Word: shopping
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Dates: during 2000-2009
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Zach Saul, a founder of San Francisco-based software shop and consultancy the Retronyms, created Recorder, a voice and audio recorder, which is the only utility among the Top 10 paid apps. Saul said the app was $10 at launch but went on sale a day later for $0.99 - and has sold nearly 250,000 copies to date. What's most remarkable about Record is that a number of other apps provide the same service - for free. "I think we're successful because we continue to improve and fix bugs and so on," he said...
...Steve Sheraton, the magician behind Las Vegas-based Hottrix, a magic and special-effects shop that developed another (apparent) 2008 top seller, iBeer, said dropping the price on his app may have been a mistake. "I'm not selling more at $0.99 than I was at $2.99," he said of the entertaining little app that simulates a glass of beer: put the phone to your lips, tip it and you can "swallow" the beer. He dropped the price as part of a presidential sale on Election Day but said he'll raise it again soon to test his theory. Sheraton...
...past several months, luxury businesses have been battening down to cope with a sinking economy. As the consumer pulls back on discretionary spending, luxury executives and retailers are scrambling to redefine themselves. Tiffany & Co. is opening smaller stores. J. Crew has set up shop in a former Tribeca bar and propped it with real liquor bottles along with the bow ties. Times may be tough, but things of great beauty?objects, food, buildings, places, clothing, jewelry?will never lose their appeal. There is a widely accepted theory that in moments of real political, social or economic stress, lipstick sales spike...
...nation receptive to porn and wired for the Web has been a dangerous combination for print magazines. With pornography comprising 25% of all Internet searches, according to GOOD magazine's estimate, magazines have seen their readership dwindle. Many, battered by declining ad revenues and shrinking circulation, have closed up shop. Last month, after serving for 35 years as the rejoinder to Hef's iconic creation, Playgirl magazine went to press for the last time...
...hopping in at a time when recent performance has been dismal and other investors are headed for the door? "To get into some the best funds, you often have to do it when things aren't going great," says Russ Kinnel, director of fund research at the investment analysis shop Morningstar. "Virtually all of these funds have lost money since they reopened. You can't argue it's some magical low point...