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The Paradox of Thrift Replies |
nodoodahs
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Joined: 06 May 2005
Posts: 2408
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 Posted: Sat Nov 27, 2010 6:02 am Post subject: |
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Outlet mall on 290 outside of Houston was still packed around 5 pm Friday. Parking lot full, they were using the field near the lot for auxiliary parking with pigs directing traffic.
No, I wasn't shopping, but coming back home from LA (Louisiana. L.A. is Los Angeles, LA is Louisiana) and that mall is by the route.
Lake Charles LA shopping areas that I passed by on Friday looked very light however.
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HenryTo
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Joined: 06 Aug 2004
Posts: 11743
Location: Los Angeles, California
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| Posted: Fri Nov 26, 2010 4:44 pm Post subject: |
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| I guess the crowds thinned out by early afternoon? Was at Blick earlier getting some art supplies (20% off today)--didn't drag myself into a mall, though. Hope you had a happy Thanksgiving! |
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rffrydr
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Joined: 30 Oct 2005
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Location: Sunny California
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| Posted: Fri Nov 26, 2010 7:06 am Post subject: |
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Don't ask why but I was at Kohl's this am....3am. And it was absolutely packed! Check out line wrapped the whole store. Shrewd marketing coup here....no-one has to miss another BF sale so have the luxury of "pre-shopping." This seems to work exceptionally well with generic clothes and kitchen appliances.
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rffrydr
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Location: Sunny California
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| Posted: Mon Nov 15, 2010 11:19 pm Post subject: |
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The curious case of Mr. Wedbush:
http://www.latimes.com/business/la-fi-wedbush-20101116,0,6677554.story
| Quote: | | Neighbors say they've written letters, passed along bids from contractors and even lined up buyers for the home, all to no avail. The tarps remain. The 78-year-old Wedbush occasionally climbs onto the roof in bathrobe and slippers to rearrange them, neighbors say. |
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rffrydr
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Joined: 30 Oct 2005
Posts: 16939
Location: Sunny California
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| Posted: Wed Oct 27, 2010 6:01 am Post subject: |
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Final ironic proof that savings doesn't mean not spending:
http://www.usatoday.com/_ads/interstitial/2008/page/interstitial_new.htm?http://www.usatoday.com/money/economy/2010-10-27-RW_consumer27_ST_N.htm
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Purchases of TVs, jewelry, recreational vehicles and pet supplies are growing robustly, government data show. At the same time, spending on medical care, day care and education is down in the dumps.
"The rising tide isn't lifting all boats," says Carl Steidtmann, chief economist at the Deloitte accounting and consulting firm and author of an index tracking consumer spending.
He says higher-income and older households, helped by a strong stock market, are experiencing increased wealth and spending more. However, high unemployment is pulling in the other direction, depressing spending among people without jobs and those anxious about job security.
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| Quote: | •Pet supplies. Organic dog food, timed cat food dispensers and other high-end pet items are driving healthy increases in spending, says Bob Vetere, president of the American Pet Products Association. "People are cutting back on themselves more than they're cutting back on pets," he says.
Pet products illustrate how some consumers are going high end and others low end. Cheap pet food is selling briskly, reflecting the weak economy, at the same time costly items are thriving, he says. It's the middle of the market that's shrinking, he says. |
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rffrydr
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rffrydr
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| Posted: Mon Oct 04, 2010 11:03 pm Post subject: |
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rffrydr
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rffrydr
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rffrydr
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rffrydr
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Joined: 30 Oct 2005
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Location: Sunny California
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| Posted: Sat Aug 14, 2010 3:40 pm Post subject: |
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They spend to save rather than save to spend: how much really changes?
| Quote: | | AT the height of the recession in 2008, Wal-Mart Stores realized that consumers were “cocooning” — vacationing in their yards, eating more dinners at home, organizing family game nights. So it responded by grouping items in its stores that would turn any den into an at-home movie theater or transform a backyard into a slice of the Catskills. Wal-Mart wasn’t just selling barbecues and board games. It was selling experiences. |
Number one most popular emailed on NYT today:
http://www.nytimes.com/2010/08/08/business/08consume.html?pagewanted=1&ref=general&src=me
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rffrydr
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rffrydr
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| Posted: Fri Jul 30, 2010 7:48 am Post subject: |
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The "New Abnormal":
http://www.bloomberg.com/news/2010-07-29/americans-splurge-on-ipads-while-broke-in-new-abnormal-economy.html
| Quote: | | The new abnormal has given rise to a nation of schizophrenic consumers. They splurge on high-end discretionary items and cut back on brand-name toothpaste and shampoo. Companies such as Cupertino, California-based Apple, whose net income jumped 94 percent in its last quarter, and Starbucks Corp., which saw a 61 percent increase in operating income over the same time frame, are thriving. |
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rffrydr
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rffrydr
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