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...than half of American parents are trying to get their children to recycle the clothing they wore last year, summer growth spurts not withstanding. More parents are also controlling the purse strings and moving down-market for pants and shoes. Nearly 45% more consumers say they will shop at Wal-Mart for back-to-school items this year, according to Beemer's survey, and Sears picked up 33.3% more shoppers. "A lot of moms and dads are going to be buying back-to-school clothing in places their kids don't want to go," Beemer says. That's just what...
...Read "A Visit to India's First Wal-Mart...
...Forbes writer, chronicles how Americans' tastes, habits and families will change as gas prices rise. At $6 per gallon, he argues, traveling youth-sports teams will decide to stick close to home; at $10, gift cards will be biodegradable and have literal expiration dates; and at $14 per gallon, Wal-Mart will die, garbage trucks will shrink and U.S. manufacturing will be reborn. Steiner contends that sky-high gas prices will force the country to reorganize itself - we'll abandon exurbs in favor of cities and small towns - and drive us to consume less. He talked to TIME about...
...better that stuff will get more expensive? Won't the demise of Wal-Mart kick out of the middle class those who are now clinging to its bottom rung? Only if you define middle class as being able to buy a ton of peripheral stuff for next to nothing. What I think will happen is we'll see the ancillary kinds of junk - like throwaway furniture and gobs of plastic kitchen gadgets - fade out of our lives. The middle class will still have access to what truly makes life good: a comfortable home (but not a huge home), good education...
...cheap" is unsustainable. Right. It's a short-term fix. I talk about Ikea being the least sustainable company on the planet. That's a quote, I didn't say that. But the reason is that they rely on consumers to carry huge costs for the company. (Read "Wal-Mart vs. Target: No Contest in the Recession...