Word: weres
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Dates: during 2000-2009
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Take Jessica Laux, a 32-year-old mother of two in Pittsburgh, Pa., who shops regularly at Saks and Nordstrom. "I'm hopeful there's going to be similar deals as there were last year - and almost expecting it, given the current state of the economy," says Laux. She remembers...
But retailers are digging in their heels, insisting they won't slash prices to 2008 levels. Last year, retailers had loaded up on goods for the holiday season but were then hit with the collapse of Lehman Brothers, upheaval in the credit markets and the AIG crisis, which sent tremors...
But discounting can only go so far before it no longer makes financial sense. For this reason, promotions and price discounts will likely be strategically planned, not panic-driven as they were last year, says Howard Davidowitz, chairman of Davidowitz & Associates Inc., a national retail consulting and investment firm.
Over the ensuing months, as the prototypes were being developed, Russell Hornsby started surfing YouTube, and noticed something that reinforced his decision: a slew of videos starring hamsters. He figured his toys could also become YouTube hits, and they have. "When they are running on the wheels, going through tunnels...
In June, GM announced that it would sell or eliminate four of its brands, including Pontiac, Saab, Hummer and Saturn. "We've been very clear that those brands were going to be sold or shut down," said a GM official, who asked not to be identified. "The expectation is that...