mood. Gault pays $215 for $270 worth of jewelry. (See 10 things to do in New York City...
...cause. The price of a sports watch she wants is $69.97, and the retailer is sticking to it. Yet Gault refuses to give in and offers this Hail Mary: "Is there a box for that watch? If not, can you shave something off?" The result: no box, a 10% discount and a reminder to always make sure no fixin's are missing. Since retailers can't afford to lose you these days, no demand is too peculiar...
Meanwhile, negotiations over iron-ore contracts, an annual ritual that has been particularly heated this year, may be another factor. Chinese steel producers have been pushing for a discount of up to 50% on the price agreed on last year with Rio Tinto. But with the negotiations stretching long past their original June 30 deadline, steadily climbing prices for iron ore have steelmakers sweating. "Clearly the Chinese insistence that the price be cut further no longer can be sustained," says Jim Lennon, a Macquarie Bank analyst, who notes that talks "have gotten increasingly acrimonious...
...Sunday’s Giants game was just how cold the Bay Area is. It’s the beginning of August, probably the hottest time of the year in most places, and the weather report called for a high of 59. But just as I was about to discount both Bay Area teams for this failing of Mother Nature, the morning fog burned off, the sun came out, and it turned into a beautiful day for baseball. The only problem was that for the rest of the day I had to schlep around the $8 throw that I bought...