Word: offs
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Dates: during 2000-2009
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But all of that changed when the stock market collapsed, housing prices plummeted, and credit markets seized up. Not surprisingly, many recent converts to luxury shopping quickly reversed course and went downscale. But what caught retailers off guard was that long-time luxury shoppers grew more frugal, too. The widely...
In response, upscale department stores such as Saks Inc., closely-held Neiman Marcus and Nordstrom Inc., started slashing prices to unload a glut of inventory. Saks fired the first volley, slapping 70%-off signs on luxury designer clothing in early November 2008. Neiman and Barneys frantically followed suit.
Grandstand saw his save percentage decline last year from his stellar Rookie of the Year season in ’07 (0.811 to 0.636) but has gotten off to a fantastic start in ’09 (one goal allowed in four games). Still arguably one of the best keepers...
Do you have any hope that the recession will jolt Americans out of this funk? I think it's profoundly deeper than greed. I don't think it's hugely surprising that people who go into investment banking are greedy. People who went into investment banking in the '20s weren...
Peruvian expansionism is already radiating across Latin America. Acurio's fine-dining flagship, Astrid y Gastón, operates in seven countries outside Peru. La Mar has restaurant in six countries, and Tanta, which offers light fare, just opened its first locale outside of Peru in Santa Cruz, Bolivia. A...