Quoted – Cash for Clunkers the Appliance version – MSNBC

Old washing machine in Bunratty, Ireland
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Quoted – Cash for Clunkers the Appliance version – MSNBC

Call it the “Cash for Kitchen (and laundry room) Clunkers” program.

If you have an old energy-guzzling refrigerator, air conditioner or washing machine you’d love to replace, it may be a good idea to wait until November when a cash-for-clunkers type program for home appliances begins to roll out across the country.

Scott Testa, a professor of business administration at Cabrini College in Philadelphia, believes the program will attract the interest of shoppers. “It will stimulate manufacturing jobs and retail jobs, which have been hit hard,” he said.


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Quoted – Retailer Smart Buys at Stupid Prices will shut all 22 locations – Fresno Bee

It's the economy, stupid!
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Quoted – Retailer Smart Buys at Stupid Prices will shut all 22 locations – Fresno Bee

Discount retailer Smart Buys at Stupid Prices is closing all its 22 stores, including the Fresno store that opened less than a year ago, according to the Fresno store’s manager.

Experts say the closure is proof that it takes more than low prices to make it in this economy. The Washington-based chain, which sells surplus and close-out merchandise from other retailers, has stores in California and Washington.

Employees at the Merced store — which opened in July — and the Stockton store confirmed that their locations will close as well.

Closing stores so soon after opening them is unusual, said Scott Testa, a professor who follows retail at Cabrini College in Philadelphia. He noted that he doesn’t have first-hand knowledge of what happened with Smart Buys.

“Opening stores in the summer and closing down completely in September tells me that … maybe they grew a little too quick, or maybe they lost some financing,” he said. “Those indications tell me that something horribly went wrong.”

When retailers run into financial troubles, they typically stop opening new stores and focus on becoming financially sound, sometimes closing underperforming stores, he said.

Midsized retailers have a tough time competing against larger chains, and Smart Buys may have faced some of the same challenges that the now-closed Gottschalks faced, Testa said. Such stores have less pull with manufacturers than large chains, he said.

“The smaller chains sometimes get stuck with the crumbs,” he said. “If there’s a hot product that a lot of people want, the Best Buys and the Wal-Marts of the world, they usually get first dibs.”


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Will Craigslist Have to Crack Down?

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South Carolina joins other states in calling for tighter Craigslist ad scrutiny, which could threaten Craigslist’s low-cost, laissez faire business model


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Quoted – Five Ways to Boost Online Advertising

US Online Advertising Spending, by Format
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Quoted – How to Boost Online Advertising – http://www.fuelnet.com/daily/online_advertising_tips/online-advertising-tips-2/

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Advertising – In Downturn, Marketers Still Rely on New Products

Advertising – In Downturn, Marketers Still Rely on New Products

Advertising – In Downturn, Marketers Still Rely on New Products

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