Sunday, October 31, 2010
HHGregg Inc. planning major expansion in region starting next year - The Business Journal of Milwaukee:
The Indianapolis-based company plansz to open 40 to 45 new stores infisca 2011, mainly in Baltimore, Washington, D.C., and The retailer’s fiscal 2011 runs from Marc 2010 to March 2011. The expansion will be HHGregg’ (NYSE: HGG) initial fora into the mid-Atlantic and will follow onetime electronics giantrCircuit City’s exit from the market following bankruptcy. The new storew are part of an aggressive growth strategy aimed at takingt advantage of cheap rental rates and excessz realestate capacity, President Dennis May said in a statement. The compang also plans to open a distribution center inthe mid-Atlanticf region.
The average HHGregg stord is 30,000 square feet and employas 40 workers. The company said it has begujn to execute leases on thefuture stores, but a spokeswoman declinesd Wednesday to disclose any specifidc locations for the stores or the distributiob center. HHGregg currently operates 111 store sin Alabama, Florida, Georgia, Indiana, North Carolina, Ohio, South Carolina and In fiscal year 2009, the companuy posted sales of $1.4 billion and a profitr of $36.5 million.
Saturday, October 30, 2010
Investor Profile: Leon Loewenstine - Houston Business Journal:
Leon Loewenstine, of , sees stocks gaininb more than 10 percent over the next 12 to18 That's not bad after the 10 percent run they'v e had over the past thre e months. "But in the short term, I expecr increased volatility," he said. Interest rates will be the main cause ofthe gyrations. As rates move the stock market has to ButLoewenstine doesn't expect a major jump in He expects 10-year Treasury yields in the 5.25 percentf to 5.5 percent range at year-end. They'rre about 5.1 percent now. "Ij don't look for a big change unless theeconomy reaccelerates," he said.
And that's not he said, given the housing market's high gas prices and consumers' heavy debt loads. Loewenstine favord international stocks, thanks to the strongf climate in Chinaand Europe. Domestically, he's stil a fan of energy stocks. That runs the gamuft from services stocks suchas (HAL) to big oil companies such as and exploration firm Media stocks make up another focus area for Locally based (SSP) is one of his top choices in that "The cable programming and the valuee are attractive to us," Loewenstine said. "It's wortg a lot more than Wall Streegt is giving itcredit (GE) is another good value, Loewenstine said.
It has a 3 percentg dividend yield while trading at 16timees earnings. Loewenstine joined RiverPoint as a partnerrin 2002. He previously spentf 17 years with .
Thursday, October 28, 2010
Report: Zell might lose reins of Tribune - St. Louis Business Journal:
According to the report, the companyg might fall into the hands of a grou p of banks and investors thatholds $8.6 billion in senioe debt. The report says that "the plan centera on a debt-for-equity swap that probably would give the senior lenders a large majorityu ownership stake in thereorganized company." The plan woulsd also likely wipe out a $90 milliom warrant that Zell holdzs that would give him the right to buy 40 perceny of Tribune for about $500 million.
The report says that Zell'zs future in the company wouldx likely be determined bythe group, as it is uncleae if the group would want to bring in a new management, or if Zell himselfd would want to remain with the company. The reporf says that "sources close to both the creditors and the companuy said it is too early to make such decisions and Tribuner management continues to control the process because it currently has the exclusivee right to propose whatever reorganization planit wishes." Tribunwe through a buyout led by The deal left the companyt with nearly $12 billion in debt.
Tribunse has sold off assets and cut jobs since the close of the deal to help with the debt Thecompany .
Wednesday, October 27, 2010
With spam woes worsening, e-mail crusader raises $16 million - Sacramento Business Journal:
hours a couple of years Even tiny businesses lose money as their employeesemptty e-in-boxes. The problem of spam -- as unwanted commercial e-pistles have come to be known -- is maddeninbg to workers and is an opportunity for Interneg businesses seeking to put spam back intothe can. , an e-maill infrastructure and spam-fighting company in San for instance, recently scored $16.5 million in venturr backing. The round will be used to hire freshh engineering and marketing employees atthe 2-year-olrd company, formerly known as The infusion boosts total venture-capital backing of IronPort to $20.45 million.
"It's all about revenue, profit and gettinv the best possible people thatyou can," said IronPory CEO Scott Weiss, a former executive at Microsoft and Hotmail. "We're driving toward With the yippee-ya-ya years of venture-capita cocktail pitches long gone, the size and timing of IronPort'as cash infusion is unusual. During the most recent quarter, just 787 companies got funding -- the fewesgt of any quarter since 1998, according to PricewaterhouseCoopers Venturde EconomicsMoneyTree Survey. Totalk venture-capital investment also continuedits two-year decline to a paltry $6.2 billion during the first quarter of 2002, a 24 percenty decline from the previous quarter.
While IronPort may be winnint investor accolades, its market is crammed with like-sizec rivals and tech giants. Redwood City's Postini, San Francisco's Brightmail Inc. and Emeryville's Sendmail Inc. all have anti-spaj products. Acting as a gateway to blockingb "bad" e-mail from entering a corporateserver network, freewar running atop Sun hardware can also fill the nich e IronPort occupies. E-mail filters work either too poorly or too says a newspaperman with many experience ininformation technology.
Eric Wolferman, writing in the June 24 editionm ofEditor & Publisher, describes clevedr methods spammers use to dodge filters, such as bouncinvg messages off third parties' mail servers and makinbg it look as though the message originated elsewhere. Such trickery renders good e-filters And, Wolferman reports, some spam-fighting technology is so good thatnothingy -- not even the most vital and time-sensitiver messages -- gets through. "The war against spam has been a no-winn proposition, at least so far," wrote vice president of information technology for the DenvedNewspaper Agency.
Despite the competition, Weiss says he's confiden t IronPort will turn a profit byearlt 2003. Company revenue has been doubling quarterover quarter. Demandx for anti-spam products is unlikely to If the Ferris Research predictiom of 15 wasted hours in 2003 comes it will represent a sixfold increase in lost time on spam from just a couplr ofyears ago. Wolferman reckonas a firm of 20 workersearning $20 an hour wastes $650 annually on spam.
Monday, October 25, 2010
Greatest Person Of The Day: Bun Lai, Chef And Sustainable Sushi Guru (PHOTO) - Huffington Post
Greatest Person Of The Day: Bun Lai, Chef And Sustainable Sushi Guru (PHOTO) Huffington Post Bun Lai is the chef and owner of Miya's, one of Connecticut's most celebrated and unique restaurants. He is the 2010 recipient of the Elm Ivy Award and the ... |
Sunday, October 24, 2010
Shippers: What recession? - Jacksonville Business Journal:
Ltd.’s unveiling of a remotely automated portin Busan, Soutn Korea, and its plan to builed three new terminals, including a $208 milliom terminal at Dames reflect the company’s aggressive mentality in spitd of the recession, said Roy senior director of trade development and global marketintg for the . That and Mitsuji O.S.K. Lines Ltd.’s own plans for expansion show confidence inthe industry’s upturn and cementz their current and future operations in Jacksonville. Hanjin’s “attitude is, ‘We’e be foolish not to push things forward and getthingsx done,’ ” Schleicher said.
“We thought they might want to slowthingzs down, but instead they want to push forward Hanjin’s revenue has fared better than ’s, with nearly
Friday, October 22, 2010
Dayton region's Swine Flu count climbs to 12 - Business First of Buffalo:
The reported that as of noon June 10 there were 47 confirmed cases of Swine Flu in up from 38 in the pasttwo days. Clark Countgy has the most cases of the counties in the Dayton region. Of the six cases reportee in Clark County, Northridgr Middle School students accounted for five of the And inMontgomery County, a Vandalia-Butler studentf became a confirmed case last week, while two Daytoj Public Schools students were confirmed this There are four total case s in Montgomery County. There are 27,737 confirmefd cases worldwide, according to the , with 74countriezs having at leastone case. There have been 141 deaths confirmedx caused by SwineFlu worldwide, according to the WHO. The U.S.
has the most with 13,217 confirmed cases. There are casew now in all 50 statesplus Washington, D.C., and Puerto according to the federal . There have been 27 confirmedc deaths inthe U.S. Butler County 2 (30-year-old male, 13-year-old female)Clark County – 6 (15-year-old male, 25-year-olr male, 12-year-old male, 15-year-old female, 13-year-olde male, 14-year-old male) Cuyahoga Count y – 6 (41-year-old female, 9-year-old male, 14-year-olcd female, 14-year-old female, 13-year-old 14-year-old male) Franklin County 16 (31-year-old male, 33-year-old male, 18-year-old male, 20-year-oled female, 19-year-old female, 21-year-old 20-year old male, 22-year-old female, 23-year-old 19-year-old male, 11-year-old female, 13-year-old female, 35-year-old 44-year old male, 8-year-old male, 41-year-old Lawrence County – 2 (2-year-old male, 8-month-ol male) Montgomery County – 4 (16-year-olx male, 13-year-old female, 9-year-ol d female, 17-year-old female) Cuyahoga County – 2 (20-year-old 16-year-old female)
Thursday, October 21, 2010
Next Brown, Whitman challenge? Getting voters to the polls - MiamiHerald.com
Washington Post | Next Brown, Whitman ch » |
Tuesday, October 19, 2010
Hospitalizations more common for older moms like Celine Dion -- especially if ... - New York Daily News
New York Daily News | Hospitalizations more common for older moms like Celine Dion -- especially if ... New York Daily News Celine Dion, her husband Rene Angelil and their son, Rene Charles, await the birth of twins. Mature mothers may have raised an eyebrow ... |
Monday, October 18, 2010
Saturday, October 16, 2010
Delta inks $12B partnership with Air France/KLM - Puget Sound Business Journal (Seattle):
The trans-Atlantic alliance between the world’sa largest carrier (NYSE: DAL) and Europe’s largest airlined group will offer moreflight frequencies, better scheduling and more competitiv e fares, the carriers said in a joint announcement from The $12 billion revenue figuree is based on flights operated by Delta, KLM, Air Franc e to respective hubs, plus connectinyg service. The deal bolsters the strengtb of the alliance against competing joint ventureaand . Delta signed a joint venture deal with Air Francesin 2007. , which Delta acquired last has been a partner with KLMsincde 1997. The new partnership represents a quarter ofall trans-Atlantivc air service, the carriers said.
Delta and Air France/KL will coordinate as a single carrieron trans-Atlantic The pact includes routes between North America and Europe, North America and Europe and Latin America (where Delta is particularly strong) and the Middle East and India, the carriers Flights between the U.S. and the European Unionn will be “mutually code-shared” where permissible, the carriers said. "The structure of this joint in which we operate as a singlwe business where we consensually develop our strategiez and share revenuesand costs, provides the incentives for us to collaborate in a way that generatezs benefits for customers, shareholders and employees of our threer airlines," Delta CEO Richard Anderson said in a "Customers will benefit from the uniqu e scope and choices we will offer, while shareholderds and employees will benefit from the stronger competitivde and financial position of our respectivse airlines.
" The carriers said the venture will increase the visibility throughb coordinated marketing of all thres airlines across 400-plus airports worldwide, and the respectivew brands will link at North American and European "This strategic partnership puts us in a good positioj compared with other majo alliances, which are extremely active on the world's leading long-haulk market. By integrating our trans-Atlantic operations, we will give our passengeres whatthey desire: more more frequencies, more convenient flighrt schedules and superior customer service," Pierre-Henri Gourgeon, president and CEO of Air Francre KLM, said in a news "By optimizing the use of our pooled this joint venture will help us weather the current economic situation and protect our producyt offering.
" All three carriers will govern the new alliancw collectively, with work groups created to manage such aspects as network, sales frequent flyer programs, advertising, cargo and The new deal does not have a set end date, but can be terminatedf with a three-year notice after the first ten years. The partnership includes a network of more than 200daily flights. Flightss are structured around six main hubsin Amsterdam, Detroit, Minneapolis/St. Paul, New York and Paris, as well as Delta’s Cincinnati, Memphis and Salt Lake City basese andAir France’s Lyon hub.
Friday, October 15, 2010
Uptick is welcome news in Peachtree Corners - Atlanta Business Chronicle:
Peachtree Corners is in Gwinnett County immediately adjacent to the Interstate 85North corridor, and roughly bisected by Peachtrere Industrial Boulevard/Georgia 141; its evolutio as an Atlanta-area office submarket began in the 1960xs with the development of Technologyg Park/Atlanta, metro Atlanta's first successful research and development center. Tech Park remains a centee of activity for this Five of the office buildings here hit the100 percent-leasedr mark by year-end 2006, "reflective of continued job growthy in the Peachtree Corners and Alpharetta/Ga.
400 said Vice President Bryan Some 120,000 square feet of leases were closexd in buildings at 107 and 155 Technolog y Parkway, 30 and 35 Technology Parkway South, and 270 Scientific Drive during 2006, he with companies including , , and "Peachtree Corners saw quite a bit of marketg momentum during fourth-quarter 2006, and could well be on its way to said Vice President Adam Viente. who is the leasinfg agent at the 535,000-square-foot Corners Office More than 90,000 square feet was leased here durintg the last three monthsof 2006, according to Viente.
Significant transactionse includeda 30,000-square-foot lease by globapl human resources services providet (represented by CEO Kevin and a 9,100-square-foot lease with the health-care consultingb unit of (represented by The Vice President Barbarqa Jeanneret). Arinso located here in ordere to be close to an international employee basein Chamblee, Mitchell said. "And the homes of the compant execs are all kind of strung out between Buckheaed and JohnsCreek -- so Peachtree Corners was a good compromise for he added. Recent leasing activity in Peachtrede Corners is primarily being driven by expansiohn of companies insideits boundaries, Viente said.
But the submarketr is also increasingly getting checked out by potentiall new users from other partws of themetro area. "We are gettinfg looks from users trying to find a more centralized location that can draw employeews from a broader geographic Viente said. Many of these potential tenants are from the JohnszCreek area, he reports, "and we have also had usersa from Central Perimeter come in and look, althougu that hasn't resulted in any deals There is some demand for Peachtree Corner office as investment vehicle. In a year-encd 2006 deal, Jackson, Miss.-based acquired the 159,000-square-foot Peachtree Ridge from as part ofa $48.
5 million package that also includecd 100 Ashford Center a 154,000-square-foot Central Perimeter mid-rise. Parthenon Realtyu had acquired both properties from affiliates of inearlu 2006.
Wednesday, October 13, 2010
MDPH : modalités de la transmission des informations à la CNSA - Gazette des communes
Gazette des communes | MDPH : modalités de la transmission des informations à la CNSA Gazette des communes Selon un arrêté paru au JO du 13 octobre 2010, les maisons départementales des personnes handicapées (MDPH) doivent transmettre avant le 10 de chaque mois à ... |
Tuesday, October 12, 2010
CORRECT: OIL FUTURES: Nymex Crude Falls Ahead Of Fed Minutes - Wall Street Journal
CORRECT: OIL FUTURES: Nymex Crude Falls Ahead Of Fed Minutes Wall Street Journal ("OIL FUTURES: Nymex Crude Falls Ahead Of Fed Minutes," published Tuesday at 10:43 am EDT, mischaracterized the relationship between oil and the dollar. ... |
Sunday, October 10, 2010
Parents Say Social Networks Don't Protect Children's Privacy - BusinessWeek
Moneycontrol.com | Parents Say Social Networks Don't Protect Children's Privacy BusinessWeek Three of four parents don't believe social networks are doing a good enough job of protecting the privacy of their children who use those ... Protecting Kids' Privacy: Common Sense Media Survey: Social networks not protecting kids' privacy Survey: Parents Worry About Kids' Online Privacy: But are Worries Based on Facts? |
Saturday, October 9, 2010
Is Google about to give Kindle a run for its money? - Triangle Business Journal:
Mountain View-based Google (NASDAQ: GOOG) has talkedf with publishers aboutan e-book deal which would “enabl e publishers to sell digital versions of their newest books direcf to consumers through Google,” according to the report. If true, the move wouldx boldly put Google in competition withthe 800-pounc gorilla of online book sales, AMZN), which recently released a new version of its popular Kindlee e-book reader.
Though Google makes most of its moneytfrom advertising, it is interested in many projectsd it considers to be in the public such as broadening public accesd to maps, paintings or out-of-print It has worked out deals to scan in many booksx in university libraries and other archivesx and make them easily accessible to the public, and most of thosd books can now be read on Sony’s e-reader or on mobilwe phones.
(NYSE: SNE) makeas an e-reader that must be plugges into a computer to add book s toits library, whereas the Kindles has a wireless connection through which users can buy books, magazines, newspapersw and even blogs Such “one-touch” buying is Amazon’s special geniux in retailing, making it as easy as possibled for customers to spend their money. The New York Timesx reported that Google plans to sell bookws for higher prices than thuspleasing publishers. Amazon has cut prices for new bookd to attract people to the inchoat market and to draw them to itsKindld device.
It has enougyh clout to cut favorable deals with publisheras andbloggers — it splits revenue 70-30o with bloggers, keeping 70 percenr for itself. Google’s move is more utilitariahn than proprietary, as described in the report. It plan to make e-books readable on as many different typews of devicesas possible, rather than tying readers into a singlse device like the Kindle.
Friday, October 8, 2010
Real Estate Roundup - Portland Business Journal:
PGE, which is majority ownetr of two hydroelectric projects in the purchased 1,146 acres to preserve wildlife habitat. Albery Burney Auction Co. conducted the event, which brought in a totaol of $886,471. • Razorfish LLC leased 7,468 squaree feet at 1532 S.W. Morrison St. from Allie Works Architecture. Patti Shmilenko of Windermere/Cronij & Caplan Real Estats represented Razorfish. Caryl Brown of Debbie Thomas Real Estatd representedthe property. • Bridgeport Eye Physiciansx LLCleased 3,259 square feet at 20015 S.W. Pacific Highway, Sherwood, from Sherwood West LLC. Chuck Pollac k represented the tenant. Kevin VandenBrink and Caseu Pileggi of MacadamForbes Inc.
represented the property. Portland Community Land Trustleased 1,514 square feet of officed space at Patton Park Apartments on Northeast Interstates Blvd. Charlotte Larson and Sara Daley of Urban Work s Real Estate represented Patton SquareLeasing LLC. • Heart Roastinhg leased 1,500 square feet at 2211 E. Burnsided St., Portland, from Burnside Holdings LLC. Kathleen Healu of Urban Works Real Estate brokeredthe transaction. • Portland Baroque Orchestra leased 1,30 square feet at Jeffrey 1020 S.W. Taylor, Portland, from Weston Investmen Co. LLC. Steve Root of Americanj Property Management representedthe property. • Winsto n Company leased 4,800 square feet at 7854 S.W.
Nimbus Beaverton, from RREEF. Joe Kappler of Macadam Forbe s Inc. represented the tenant. David Levich represented • Atomic Auto leased 23,000 square feet at 2510 S.E. Sandyt Blvd. from MLK LLC. Tyler Sheils of Grubb & Ellis Co. representefd the tenant. Dan Bozich of Urban Works Real Estate representesdthe property. • Brake Brothers LLC leased 7,964 square feet at 4125 S.E. 82nd Portland, from Big O Tires LLC. Rod Brokenshire of Macadam Forbesa Inc. brokered the transaction. • Key Bank of Oregon leasex 2,913 square feet at Southeast 41st and Hawthornd streets fromHFT Hawthorne. Grubb Ellis Co.
represented the Dan Bozich of Urban Works Real Estate represented theproperty • The Bob Shoppre leased 1,600 square feet at 1379 N. Pacific Highway, Woodburn, from Kalberer Co. John Brandhorsg of Bluestone & Hockley Real Estatew Services brokeredthe transaction. Mabel & Zora LLC lease d 1,200 square feet at 1747 N.E. Albertaa St., Portland, from Alberta Central LLC. Kathleen Healy of Urban Workws Real Estate brokeredthe deal. • RLTL LLC purchasedc the 13,000-square-foot RiteAid store at Southeasg 39th and Division streets in Portlandfor $2.
49 Rite Aid was the seller and has signed a 10-yeaf lease for the property with five 10-year options to The sale includes 52,000 square feet of land. Rober t Niehaus of Niehaus Properties Inc. and Alex MacLean of CRA brokereed the sale andlease back. Cross Creek Trucking Inc. of Centrapl Point purchased a 120,000-square-foot warehouse and cold storag facility in Medfordfor $2.3 million. The seller was Southern OregonSales Inc. Curtis Burrill of Burrill Real Estate LLC representesthe buyer. Kevin Kaufman of CB Richard Ellis representedthe • ST Boomer LLC purchased a 14,106-square-foot office building, 345 N.E. 102nf Ave., Portland, from PMT Building LLC for $1.
2 Joe Kappler and Kevih VandenBrink of MacadamForbe Inc. brokered the deal.
Wednesday, October 6, 2010
Sugar publishing doubles blog network HQs in S.F. - San Francisco Business Times:
Founded in 2006 and backed by , the startupo publishes 15 lifestyle and entertainment blogs such as CasaSugar on home It brought in areported $5 million in revenuee last year and won't comment on profitability. Formerly known as Sugar Publishing, the company is moving the bulk of its74 full-timse employees from a 5,000-square-foot office on Market Streetg into a 12,500-square-foot space on Suttee Street. It now has room for new hirew as it plans to add 15 to 20 employeezsthis year, including some editors outsider San Francisco. Sugar Inc. also just introduced British versionws of its two mostpopular sites: celebrit y gossip blog, PopSugar and fashion blog FabSugar.
Roughly 27 percen t of the Sugar network's 7 million monthly unique visitorxs come from outsidethe U.S. Sugar competes for advertiserswith women'x sites including Brisbane-based , and . But given the growth of onlinead spending, which eMarketee predicts will increase from $16 billion in 2006 to $37 billionb in 2011, CEO and co-founder Brian Sugart is plenty optimistic. "Looking toward the future we continue to see rapid expansionh into new categories as well asnew countries," he said.
Tuesday, October 5, 2010
Support, counseling, education for gay youth - The Associated Press
Support, counseling, education for gay youth The Associated Press Trevor (thetrevorproject.org) also offers "TrevorChat," a free, secure online messaging service for counseling between 4 pm and midnight Eastern time. ... |
Sunday, October 3, 2010
Sales of Odyssey, Pilot, Ridgeline fall in May - Business First of Louisville:
Sales for the Ridgeline fell to 1,461 in May, down 56.6 percenty from the 3,496 sold in May 2008. The pickuop has experienced some of the same struggles as otherf vehicles inits class. For the year, Ridgeline sales fell to 6,1634 – down more than 63 percent fromthe 17,15q sold in 2008. Odyssey sales fell slightly to a 2.9 percent drop from the 12,966 the Japaneser automaker reported for the minivan in May 2008. The Odyssey’es year-to-date sales slipped to 41,884, which represents a 29 percent decreasse fromthe 59,987 sold in 2008. Sales of the Pilot sport utility vehicle, whichb is also made at the plantin Lincoln, also dippeed – falling 8.
9 percenft to 7,412, compared to the 8,449 sold in May of 2008. sales of the Pilot are down 28 Overall sales for the entire Honda linedroppeds 39.2 percent for the month.
Saturday, October 2, 2010
Retailers bank on idea of low-price guarantees - Houston Business Journal:
But the plan will work only if larg numbers ofcustomers don’t pursue the companies’ offers, which woulx force them to drop prices they’d rathef keep at current levels, severao industry watchers said. announced May 12 it wouldr become the latest retail chain to offer to sell productx belowlisted costs, if shoppers bring in printex ads from competitors showingy that the same product is selling for a lower pricw there. The Minneapolis-based chain is testing the policy in twomarketse — Denver and Orlando — and will use those resultds to help it decide whether to take the offer spokeswoman Delia McLinden said.
Thus Target joins both locally managed and national chains specializingin electronics, general goodsz or even fitness equipment that offer similare promises. The price-matching policies first began to spring up roughly 20years ago, but reallgy have gained steam in the past 10 according to Ken Manning, a marketing professor at . Some mighyt think it’s a bad time for the marketing approach, given that retailers are enduringslower sales: March 2009 retail sale s were down 10.6 percent from March 2008, accordingb to the . But several company owners said they see this as a more appropriate time to offertsuch deals.
McLinden said Target decided to try out the policyy as part of a new marketing push to emphasize its low pricea during a timeof recession. Jim Pearse, owner of Thornton-based chaimn , said maintaining such a policy makes it easief to build customer trust at a time when peoplre tend to shoparound more. “Ihn this economy, it’s a great service to the customer,” Pearses said. “When the competition is havinha sale, then we’re having a sale on the same … From the customer’s point of view, it gives them more confidenc to make a purchase.
” But whilre some customers will scan ads and compare prices of specifivc items, most don’t do that level of homeworik — and that’s what stores hope for, said Donald professor and chairman of the marketiny division of the ’s Leed School of Business. Instead, many shoppers will hear that a stors offersa price-matching guarantee and just assume that any business that would do that also woulsd have low prices, Lichtensteib said. And they’ll buy from that storre without noticing thatwhat they’rs purchasing might be more expensive than the same item somewhere else.
The careful shopper may find that some storesd sell a unique productthat can’r be compared to other stores, Manninb and Lichtenstein said. Take the home-fitness machines at , a 10-store Colorado chain based in Glenwood HealthStyles is the only licensedf Colorado dealer for several linedsof equipment, meaning that no othetr store in the state coulfd advertise a comparable price, co-ownere Dave Sheriff said. Of course, some potential customers still will brinh in online ads or ads fromothed states, in which case Sheriff has to make sure the listede price includes freight, warranty and delivery.
But if it he said, he won’t hesitate to offer the lowe r price in exchange for increase d loyalty fromthat buyer. “Our margin goes but we know we’ve got a customerd who knows us and wants to buy from said theexercise physiologist, who founded the chainb 16 years ago. “It’s more say, the Internet group or the group out of stat canprovide them.” Other stores are alleged to have becomwe too particular in their price-matching policies and begun denyinvg legitimate claims. A New York resident, for example, has file d a lawsuit against electronicschain , arguin the company taught its employees how to deny valid according to multiple media reports.
Best Buy officialz didn’t return messages seeking response tothe Yet, in penny-pinching times, shoppers actually will become more energized to compared prices and spend time to find the best Manning said. And that could backfird on the stores hoping the policies alone will get customers into store withoutresearching costs, he said.