Word: retailing
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...Rosen told the New York Times his critics were fueled merely by "jealousy and envy." By then, Ticketmaster had already swallowed the company that had previously dominated the market, Ticketron, and was in the process of evolving its business model from selling tickets only over the phone and at retail outlets to the marketing them on the Internet. (Read "Going After Ticketmaster...
Lonely hearts, you're not the only ones getting no love this Valentine's Day. The economy will likely be joining you down in the dumps. According to a recent study from the National Retail Federation, consumers plan to spend, on average, $102.50 on Valentine's Day gifts this year, down from $122.98 in 2008. That's a 17% drop. Overall, the study projects that Valentine's Day spending will fall 14%, to $14.7 billion, compared with last year. "People are trading down," says George Van Horn, an industry analyst at IBIS World, a research firm that also is predicting...
These days, consumers, no matter how romantic and sentimental they may be, value that extra cash. So retailers must get more aggressive in order to spread the love. At Louis Martin Jewelers in New York City, for example, you can find the back room filled with sparkling rings and necklaces. "Last year, this was the high-end room," says Martin, the owner. "Now, it's the markdown room." Everything's on sale - for example, a $2,500, 18-karat-gold, diamond and amethyst ring now costs $597. "We're selling things at or even below cost," Martin says. "We have...
...that industry in the world. The approved proposal contained a number of concessions to neighborhood and city interests. Within the six-block area opened for dense construction, ARE has agreed to maintain a minimum of 220,000 square feet of housing, including low and mixed-income housing and retail space. They have also agreed to retain 2.2 acres of open space for community use. Also part of the negotiations that preceded yesterday’s approval, the city will acquire for municipal use a building that ARE had originally bought for $14 million. —Staff writer Sarah...
...kind of disturbing,” said Iram A. Nadroo, a second year Divinity School student who says that she often sees students buying food from the café. Harvard University Dining Services spokeswoman Crista Martin said that HUDS, which counts Lamont Library cafe among its retail dining locations, uses a “sophisticated system of notification” to receive information from the Food and Drug Administration and the Massachusetts Department of Public Health about the ever-expanding list of recalled products. Martin also stated that HUDS “continuously checks” that none...