Word: overstock
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...Donations have been steady, and Boomerang’s has benefited from the overstock left by abysmal retail sales that have forced stores to close...
...Around is more wary of the word “vintage.” As manager Alyson Booth explains, they’re not a typical vintage clothing store: ”It’s by consignment. We also have new things from boutiques, like when they have overstock.” The store marks down all items to one third the original retail price—and customers often get lucky with finds such as 75-dollar Manolo Blahniks or discounted Lilly Pulitzer dresses, sparkly Nicole Miller gowns, and plush Burberry coats. MK would approve...
...bya desire tohelp those in need, Megan and Dennis Doyle of Minneapolis decided they wanted to do more than just volunteer or write a check. Instead, they took $30,000 of their own money and started a nonprofit called Hope for the City. The organization collects corporate overstock and distributes it to nonprofits in the Twin Cities, nationwide, and internationally to 26 developing countries. Today the nonprofit has a $900,000 operating budget and a 25,000-sq.-ft. warehouse to store the donated items and has distributed nearly $380 million of in-kind merchandise since its inception...
...data show that such relatively big firms as Overstock.com and Martha Stewart Living Omnimedia have been targets too. Overstock CEO Patrick Byrne has launched a crusade against naked short selling, charging that an unnamed criminal "mastermind" is conspiring against his company. Byrne says the attacks have "put limits on the amount of capital we can raise, how fast we can grow and how many people we can employ." His company's stock, at $76 in January, has tumbled into the low $30s. Byrne filed an unfair-practices suit in August against Rocker Partners, which specializes in short selling. Rocker says...
...radar of most Harvard students, the Cambridge store is a bargain shopper’s dream. Snag hot Diesel jeans for $52 and peruse the racks of upscale pants, skirts and blouses (all of which retailed for over $200). Both this and the Newbury store occasionally get shipments of overstock from high-end boutiques, and much of the merchandise still has the labels...