Word: pricing
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...worried? Both Nike and Adidas say the Starburys haven't cut into sales, so the big boys have no plans for cheap sneaks. These companies insist their $100-plus kicks offer extra features that help a player's performance. "It would be tough for us to go to that price point because consumers expect so much from our product," says Travis Gonzalez, an Adidas basketball spokesman...
...want to understand how quickly the very rich are becoming very richer, don't read about hedge funds, alternative-minimum-tax revenues or acquisitions by private capital. Those things are boring. Look at the difference between the change in the average price of a restaurant meal in the Zagat restaurant surveys and the change in those singled out in its America's Top Restaurants 2008 guide. The price of the average restaurant meal went up 2.3% last year, while the average price at the places that make Zagat's top list went up 3.8%. But if you look...
...Nobody ever complains about it," says Eric Ripert, chef of Le Bernardin, Zagat?s No. 3 top rated restaurant in New York City, where the average price of a dinner is $129, up 7% from last year. "The clients tell us we can raise our prices even more," he says. At the BLT Steak restaurants in New York City and Washington, chef Laurent Tourondel is serving a $92 rib-eye steak, and he's pretty sure he's holding back. "I could raise it a little bit more" without losing any diners, he says. "I don't think...
...Colicchio, a judge on Bravo's Top Chef and the owner of the Craft restaurants in New York City and Los Angeles, says food costs still make up 28% to 32% of an entrée's price--only now that means some of his entrées are $50. "The high-end restaurants are looking for stuff made by the small farmer, and this stuff just costs more money," he says. "If you have a small farmer that makes 40 chickens a week, it's going to cost more than a factory farm that's making 4,000 chickens a week...
...truth, Wal-Mart is a little desperate--it launched a price war for Christmas toys in early October and then slashed 15,000 prices storewide. It increasingly seems the company's 45-year-old business model--based on a continuously improving supply-chain loop--is better suited to developing economies like Mexico, Brazil and China, where it is doing well, than to mature markets like the U.S. and Japan, where it isn't. In the U.S., same-store sales increases are bumping along at 1% to 2% a month, while rival Target, the fashion-forward, design-centric glamour girl...