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Here's hoping you avoided the food coma: you'll need your wits about you for Black Friday. The traditional day-after-Thanksgiving shopping bonanza has become a full-contact sport, with crazed shoppers determined to find the best deals, sometimes with tragic results. In last year's frenzy, a worker at a New York Walmart was trampled to death when the store opened its doors; two shoppers were shot in a dispute at a Toys "R" Us in California. The ensuing safety concerns may have prompted some shoppers to think twice, but retailers still expect a bonanza: the weekend...
...they're winning at something. As a country, we held nearly $1 trillion in credit-card debt this time last year-about the same as the value of all the goods and services produced in South Korea annually. We've bought so much stuff that we've struggled to find places to fit it all. The U.S. went from having 300 million square feet of self-storage space in 1984 to 2.4 billion square feet in 2008, according to the Self Storage Association, a 700% surge. By 2005, one in five new houses came with three garage bays-the third...
...biggest insight to come from Black Friday sales data will be changes in shopper behavior. People may be getting more time to find deals this year, but there are fewer big deals to find - the 75% to 80% markdowns seen during last year's holiday season are now rare. Retailers purchased up to 20% less inventory this year in anticipation of slower sales, so they're not under the gun to slash prices to clear inventory - at least...
...says, is that the Nov. 26 attacks were planned in Pakistan, and the terrorists involved tried to hide their nationality, carrying student ID cards from Indian colleges. On Wednesday, a police witness described visiting four Indian cities trying to verify the names and addresses on those IDs, only to find that they were false. "Qasab has exposed Pakistan," Nikam says. "The conspiracy was hatched in Pakistan...
...strong. And the problem is that such support and power can intoxicate the party and lead you into believing that you know it all. You take things for granted. So it's important to have a system that keeps you on your toes. This huge party must find a way to monitor itself vigorously. If there are non-performers, we'll take them out. Otherwise the party will end up unwieldy and in a mess.(See pictures of South Africa after 15 years of ANC rule...