Word: stores
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Dates: during 2000-2009
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There are at least two answers to this question. One is that Americans with money are the kids in the global candy store; they want everything, and they buy everything, laying waste to the environment and helping enact political policies that help the rich get even richer. In this model, rich Americans will never give up their God-given right to buy a hulking new six-burner range even if they never cook...
...Harbor,” an excerpt of which appeared in The New Yorker’s Winter Fiction Issue. Last time he was in town, in 2006, he drew a crowd of 75 people to the Brattle Theatre, according to Heather Gain of Harvard Book Store. This time when he is in Boston, he will read at Porter Square Books on May 7. When asked about the reading, Ellen Jarrett, who is in charge of organizing events for the bookstore, says, “I am very hopeful for a good event...His first book was very popular. And based...
...year - roughly half of U.S. households - 34% have not gone to the doctor because of the cost, 31% have been out of work at some point, and 13% have been hungry. At the same time, 4 in 10 people earning more than $100,000 say they are buying more store brands, 36% are using coupons more, and 39% have postponed or canceled a vacation to save money. Forty percent of people at all income levels say they feel anxious, 32% have trouble sleeping, and 20% are depressed. After a season of big news, of war and storms and swindlers, pirates...
...channeling our grandparents, who were taught, like a mantra, to use it up, wear it out, make it do, do without. Now, if you can make it, you don't have to buy it: just replace the lawn with a vegetable garden, eat your fill and then store whatever is left. Sales of canning and freezing supplies rose 15% during the first three months of the year compared with the same period last year. Cough- and cold-remedy sales are down 9% because you can make your own chicken soup; vitamin sales are up, maybe because you hope...
What retailers do have is employees, and at this point way too many of them. Dillard's (DDS), which is not one of the largest retailers, lost 19% of its same-store sales last month. The company has 33,000 employees which means that it is not much smaller than Chrysler's US car operation. Rite Aid has 4,900 stores and it is in real trouble. If Rite Aid faced bankruptcy it would cause unemployment problems, but it could also trigger a destructive chain of events in the real estate industry by defaulting on store leases at locations...