Word: stores
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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...
...when it's marked down. No one ever pays full price for a mattress. There's actually been a lot of litigation around mattress prices because they set those reference prices very high to make you think that you're getting a good deal. In fact, often a department store will put one mattress on so-called "sale" and raise the prices of the other mattresses so it makes it seem that that mattress is cheap. The only mattress they really expect to sell is that mattress on sale...
...write about how working on the book has changed the way you shop. Are you spending less now that you're not focused on buying stuff just because it's on sale? I absolutely am. It's incredible. I bought mulch, just last week, from my local hardware store. It's more expensive than going to Home Depot, where I used to get it, but the guy there could direct me to exactly the type of mulch I wanted, he carried it to my car, it's much closer, and I got exactly what I wanted in the right amount...
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...