Word: store
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Amazon scored a huge win from both the surge in cybershoppers and a spike in the number of shoppers cross-checking online prices before purchasing at a bricks-and-mortar store. (Read "Black Friday Sales Were Encouraging, Retailers...
Though he doesn't know it, shop manager Zhu Baohua is on the front lines of the battle to reform the global economy. Zhu's three-floor electronics store, crammed with Sony TVs, Motorola cell phones and HP PCs, is located in a nondescript neighborhood in the western Chinese city of Xi'an. Far from China's dynamic coastal manufacturing and financial centers, Xi'an for decades has been an economic backwater known mainly as the home of China's famed terra-cotta warriors, reminders of the city's glory days as a capital of ancient dynasties...
...today, Xi'an is experiencing a renaissance. The locals who frequent Zhu's store have cash - and they're spending it like never before. On a recent Wednesday in late October, hospital worker Hao Jie, 40, is gleeful after dropping $1,200 on a 52-inch LCD TV for her new apartment, the keys to which she received only days earlier. Nearby, a soon-to-be-married young couple, Zhang Guopeng and Luo Xi, sizes up washing machines using a measuring tape. The two engineers are also shopping to fill up a new apartment, their first home together...
Harvard Square’s stores stuck to their normal opening times, but store owners said that more shoppers than usual flocked to search for deals...
Amanda Nazarian, a staffer at Harvard Book Store, also said that she saw fewer shoppers on Friday than on Saturday...