Retail News

ragedrhino asked:


I heard about a news report that because a lot gasoline retailers are offering only ethanol blended fuel (e-85), that they are supposed to be charging 20 cents less per gallon because of the mpg reduction. Have You heard if this is true?… And why aren’t We making all of them do this?!

Alan F asked:


I heard nothing about Commerce Bank. I was wondering has the sumprime affected them? What type of bank is commerce bank, a retail bank? What rank are they relative to other banks? I never hear about Commerce Bank in the news, but I see it popping up slowly, spending ton of $ on their aesthetic blue looks, giving out free stuffs (pens), and having ton of employees, etc? How are they making $?

MISES.ORG asked:


Look at the circumstances that gave rise to the decision. A company called Leegin Creative Leather had a no-discount policy that came with its decision to sell to Kay’s Kloset. Kay’s didn’t honor that policy, so when it came time for a new deal, Leegin said no deal. Kay’s complained that the refusal of Leegin to sell hurt their business, which was all about a particular leather line that Leegin made. The courts ruled against Leegin, slapping them with a $1.2 million fine. In fact, the government was telling Leegin that it is a slave to regulation: it had to sell regardless of whether contracts on the other end were honored or not.
Folks, this is not free enterprise. Finally the Supreme Court agrees.
It’s not often I can say it, so enjoy: the Supreme Court did the right thing. It has reversed a century-old rule that criminalized retail price agreements. Good. Great. There are 10 million bad regulations to go.
Now, if you just happen to be reading over the Constitution, you will note that it does not give government power to tell manufacturers what the price of their products should be, or to regulate the terms of the contracts, much less provide a rationale for economy-wide price controls. In fact, if you were reading it for the first time, you might find the assertion that such a power exists to be preposterous on its face. Truly it is. The Constitution gives the federal government no power to regulate the details of economic contracts.
Now, is retail price maintenance a good practice or a bad one? Every producer wants the highest possible price, but it too faces a competitive marketplace. To maintain a high price in the face of expanding competition isn’t always a good idea. Downward pressure must sometimes be dealt with. So it might not be a good decision to enforce these types of agreements.
But the real question is: who is to decide? Should it be the government or the contracting parties? When the contracting parties decide, no one is hurt because all transactions, including those made by final consumers, are voluntary. When the government is involved, at least one party and sometimes several are compelled against their will to engage in transfers of property without their consent. Even if consumers benefit, it wouldn’t matter: one group is winning at another’s expense, which isn’t the market way.
The good news here is that this ruling will have an immediate impact on the marketplace. Producers might start to offer deeper discounts on their products. This way, retailers can save money in other aspects of their business. It could result in some restructuring that will benefit everyone from workers to consumers. It’s true that the marketplace has found workarounds to these rules in the past, but not without the high cost of regime uncertainty.
There is a broader point here about the Constitution. Clearly the federal government has no legal authority to be legislating or ruling on this subject at all. It is not only the regulation on retail price maintenance that is unconstitutional but the whole of the Sherman Antitrust Act, which, incidentally, is surely one of the most anachronistic pieces of economic legislation on the books. The entire law ought to be struck down, and Congress should make no other related to this topic.
June 29, 2007
Llewellyn H. Rockwell, Jr.

? ? ? ? asked:


I’ve just gone for a walk around my local mall and they’ve already strung up all the Christmas decorations and holiday items… in the middle of September! =O

Coincidentally, and almost ironically, I saw it featured in the 6 o’clock news later that night: “It’s beginning to look a lot like Christmas… in September.” It seems that MOST retail outlets and malls are taking advantage of this “Holiday Spending” bonanza… =(

They said it was to augment and help increase the profit for the annual Christmas / Holiday sales.

Personally, I’d be pissed when they do these things so early that it seems ludicrous and out of place… also, if they ever skip Halloween, I would go nuts (Halloween is one of my favourite holidays = candy)!

What’s your opinion on this? Would you do all your holiday shopping now? Does it really save you the money (like they said on the news)?

For all we know… next thing we might see is Christmas in July! =D

bandyemmie asked:


I just read a wal mart worker was killed this morning by a greedy mob. I wonder why this happened?

NEW YORK (AP) - A worker was killed in the crush Friday after a throng of shoppers eager for post-Thanksgiving bargains burst through the doors at a suburban Wal-Mart, authorities said.

At least four other people were injured, and the store in Valley Stream on Long Island was closed.

Wal-Mart Stores Inc. in Bentonville, Ark., called the incident a “tragic situation” and said the employee came from a temporary agency and was doing maintenance work at the store.

“He was bum-rushed by 200 people,” co-worker Jimmy Overby, 43, told the Daily News. “They took the doors off the hinges. He was trampled and killed in front of me. They took me down too. … I literally had to fight people off my back.”

Nassau County police said the 34-year-old worker was taken to a hospital where he was pronounced dead at about 6 a.m. The man’s name was not released and the cause of death was not immediately known.

A police statement said shortly after the store’s 5 a.m. opening time, shoppers “physically broke down the doors, knocking (the worker) to the ground.”

A metal portion of the door was crumpled like an accordion.

Shoppers around the country lined up early outside stores in the annual bargain hunting ritual known as Black Friday. Many stores open early and stay open late, and some of the most dramatic bargains are available in limited quantities.

Among the bargains offered by Wal-Mart for Friday were Samsung 50-inch high definition Plasma TVs for less than $800.

Witnesses told the Daily News that before the store was closed, eager shoppers streamed past emergency crews as they worked furiously to save the worker’s life.

“They were working on him, but you could see he was dead,” said Halcyon Alexander, 29. “People were still coming through.”

A 28-year-old pregnant woman was taken to a hospital for observation, and she and the unborn baby were both reported to be OK, said Sgt. Anthony Repalone, a Nassau County police spokesman. Four or five other people suffered minor injuries, he said.

Ellen Davis, a spokeswoman at National Retail Federation, said the group knew of no other incident where a retail employee has died working on the day after Thanksgiving.

Wal-Mart is working closely with police, company spokesman Dan Fogleman said.

“The safety and security of our customers and associates is our top priority,” Fogleman said. “Our thoughts and prayers are with them and their families at this difficult time.”

Apparently there was a shooting at a Toy’s R Us in Southern California. What the hell is going on in our world.

Tin Foil Hat Wearing Liberal asked:


I thought they said the tax rebates were to be spent on gas, food, and survival gear as the world was coming to an end?!
http://news.yahoo.com/s/nm/20080612/bs_nm/usa_economy_retail_dc
…that is until Obama gets elected of course.
Then he’ll inherit Bush’s 5.5% unemployment rate, 2% inflation rate, and 6% interest rates — THEN Democrats will say all those rates are just faaaaaaantastic!
HEY CJ: REmember when Clinton boasted 5.8% unemployment was GREAT! Why is 5.5% under Bush so bad?!
Oh and FYI: It was less than 5% up to a few months ago!

curvy_chick000 asked:


whats going on here? watchin the buisness news….ok yeah nothin else on. but the retail stores keep saying that they did badly this “black friday” and have done badly for the year..etc, bbbuuut the stock market reports realy good sales for retailers. are those big companies lieing (to the public)about how much they are realy making????? why ? what are they hiding?