A New York Times article from earlier this week kind of freaks us out. Apparently you can go into a big-box store like Best Buy, Circuit City or Home Depot and haggle down prices. We would expect this kind of behavior to take place at a crafts fair or in an antique shop, but at big chain stores? Certainly,...
Yesterday Borders Group management announced that the bookseller is up for sale. A "difficult economic environment" has spurred executives to consider strategic alternatives, they said. We find it interesting considering that the company had a pretty good quarter, at least compared to how some retailers...
During Starbucks' investor conference yesterday Chairman Howard Schultz declared that the US economy is in a "tailspin" and introduced a number of ways that his company is going to combat this environment. This is the first big step by Starbucks founder Schultz since he returned as head of the company...