All Posts Tagged With: "previous year"
What are retailers discounting right now?
Jennifer McClelland | RSS | Mon, Oct 26 2009 | 1 Comment
Now that it is autumn, the leaves are changing and some of us are starting to think about what to get everyone for Christmas. There are a few things that retailers are doing now, before the prime shopping season, to draw in customers.
Discounts are going on right now on some of the summer merchandise that stores are trying to clear out. Right now you can get great deals on things like swimsuits, charcoal grills, and patio furniture. The source article does say that right now is a great time to get a lawnmower up to 40% off, but I don’t know. I went to purchase a lawnmower a week or so ago and it wasn’t on sale at all, as a matter of fact it seemed like it was more expensive.
Another thing is if you go to get a swimsuit now, you will likely be picking over what no one else wanted to buy throughout the season.
You can also find deals on last year’s models for new cars as well. At dealerships, you can get up to 20% off the previous year’s model.
This month, you can find discounts on clothes because the back to school sales have ended and sales people are trying to get rid of the racks of jeans that may have not sold.
Another good item to go pick up through the fall is the fruits and veggies that farmers are harvesting and there are ample amounts of. Fall veggies are some of the best in my opinion and this time of year is apple season. If you like apples, you can get your fill cheap!
Surprisingly, right now (before Black Friday) you can find pretty good deals on electronics. A couple of years ago, we actually bought our television a month before Black Friday. Then again, if you want a really big ticket item, you could wait to see what will be on sale for Black Friday. Usually starting around now, you can go to websites like bfads.net to see what items will be on sale at which store weeks before the ads actually come out.
Related posts:Wal-Mart is trying to get all the business this holiday season
Taking part in the Black Friday madness this year?
Retail stores want you to shop…now!
Tags: great time, new cars, fruits and veggies
T. Rowe Price announces job cuts
Jennifer McClelland | RSS | Wed, Apr 22 2009 | 0 CommentsShortly after T. Rowe Price Group’s financials for the 1Q came out (with a profit 68% less than the previous year) it announced that ti would be saying goodbye to almost 300 employees. Unlike other dismal financials coming from similar firms, T. Rowe Price actually posted a $48.2 million profit (19 cents a share), this number was obviously not what it was looking for however, coming from a $151 million (55 cents a share) profit from the same quarter 2008.
Analysts that were polled by Reuters were expecting an earnings of 19 cents a share on a revenue of $387.2 million.
The jobs that will be cut from the company are mainly in telecommunications, processing and technology departments. In those departments lower amounts of work has led to overstaffing.
This is just one of the cost cutting measures from the company, as it plans to reduce expenses by as much as $120 million by the end of the year.
Related posts:Sprint lost nearly half a billion dollars in the third quarter
Apple’s earnings are way up for the fourth quarter
Wells Fargo’s profit nearly doubles in the third quarter
Tags: technology departments, previous year, earnings
Has luxury has lost its luster?
Jennifer McClelland | RSS | Sun, Dec 21 2008 | 0 CommentsSales are down across the board for many luxury goods retailers. Now, more than in previous years, it has become looked down upon to flaunt wealth, even for those who are still wealthy.
In places like New York’s Fifth Avenue retailers are putting their luxury brands on sale…something they didn’t have to do last year. Consumers are also having to make concessions when it comes to purchases from these stores also.
Here’s a video from the AP
Has the recession created a lost generation?
Tags: consumers, previous year, dow
