Word: marte
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...price wars have gone nuclear. From Target's $3 coffeemakers to Best Buy's half-price washing machines to Staples's $350 laptops, the theme of this holiday shopping season is, without a doubt, "we sell for less." Even Wal-Mart's commitment to "every day" low prices isn't preventing it from going lower. An online skirmish with Amazon.com that started with $9 hardcover books (books normally sold for three times that amount) has dominoed into other categories, driving down prices on everything from mobile phones to Easy-Bake ovens. The deals are everywhere. (See pictures of expensive things...
...this year's Black Friday began early, with many retailers pushing holiday ads while pumpkins and Halloween costumes were still on store shelves. Wal-Mart shot the first volley when it launched a price war last month with online retail giant Amazon.com over books. Walmart slashed the price on 10 of the most anticipated hardcover books to $10 a pop for shoppers who preordered the new releases through its website. When Amazon matched the price a few hours later, Walmart trimmed the price to $9 apiece and then $8.99. Rival Target, not to be left out, has since matched this...
...fails - and many believe it could - just the threat of CITES may serve as a warning to the tuna industry and to governments. Fishermen, understandably, are not thrilled by the possibility of a ban, no matter how temporary. "We're in a race with the ecologists," says David Martínez Cañabate, adjunct director of Ricardo Fuentes & Sons in Cartagena, which employs about 1,000 workers. "They want to shut down the fisheries, and we want to show them that the quotas and enforcement are working." Cañabate acknowledges there is too much illegal fishing, but believes...
...small independent stores. "I wouldn't want to be a mom-and-pop bookseller right now," says Heupel. The industry is so concerned about the battle that the American Booksellers Association has asked the Department of Justice's antitrust division to investigate the retailers' pricing practices. "Amazon.com, Wal-Mart and Target are devaluing the very concept of a book," the organization, which represents locally owned independent bookstores, wrote. "The entire book industry is in danger of becoming collateral damage in this war." (See the 100 best novels of all time...
...localize their menus in other markets, the Mexican menu of P.F. Chang's is nearly identical to that in the U.S., except that customers will get more hand-holding with longer item descriptions. "We've been representing brands 100% as they are, especially at the beginning," says Alberto Torrado Martínez, CEO of Alsea. "We don't tropicalize anything. Mexicans are going to try something they haven't tried." (Read "Can 7-11 Win Over Hong Kong Foodies...