Word: overstocks
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...Harvard Business School-trained CEO of eBay. But if eBay crashes, there's nowhere else to go. And because eBay's job is connecting people--not selling them things--it isn't lumbered with a traditional retailing cost structure. No buying, warehousing or shipping. No taking returns or unloading overstock. "eBay is the only e-tailer that really fulfills the promise of the Web," says Faye Landes, an e-commerce analyst at Sanford C. Bernstein & Co. "And the key is its virtuality...
...Business practices that have evolved in the past decade make intelligent use of weather data a necessity," says Mike Smith, president of WeatherData, a commercial meteorology firm in Wichita, Kans. Smith cites the development of just-in-time inventory--a system in which businesses keep little or no overstock on hand. Instead, they place orders as needed, relying on speedy delivery to meet demand. The practice saves on storage costs and expensive markdowns, but it leaves companies at the mercy of delivery systems and the weather that can, literally, derail them. When a huge airline hub like Chicago is slowed...
...caveat about books in intellectual Cambridge: by the time most students graduate from Harvard, they have accumulated towering piles of paperbacks, many of which they have never even opened. A cheap copy of Thoreau on overstock or the latest book on pop psychology is always a tempting purchase...
Even the rich and famous are not above looking for a bargain. Elysa Lazar publishes the S&B Report, a monthly compendium of up to 250 designer showroom sales where, on certain days, customers can buy overstock fashions from Donna Karan, Perry Ellis, Oscar de la Renta and other top designers for 50% off. Well-heeled subscribers include Dr. Joyce Brothers, Regis Philbin and Sally Jessy Raphael. After Joan Lunden mentioned Lazar's new mail-order catalog on Good Morning America two months ago, 80,000 viewers wrote to request the guide to discount suppliers of everything from wallpaper...
...store is laid out in a way that makes browsing irresistible, its knowledgable staff luring you inside to the attractive displays featuring the newest books. Venture further into the store and you will find one of the square's best selections of publisher's overstock books at huge discounts. And if you're looking for some cheap thrills, check out the humor section's display of flip books, which feature unlikely scenes of women giving birth and frogs in heat...