discounts

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Slump in TV Sales May Push Smaller Makers Out

Likes of Hitachi, Pioneer don't have staying power of Sony and other giants

(Newser) - A steep decline in demand for flat-panel TVs could push smaller manufacturers out of the market, the Wall Street Journal reports. As the economy sours and larger makers achieve economies of scale, the price gap between top brands and cheaper rivals has shrunken dramatically. The top five makers accounted for...

Storms Threaten to Wipe Out Retailers' Last Hopes

Double whammy for desperate stores struggling to sell in last holiday week

(Newser) - Retailers were extending hours and cutting prices deeper in a last-ditch attempt to attract a final wave of holiday shoppers and mitigate the impact of major storms in the Midwest, Northwest and Northeast, Reuters reports. Some two-thirds of shoppers still have holiday shopping left to do, according to surveys, but...

Sorry, Kids: No $99 iPhone at Wal-Mart

(Newser) - Rumors that Wal-Mart would offer an iPhone for $99 after Christmas proved unfounded, but the genesis of a misunderstanding that swept through business news outlets is intriguing, Fortune reports. Wal-Mart will indeed sell iPhones, and at a discount—a whopping $2 off list price. But a blogger’s report of...

Airfares Dip on Last-Minute Holiday Trips

Ugly economy pushes demand down, along with price of fuel

(Newser) - With many consumers too concerned about their wallets to make pricey trips, airlines are, for the first time in memory, lowering prices before the holidays, the Chicago Tribune reports. The reversal of convention is allowing late buyers to scrounge tickets for as much as $200 less than travelers who locked...

99 Cents Only Hikes Prices, But Only by 0.99 Cent

Discount chain follows 2 bum quarters with extra 99% of a penny

(Newser) - The store where nothing costs more than 99¢ has become the store where nothing costs more than 99.99¢, reports the LA Times. The top price at 99 Cents Only will go up by 99/100 of a penny this month, say executives at the discount chain, who blame inflationary pressures....

Consumers Are Quickly Trading Down
Consumers
Are Quickly Trading Down
Jul 11, 2008 12:26 PM CDT

Consumers Are Quickly Trading Down

Switch to cheaper goods is broadest since early '80s

(Newser) - As fuel prices and home foreclosures steadily rise, Americans are trading down in everything from automobiles to their lunch options. That's not unusual in an economic downturn, but the speed with which it's happening is, the Wall Street Journal reports. And the flight to the affordable and generic is affecting...

Venice Bar Uses Discount to Lure 'Poor Yanks'

Old Hemingway haunt bucks up faltering dollar with 20% off

(Newser) - Harry's Bar in Venice has offered hospitality to tourists and expatriates since the days of Ernest Hemingway. But in recent months Harry's has noticed a sharp drop in the number of Americans showing up at the home of the Bellini cocktail. So restaurant owner Arrigo Cipriani has a novel solution:...

Retailers Await Last-Minute Gift From Shoppers

Procrastinators find big sales, long lines

(Newser) - Last-minute shoppers navigated long lines over the final pre-Christmas weekend, nudging retailers toward the modest growth in sales they’d expected. Deep discounts cut into profits, but retailers like Macy's and Kmart stayed open around the clock to accommodate shoppers, the Wall Street Journal reports. “The procrastinators finally got...

Black Friday as Bargain Hunt
Black Friday as Bargain Hunt
Nov 24, 2007 7:17 AM CST

Black Friday as Bargain Hunt

Thrifty shoppers crowd malls nationwide

(Newser) - On the traditional first day of the Christmas season, shoppers swarmed stores, as always, but the mood was less festive than anxious, reports the New York Times, as consumers flocked to discount chains, and hunted down bargains. Beset by worries about gas prices, adjustable-rate mortgages, and a skittish stock market,...

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