Tag Archive | "retail sales"

In genuinely bad news for self-published authors . . .

Amazon, WalMart, and Target are in a book price war, further commodifying and cheapening the value of published books. WalMart started the war by offering ten upcoming bestsellers — including highly-anticipated tomes by Sarah Palin and Michael Crichton — at the incredibly low price of $10 each for pre-orders. Amazon responded by dropping the price [...]

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So what do those bad retail numbers mean?

Nothing, really. The media love dramatic headlines and terrifying opening sentences, so “the sharpest drop in retail sales this year,” sounds the perfect panic note. But it helps to keep that 1.5% drop in retail sales in some perspective. Last month, retail sales increased 2.2%, of which 1.7% was solely attributable to the Cash For [...]

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The Roundup September 15

Shop till you drop comes back in fashion! US retail sales climbed at the fastest rate in more than three years last month as the popular “cash for clunkers” car rebate programme succeeded in spurring a broader revival in consumer demand, official figures showed on Tuesday. Seriously, when you take out all the people taking [...]

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The Biz Roundup December 31

“Friends” don’t foreclose on friends on Facebook. A court in Australia has ruled a mortgage lender can use social networking site “Facebook” to tell one couple they’ve lost their home. . . . The court ruling means the law firm has satisfied the legal requirement of informing the two that their loan is in default. [...]

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The Biz Roundup December 27

How far can home prices fall? The sky’s the limit. The median home price in the L.A.-Long Beach-Glendale metro area is projected to fall nearly 25% in 2009 – the biggest drop in the country. (“10 Worst Real Estate Markets for 2009,” Fortune, December 24) Did Jack Skellington kidnap Santa so that Halloween-land could take [...]

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The Biz Roundup December 23

Take a number. The National Retail Federation called for three periods of sales tax-free shopping that would last 10 days each in March, July and October 2009. The trade group estimates that it would save consumers about $20 billion, or $175 per family. Under the industry group’s proposal, which would exclude alcohol and tobacco sales, [...]

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The Biz Roundup

That sucking sound you’ve been hearing all this last year actually was a recession :: It’s official: “The committee identified December 2007 as the peak month, after determining that the subsequent decline in economic activity was large enough to qualify as a recession.” And while you’re fixing the economy and the war and just about [...]

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Black Friday

It’s now official. Black Friday three days ago generated more in-store revenue than any other day in history: $10.6 billion dollars (as opposed to the previous record, $10.3 billion dollars last year). It also had the highest body count (three counting two shmoes who shot each other in a running gun battle in a Palm [...]

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