Word: stores
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Dates: during 2000-2009
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...what's wrong with cheap, in a nutshell? Well, in a nutshell, it comes back to bite us in the ass. It's short-term gratification and long-term pain. Now, I'm a rabid bargain hunter. Ask my kids. When I come back from the store and I have four boxes of cereal, they know that cereal is on sale. I'm what behavioral psychologists call "deal prone." And yet I noticed this wasn't really saving me any money - in fact, it was costing me money. I went and looked at the data and found that since...
Late last week, however, Bed Bath & Beyond announced results that actually exceeded the expectations of Wall Street analysts, an all-too-rare event in the retail world. The retailer's profits rose 13.5% for the first quarter. While same-store sales still declined 1.6% - no reason to be jumping for joy in the aisles - many analysts figured the fall would be much worse, in the 4% range. What does Bed Bath & Beyond's improvement say about the state of the consumer psyche? If shoppers are more willing to spend their money on discretionary items like cushioned bath mats...
...June evening at a sprawling Bed Bath & Beyond store in New York City, a checkout line snaked around the corner as consumers hoarded pots, soaps and Cuisinarts. "Your home is your place of comfort, the only thing you can count on," says Tina Genitti, 21, while carrying a featherbed, a pillow and body creams to the checkout line. "A few months ago, I would have gone for the cheap featherbed. But I spent the extra $5 here because it's time for a treat." (See sustainable home furnishings...
Laura Champine, equity analyst at Cowen & Co., upgraded Bed Bath & Beyond from "sell" to "hold" after the latest results were announced. But she's not quite ready to predict a recovery. "Bed Bath & Beyond will have to start showing positive same-store sales if we want to call a bottoming-out," she says. At least the company is close. So guys, don't whine on your trip to Bed Bath & Beyond. Snatch that pomegranate-cider candle for $25. The fruity smell is quite delightful. And our economic future may depend...
...Shan is housed in a heritage building on several floors, each decorated with wooden screens, dangling lanterns and gilded birdcages in the Chinese folk manner. One room is decked out like a noodle shop, another like a Chinese wine store. Most fitting, considering the delightful show that comes with dining xiao chi-style, is the room that resembles a shadow-puppet theater. For reservations, call...