<?xml version="1.0"?><rss version="2.0" xmlns:dc="http://purl.org/dc/elements/1.1/"><channel><title>DailyFinance.com</title><link>http://www.dailyfinance.com</link><description>DailyFinance.com</description><image><url>http://o.aolcdn.com/os/df/2013/img/2-dailyfinance_logo_m.png</url><title>DailyFinance.com</title><link>http://www.dailyfinance.com</link></image><language>en-us</language><copyright>Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only.</copyright><generator>Blogsmith http://www.blogsmith.com/</generator><item><title>Walmart, Kmart, Sears and eBay Offering 'Real' Online Shopping</title><link>http://www.dailyfinance.com/2011/11/18/walmart-kmart-sears-and-ebay-offering-real-online-shopping/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/18/walmart-kmart-sears-and-ebay-offering-real-online-shopping/</guid><comments>http://www.dailyfinance.com/2011/11/18/walmart-kmart-sears-and-ebay-offering-real-online-shopping/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/technology/" rel="tag">Technology</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/ebay/" rel="tag">eBay</a>, <a href="http://www.dailyfinance.com/category/wal-mart/" rel="tag">Wal-Mart</a>, <a href="http://www.dailyfinance.com/category/stores/" rel="tag">Stores</a></p><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/ebaystore.jpg" alt="" /> Retailers anxious to lull shoppers into a holiday spending daze are debuting a new experiment in simulation: the "real" online store. <br />
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On Nov. 1, Walmart (<a class="inlinked" href="http://www.dailyfinance.com/quotes/wal-mart-stores-inc/wmt/nys">WMT</a>) launched <a href="http://instoretrends.com/index.php/2011/11/04/photo-surprise-walmart-unveils-its-smallest-store-format-1000-sqft/">two pop-up stores</a> in San Diego and Los Angeles malls, where, instead of stroking the fabric of sweaters and sheets, shoppers can browse <a href="http://walmart.com">Walmart.com</a> on tablet and laptop screens. <br />
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Walmart claims that "real" online shopping is convenient, combining the limitless inventory of the Web with help from knowledgeable sales staff. Some locals aren't buying it. One San Diego <a href="http://www.signonsandiego.com/news/2011/nov/09/will-tiny-walmart-stores-catch/">shopper points out</a> that you have to pay to park at the mall, which costs more than shipping, "S<span id=":17b" dir="ltr">o what's the point?</span>" he writes on the website of the San Diego <a href="http://www.signonsandiego.com/news/2011/nov/09/will-tiny-walmart-stores-catch/">Union-Tribune</a>. Actually, shipping will cost you, too -- though Walmart will reimburse shoppers for it with gift cards. <br />
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Walmart isn't alone in this experiment: This year, Sears (<a class="inlinked" href="http://www.dailyfinance.com/quotes/sears-holdings-corporation/shld/nas">SHLD</a>), Kmart, and eBay (<a class="inlinked" href="http://www.dailyfinance.com/quotes/ebay-inc/ebay/nas">EBAY</a>) have all launched retail experiments that put their websites on sidewalks and in malls. In most cases, smartphones are what connect the cloud with the food court. Sears and Kmart now have <a href="http://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=3&amp;ved=0CD0QFjAC&amp;url=http%3A%2F%2Fwww.searsholdings.com%2Fpubrel%2FpressOne.jsp%3Fid%3Ds16310_item78809&amp;ei=g1zFTurFKKXa0QHDh6D7Dg&amp;usg=AFQjCNGInvgRqrt6P58n0J4t1uHB1zPpLg">"mobile toy walls":</a> interactive ads in airports and subways that display images of products alongside Quick Response codes. The QR codes -- those speckled squares that work like bar codes -- take shoppers to an online checkout when scanned by smart-phones.<br />
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Online-only retailer eBay launched a similar experiment back in October with its "Inspiration Shop" on New York City's Park Avenue. The "24/7 shoppable storefront" was designed to turn foot traffic into Web traffic via the eBay app.<br />
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<strong>'Let the Store Come to the People</strong>'<br />
<br />
Whether the "stores" will attract shoppers -- or remain clever advertisements -- remains to be seen. So far, some San Diego residents are perplexed by the dainty 3,000-square-foot Walmarts (an average Walmart Supercenter <a href="http://walmartstores.com/aboutus/7606.aspx">is 185,000 square feet</a>). "This is a stupid idea since anyone could do the same thing using their home computer," Cheryl Clark, <a href="http://www.signonsandiego.com/news/2011/nov/09/will-tiny-walmart-stores-catch/">a local shopper</a> told the Union-Tribune.<a href="http://www.signonsandiego.com/news/2011/nov/09/will-tiny-walmart-stores-catch/"><br />
</a><br />
"The Walmart.com stores are just a small test we're conducting during the holiday season to offer local customers easier, more convenient access to products," a Walmart spokesman told <em>Reuters</em>.<br />
<br />
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QR codes, widely embraced by marketers as a way to get consumers to interact with brands, have also been slow to catch on. While <a href="http://www.intomobile.com/2011/09/01/study-smartphone-penetration-hits-40-of-overall-u-s-mobile-market/">40% of U.S. mobile users have smart-phones</a> according Nielsen data,<a href="http://www.comscore.com/Press_Events/Press_Releases/2011/8/14_Million_Americans_Scanned_QR_or_Bar_Codes_on_their_Mobile_Phones_in_June_2011"> only 6.2% of mobile users scan QR codes</a>, according to another study from June 2011.<br />
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Still, similar ventures in other countries have proved successful. Tesco, the supermarket chain, saw <a href="http://www.adverblog.com/2011/06/23/tescos-subway-virtual-store/">its online sales jump 130%</a> when it launched a virtual grocery store in the subways of Seoul, Korea, a venture which inspired Sears and Kmart's mobile walls. There, busy commuters waiting for <a href="http://www.youtube.com/watch?v=fGaVFRzTTP4">trains face life-size, hyper-realistic photos </a>of fully stocked grocery aisles. By scanning QR codes, they can purchase items with smartphones and have them automatically delivered.<br />
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For Tesco, the walls were a way to "let the store come to the people," increasing market-share without having to open new locations, according to <a href="http://www.youtube.com/watch?v=oPM4Ui6Sjfk">a video produced</a> by Tesco's advertising agency, Cheil Worldwide.<br />
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In the U.S., more mobile users <a href="http://mobile.reuters.com/article/technology-media-telco-SP/idUSL3E7GQ05L20110527">use smart phones than in South Kore</a>a, and mobile shopping is predicted to bring in <a href="http://www.mobilecommercedaily.com/2011/06/20/mobile-commerce-sales-to-reach-10-billion-next-year-forrester">$10 billion in sales in 2012</a>, according to Forrester Research. Whether or not Sears' "mobile walls" catch on, they stand to raise awareness about Web offerings from the company, at the very least.<br />
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Meanwhile, in its grab for more online shoppers, Walmart has figured out something neither Tesco nor Amazon have -- how to bring the e-commerce experience to the people, even those without smartphones.<br />
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</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/18/walmart-kmart-sears-and-ebay-offering-real-online-shopping/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20109122/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/18/walmart-kmart-sears-and-ebay-offering-real-online-shopping/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Amazon.com Inc</category><category>christmas shopping</category><category>ChristmasShopping</category><category>eBay Inc</category><category>ecommerce</category><category>holiday shopping</category><category>HolidayShopping</category><category>Inspiration Shop</category><category>InspirationShop</category><category>Kmart</category><category>mobile walls</category><category>MobileWalls</category><category>online shopping</category><category>OnlineShopping</category><category>pop-up store</category><category>Pop-upStore</category><category>QR code</category><category>QrCode</category><category>Sears</category><category>sears holdings</category><category>South Korea</category><category>Tesco</category><category>Wal-Mart</category><category>walmart.com</category><dc:creator>Alice Hines</dc:creator><pubDate>Fri, 18 Nov 2011 06:30:00 EST</pubDate></item><item><title>Amazon's World Takeover -- By the Numbers</title><link>http://www.dailyfinance.com/2011/11/17/amazons-world-takeover-by-the-numbers/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/17/amazons-world-takeover-by-the-numbers/</guid><comments>http://www.dailyfinance.com/2011/11/17/amazons-world-takeover-by-the-numbers/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/amazon/" rel="tag">Amazon.com</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/gdp/" rel="tag">GDP</a></p><img vspace="4" hspace="4" border="1" align="right" alt="Amazon's World Takeover -- By the Numbers"  src="http://www.blogcdn.com/www.dailyfinance.com/media/2010/11/rszamazon.jpg" /> Amazon (<a href="http://www.dailyfinance.com/quotes/amazon-com-inc/amzn/nas" class="inlinked">AMZN</a>) plays by its own rules. Anyone following the Internet sales tax debate has watched state governments buckle under pressure from the online retail giant. And how could they not? As this infographic by blogger <a href="http://frugaldad.com/2011/11/15/amazon-infographic">FrugalDad</a> shows, the company's annual revenue is larger than the GDP of half of the world's countries. Here's a peek at who you're paying when you opt for the Free SuperSaver Shipping:<br />
<br />
<br />
<a href="http://frugaldad.com/amazon-infographic/"><img width="500" border="0" src="http://frugaldad.com/wp-content/uploads/2011/11/FathomingAmazon.png" alt="Amazon Infographic" /></a>
<p>Source: <a href="http://frugaldad.com">Frugaldad.com</a></p>
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<p> </p><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/17/amazons-world-takeover-by-the-numbers/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20109142/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/17/amazons-world-takeover-by-the-numbers/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Amazon.com Inc</category><category>by the numbers</category><category>ByTheNumbers</category><category>domination</category><category>ebooks</category><category>ecommerce</category><category>Finance</category><category>Frugaldad</category><category>gdp</category><category>internet sales tax</category><category>InternetSalesTax</category><category>jeff bezos</category><category>JeffBezos</category><category>kindle fire</category><category>KindleFire</category><category>retail</category><dc:creator>Alice Hines</dc:creator><pubDate>Thu, 17 Nov 2011 14:20:00 EST</pubDate></item><item><title>We'd Rather Buy iPhones and Video Games Than Clothes or Gas: Retail Sales Data</title><link>http://www.dailyfinance.com/2011/11/15/wed-rather-buy-iphones-and-video-games-than-clothes-or-gas-ret/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/15/wed-rather-buy-iphones-and-video-games-than-clothes-or-gas-ret/</guid><comments>http://www.dailyfinance.com/2011/11/15/wed-rather-buy-iphones-and-video-games-than-clothes-or-gas-ret/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/apple/" rel="tag">Apple</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/consumer-electronics/" rel="tag">Consumer Electronics</a>, <a href="http://www.dailyfinance.com/category/economy/" rel="tag">Economy</a></p><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/iphone4s.jpg" alt="We'd Rather Buy iPhones and Video Games Than Clothes or Gas" /> Though Americans aren't buying homes, clothes, gas, or furniture, we haven't stopped spending on gadgets, <a href="http://www.census.gov/retail/marts/www/marts_current.pdf">according to Tuesday's retail sales report</a> from the Department of Commerce.<br />
<br />
Overall retail sales rose 0.6% in October, beating analysts' estimates. Meanwhile, electronics and appliance store sales jumped 3.7%, the highest increase in two years. Last time there was a spike like that <a href="http://www.nytimes.com/2009/12/02/business/02shop.html">was November 2009</a>, which benefited from a jolt from Black Friday and holiday shopping at the low-point of the recession. <br />
<br />
October is typically a slow month for retail, though data shows that people didn't hold back on treating themselves to the most expensive products this year. According to Scott Hoyt, senior director of consumer economics at Moody's Analytics, many analysts credit <a href="http://www.huffingtonpost.com/2011/10/17/apple-iphone-4s-sales_n_1015350.html">the release of the iPhone 4S</a> on Oct. 14 with a large fraction of the electronics sales increase. The new iPhone sold 4 million units in its first weekend, an all-time record for a phone.<br />
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"[The iPhone 4S] is probably responsible for the growth in the appliance and electronics store segment," Hoyt says of Tuesday's report. "Despite high unemployment and only modest job growth, and in spite of extraordinarily low levels of consumer confidence, there is some budgetary freedom and pent up demand. That's starting to matter."<br />
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As the report does not track who is shopping, it's impossible to know how much of the increase was from spending by affluent Americans. Still, the overall trend favoring electronics over other types of products certainly can't be pinned on a few iPhone junkies. Sales at clothing stores, gas stations, and home furnishing stores actually declined in October, according to the report.<br />
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Sean Murphy, senior analyst at the Consumer Electronics Association, says that in the past few years, gadgets and computers once considered inessential have become "the new normal." <br />
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"These products have gone from being toys to necessities," he explains. New releases every few months improve products and encourage consumers to spend, making each version better integrated in our daily lives.<br />
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"There's become a symbiotic relationship between the industry and consumers," Murphy explains. "People's relationships with the devices evolve. Behavior patterns change even as technology changes." <br />
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And unlike other tools such as cars (which also showed a surprising rise in October's numbers), people tend to replace electronics like smart-phones frequently.<br />
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"Even as the country is tightening its belt, consumer electronics sales continue to do well," Murphy says. "This speaks volumes about the industry."<br />
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Economists predict that with these kind of numbers, holiday shopping numbers will also be on par with last year -- in other words, good. Electronics may well hold center stage. <a href="http://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;ved=0CCwQqQIwAA&amp;url=http%3A%2F%2Fwww.dailyfinance.com%2F2011%2F11%2F10%2Fwhat-to-make-of-modern-warfare-3s-record-breaking-sales%2F&amp;ei=Q87CTunuE6jl0QG24tDmDg&amp;usg=AFQjCNG8zk289jre7QgsAZwdd3I9bnZkvA"><em>Call of Duty: Modern Warfare 3</em> has already broken sales records</a> for the most units of a video game sold on opening day. The Kindle Fire, released Monday, is <a href="http://latimesblogs.latimes.com/technology/2011/08/amazon-could-sell-up-to-5-million-tablets-in-2011-analyst-says.html">expected to sell up to 5 million units</a> before the year's end.<br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/15/wed-rather-buy-iphones-and-video-games-than-clothes-or-gas-ret/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20107095/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/15/wed-rather-buy-iphones-and-video-games-than-clothes-or-gas-ret/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Call of Duty 4: Modern Warfare</category><category>Consumer Electronics</category><category>Consumer Electronics Association</category><category>consumer spending</category><category>ConsumerElectronics</category><category>ConsumerSpending</category><category>Finance</category><category>holiday shopping</category><category>HolidayShopping</category><category>iPhone sales</category><category>IphoneSales</category><category>kindle fire</category><category>KindleFire</category><category>United States Department of Commerce</category><dc:creator>Alice Hines</dc:creator><pubDate>Tue, 15 Nov 2011 16:20:00 EST</pubDate></item><item><title>Murderabilia: The Macabre Online Market for Serial Killer Artifacts</title><link>http://www.dailyfinance.com/2011/11/11/murderabilia-the-macabre-online-market-for-serial-killer-artifa/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/11/murderabilia-the-macabre-online-market-for-serial-killer-artifa/</guid><comments>http://www.dailyfinance.com/2011/11/11/murderabilia-the-macabre-online-market-for-serial-killer-artifa/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/technology/" rel="tag">Technology</a>, <a href="http://www.dailyfinance.com/category/ripoffs-scams/" rel="tag">Ripoffs &amp; Scams</a></p><img vspace="4" hspace="4" border="1" align="right" alt="Murderabilia: Selling Serial Killer Artifacts " src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/crimescene.jpg" /> Anyone who has ever watched <em>The Silence of the Lambs</em> with macabre delight knows the fascination gruesome death can provoke. But no fictional horror can produce the frisson generated by real items currently being sold on websites like<a href="http://serialkillersink.net/"> SerialKillersInk.net</a> and <a href="http://www.murderauction.com/">MurderAuction.com</a>: artifacts, relics and artwork straight from the crime scenes and prison cells of the worlds most famous serial killers.<br />
<br />
Current listings on the websites include <a href="http://serialkillersink.net/classifieds/auction_details.php?name=Gary-Leon-Ridgway-handwritten-ultra-rare-confession-letter-signed-in-full-Gary-L-Ridgway-with-bonus-items-such-a-8-x8-poster-of-him-surounded-by-his-victims-court-pictures-and-mugshot-Scarce&amp;auction_id=100337">a handwritten confession letter</a> from Gary Ridgway, aka the "Green River Killer," who strangled women in Washington ("Scarce!" the ad reads);<a href="http://www.google.com/url?q=http%3A%2F%2Fserialkillersink.net%2Fskistore%2Findex.php%3F_a%3DviewProd%26productId%3D1486&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNEVUo2eezi3pK1IUcx5VhYbuGwKeg"> a handwritten letter from Ted Kaczynski,</a> aka the "Unabomber"; and <a href="http://www.murderauction.com/Danny-Rolling-painting-Artwork--Selfportrait-and-girlfriend-,name,220968,auction_id,auction_details">a self-portrait by Danny Rolling</a>, aka the "Gainesville Ripper," who mutilated the bodies of his victims and posed them in strange positions before leaving the scene of the crime.<br />
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"It is a 100% real thing," the listing for Rolling's portrait reads. The seller, a vendor from Japan with 79 five-star reviews, is asking $2,000 for the portrait.<br />
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"Every man has to have a hobby," MurderAuction.com's site banner reads.<br />
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According to <a href="http://abcnews.go.com/US/business-murderabilia-websites-selling-murder-memorabilia/story?id=14896607#.Tr1GJlZSmNY">a recent ABC story</a>, there are six websites in the U.S. that cater to this macabre market. Dealers obtain items by befriending prisoners and giving them the attention they often crave, according to the network's interview with the founder of Serial Killers Ink, Eric Gein.<br />
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"You can't write Manson and say, 'Send me some artwork.' It doesn't work like that," Gein <a href="http://abcnews.go.com/US/business-murderabilia-websites-selling-murder-memorabilia/story?id=14896607&amp;page=2#.Tr1NK1ZSmNY">told ABC</a>. "The relationship we have with these infamous serial killers, it takes time, it takes trust. You have to build a friendship, build a relationship just like you would with anyone else."<br />
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While it's illegal for criminals to profit from their own crimes -- whether it be through memorabilia or movie rights -- third parties can sell items as long as none of the profits go directly to inmates. Still, vendors send gifts and the occasional check.<br />
<strong><br />
Banned on eBay, but Still Sought After</strong><br />
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There have always been collectors of perverse and controversial objects -- Nazi flags, crime scene debris, etc. -- the murder memorabilia market emerged in full force with the rise of the Web. In 2001, eBay banned "items deemed offensive, including true crime memorabilia," according to MurderAuction's website. In 2005, Murder Auction became the first site of its kind to launch, with a unique collection of serial killer items.<br />
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Now, there are spin-off sites, <a href="http://serialkillersink.net/classifieds/other_items.php?owner_id=100043">serial killer Christmas and Birthday cards</a>, and even <a href="http://www.google.com/url?q=http%3A%2F%2Fserialkillersink.net%2Fmurderzine%2F&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNFeQ3mJOskmOyNCfSiDRc47H8OD_w">a trade magazine, <em>MurderZine 3,</em></a> which features art and articles written by serial killers as well as "exclusive interviews" conducted by Serial Killers Ink. "The magazine your Mother warned you about!" the publication boasts.<br />
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Online visibility has also brought about criticism from advocacy groups, families of victims, and media. "The media is exceptionally good at altering facts and presenting one sided accounts," <a href="http://serialkillersink.net/classifieds/content_pages.php?page=about_us">SerialKillersInk's site reads.</a> "They know that the only viable option for them is to present this hobby in a negative light."<br />
<br />
"We do sympathize with the families of victims," the "About Us" continues. "We're sure they have a tremendous amount of pain to bare, but we make no apologies for our business. We are not breaking any laws. This is America and we have a right to make a living."<br />
<br />
But families of victims continue to be shocked and disgusted by what they find on the websites. Pam Hobbs of West Memphis, Tenn., told <a href="http://www.wmctv.com/story/16013661/ebay-like-website-selling-mid-south-murderabilia">her local TV station, WMC-TV</a> earlier this week that the sale of crime scene and autopsy photos from the murder of her son on MuderAuction.com was "sick." <br />
<br />
Asked Hobbs: "What type of sick individual would want to make a profit off of showing my dead baby?"<br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/11/murderabilia-the-macabre-online-market-for-serial-killer-artifa/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20104511/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/11/murderabilia-the-macabre-online-market-for-serial-killer-artifa/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Danny Rolling</category><category>eBay Inc</category><category>Entertainment</category><category>evidence</category><category>Gary Ridgway</category><category>memorabilia</category><category>murder</category><category>murderabilia</category><category>MurderAuction.com</category><category>online sales</category><category>OnlineSales</category><category>serial killer</category><category>SerialKiller</category><category>SerialKillersInk.net</category><category>Ted Kaczynski</category><category>The Silence of the Lambs</category><category>West Memphis, Arkansas</category><category>WMC-TV</category><dc:creator>Alice Hines</dc:creator><pubDate>Fri, 11 Nov 2011 14:15:00 EST</pubDate></item><item><title>Black Friday Battle Shapes Up as Nordstrom vs. Walmart</title><link>http://www.dailyfinance.com/2011/11/10/black-friday-battle-shapes-up-as-nordstrom-vs-walmart/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/10/black-friday-battle-shapes-up-as-nordstrom-vs-walmart/</guid><comments>http://www.dailyfinance.com/2011/11/10/black-friday-battle-shapes-up-as-nordstrom-vs-walmart/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/black-friday/" rel="tag">Black Friday</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/wal-mart/" rel="tag">Wal-Mart</a></p><img vspace="4" hspace="4" border="0" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/nordstrom-240em111011.jpg" alt="Black Friday Battle Shapes Up as Nordstrom vs. Walmart" /><em>This story was updated at 4:29 pm on 11/10/11</em><br />
<br />
With Walmart's (<a href="http://www.dailyfinance.com/quotes/wal-mart-stores-inc/wmt/nys" class="inlinked">WMT</a>) announcement Thursday that it will open at 10 p.m. on Thanksgiving, the holiday is now officially morphing into Black Friday Eve. While some shoppers will spend the day camping out and grilling turkey burgers in parking lots, others -- fed up with with the ever-earlier shopping frenzy -- are boycotting the day. Vocal anti-consumerism activists are gathering support for <a href="http://www.adbusters.org/campaigns/bnd">"Buy Nothing Day"</a>, and many more are making the easy choice to stay home and sleep.<br />
<br />
Nordstrom, (<a href="http://www.dailyfinance.com/quotes/nordstrom-inc/jwn/nys" class="inlinked">JWN</a>) the Seattle-based department store, has figured out a way to reach these contrarian consumers, who will still shop this holiday season, even if they're not at Walmart looking for deals while the turkey is still warm. <br />
<br />
For as long as anyone can remember at Nordstrom, stores have posted signs informing customers it won't be engaging in Christmas marketing or displays until Thanksgiving is officially over. (<a href="http://www.washingtontimes.com/news/2005/nov/21/20051121-114527-2759r/?page=all">News stories</a> on the strategy date back to 2005).<br />
<img vspace="4" hspace="4" border="0" align="left" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/nordstrom-sign-240em111011.jpg" alt="Black Friday Battle Shapes Up as Nordstrom vs. Walmart" /><img vspace="4" hspace="4" border="0" align="left" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/nordstrom-sign-white-thing.jpg" alt="" /><br />
"We won't be decking our halls until Friday, November 25," the signs read. "Why? Well, we just like the idea of celebrating one holiday at a time. From our family to yours, Happy Thanksgiving."<br />
<br />
One photo recently shared about 17,000 times on Facebook was actually from last year, when Black Friday landed on November 27. On Nordstrom's <a href="https://www.facebook.com/Nordstrom?sk=wall">Facebook page</a>, excited commentators who spotted the viral image are commending Nordstrom for its "classy decision," "true respect for each holiday," and "caring about the people behind the money."<br />
<br />
Of course, upscale Nordstrom also cares about attracting those shoppers who can afford to spend a little more during holidays and skip the Black Friday deal scavenge. So far, the anti-marketing marketing campaign appears to be working its magic.<br />
<br />
"I commend you for taking the step of not decorating yet. I plan to spend my holiday budget with you for this exact reason," wrote one fan on Thursday.<br />
<br />
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<br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/10/black-friday-battle-shapes-up-as-nordstrom-vs-walmart/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20103622/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/10/black-friday-battle-shapes-up-as-nordstrom-vs-walmart/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>anti-consumerism</category><category>Black Friday</category><category>Buy Nothing Day</category><category>BuyNothingDay</category><category>christmas shopping</category><category>ChristmasShopping</category><category>consumerism</category><category>decorating</category><category>Facebook</category><category>holiday shopping</category><category>HolidayShopping</category><category>Nordstrom</category><category>Thanksgiving</category><dc:creator>Alice Hines</dc:creator><pubDate>Thu, 10 Nov 2011 15:40:00 EST</pubDate></item><item><title>Modern Warfare 3: While Movie Industry Struggles, Gaming Thrives</title><link>http://www.dailyfinance.com/2011/11/10/what-to-make-of-modern-warfare-3s-record-breaking-sales/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/10/what-to-make-of-modern-warfare-3s-record-breaking-sales/</guid><comments>http://www.dailyfinance.com/2011/11/10/what-to-make-of-modern-warfare-3s-record-breaking-sales/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/technology/" rel="tag">Technology</a>, <a href="http://www.dailyfinance.com/category/media/" rel="tag">Media</a></p><img vspace="4" hspace="4" border="1" align="right" alt="What to Make of 'Modern Warfare 3's' Record-Breaking Sales" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/callofduty3.jpg" />Aidan Joyce, a 20-year-old student at Georgia State, downloads "a lot of films" for free online. "Terabytes worth," he says. But he does pay for video games. Monday night, Joyce got in line at Edgewood Mall in Atlanta to pay $60 for<em> Call of Duty: Modern Warfare 3</em> on the midnight of its release.<br />
<br />
At a time when the music industry is Auto-Tuning its own eulogy and Hollywood has all but given up on DVDs, analysts estimate that the latest edition of Activision Blizzard's (<a class="inlinked" href="http://www.dailyfinance.com/quotes/activision-blizzard-inc/atvi/nas">ATVI</a>) hit series sold between 5 million to 6 million copies on the first day. Others think that's low: Some have estimated<a href="http://www.vgchartz.com/article/88431/modern-warfare-3-tops-93m-first-day-biggest-industry-launch-ever/"> first-day sales of 9.3 million copies.</a><br />
<br />
Worldwide, 1.5 million people lined up at midnight events to score copies of the video game, <a href="http://seekingalpha.com/article/306409-activision-blizzard-s-ceo-discusses-q3-2011-results-earnings-call-transcript">CEO Eric Hirshberg</a> told analysts on Activision Blizzard third quarter <a class="inlinked" href="http://www.dailyfinance.com/category/earnings/">earnings</a> call Tuesday afternoon. These are record numbers not only for a video game, but for any media property, and its total sales are predicted to rival those of a blockbuster film.<br />
<br />
<em>Modern Warfare 3</em> is expected to bring in between $1.5 billion and $1.6 billion, estimates Arvind Bhatia, managing director of Sterne Agee &amp; Leach. For comparison, <em>Harry Potter and the Deathly Hallows : Part 2</em> grossed $1.3 billion. <br />
<br />
"The audience [for video games] is expanding and companies are doing a good job of exploiting big audiences," Bhatia says.<br />
<br />
In the early '70s when video games were born, arcade games like <em>Pong</em> consisted only of <a href="http://en.wikipedia.org/wiki/Pong">a few black lines and a 2-D ball</a>. Today, games like<em> Modern Warfare 3,</em> a first-person shooter that takes players through an interactive military narrative and allows for online multi-player gaming, are cinematic, with realistic graphics and high-budget video interludes. <br />
<br />
"Video games are becoming more cinematic as technology catches up with user expectations. This is contributing to popularity," Bhatia says.<br />
<br />
Meanwhile, the at-home movie industry is in flux, with Netflix (<a class="inlinked" href="http://www.dailyfinance.com/quotes/netflix-inc/nflx/nas">NFLX</a>) losing customers due to price hikes and unpopular business moves, and services like Amazon Prime (<a class="inlinked" href="http://www.dailyfinance.com/quotes/amazon-com-inc/amzn/nas">AMZN</a>) clutching at the remainder of consumers still willing to pay for rentals.<br />
<br />
<b>Call of Duty: Pirate Warfare<br />
</b> <br />
One reason games like <em>Modern Warfare 3 </em>have such huge sales figures is because companies like Activision Blizzard have more control over the distribution of their content than movie studios. In other words, they're hard to pirate.<br />
<br />
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While illegal copies of PC games are easy to find online, you can't play them on any old laptop: To run properly, modern games require special graphics-boosting hardware. Meanwhile, popular consoles like Microsoft's (<a class="inlinked" href="http://www.dailyfinance.com/quotes/microsoft-corporation/msft/nas">MSFT</a>) XBox 360 and Sony's (<a class="inlinked" href="http://www.dailyfinance.com/quotes/sony-corporation/sne/nys">SNE</a>) PlayStation 3 make it difficult to run pirated games. Even if someone were to burn a downloaded game onto an XBox disc -- which requires special software -- the Digital Rights Management technology and closed multi-player networks within the device would prevent any but most tech-savvy gamers from getting it to work.<br />
<br />
On the first day of <em>Call of Duty: Black Ops,</em> the previous release in the game series, were<a href="http://www.vgchartz.com/article/82685/call-of-duty-black-ops-sells-7-million-copies-on-day-one/"> 95% of sales were for the Xbox and Playstation</a> versions, with the remaining 5% for PCs and Wii. It's worth noting: The PC version of Black Ops was the<a href="http://www.google.com/url?q=http%3A%2F%2Fnews.cnet.com%2F8301-13506_3-10422892-17.html"> most pirated game of 2009.</a><br />
<br />
In other words, unlike idle Netflix browsers, gamers are ready and willing to spend $60 on a newly released game, with features that can't be replicated anywhere else.<br />
<br />
"Video games are interactive and provide more value for the buck compared to other forms of entertainment," Bhatia says.<br />
<strong><br />
3-D to the Rescue?<br />
</strong><br />
These days, the most successful movies are those that are more like video games, offering new, inimitable theater experiences that make people line up. <em>Avatar</em>, for example, was most pirated movie of all time but also the highest grossing, making $2.8 billion worldwide.<br />
<br />
Director James Cameron <a href="http://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=3&amp;ved=0CC4QtwIwAg&amp;url=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DOfI1MSsNQA0&amp;ei=jQe7To2eKeXr0gGZ5snYCQ&amp;usg=AFQjCNGq-QOZUfwCr0HiLHSxa1SF_WnAlg">called the movie Hollywood's response to piracy </a>because of its length and visual 3-D component. According to the Motion Picture Association of America, the <a href="http://mpaa.org/resources/b14b3a65-ece2-45fb-869f-529b953a286e.pdf">3-D market made up 21% of box office sales in 2010, compared to 2%</a> in 2008.<br />
<br />
Meanwhile, in the same way that some traditional cinema goers complained that <em>Avatar</em> was too much like a video game, some hard-core gamers say that <em>Modern Warfare 3 </em>is too much like a movie.<br />
<br />
"It's been an issue within gaming from the beginning," says Alexander Galloway, a professor of comparative literature at NYU and the author of <em>In Gaming: Essays on Algorithmic Culture</em>. "True hardcore gamers will always think [immersive, representational modes] are retarded and irrelevant." The idea is that "once cinema starts, interactivity ends," Galloway explains.<br />
<br />
Joyce, who notes that he regularly pays to see movies in theaters, was unimpressed by<em> Modern Warfare 3, </em>which he thinks is popular because of its mass appeal. "There are explosions going off the time," he says. "It's sort of the video game equivalent of a Michael Bay film."<br />
<br />
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</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/10/what-to-make-of-modern-warfare-3s-record-breaking-sales/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20102884/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/10/what-to-make-of-modern-warfare-3s-record-breaking-sales/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Activision Blizzard</category><category>Alexander Galloway</category><category>Atlanta</category><category>Avatar</category><category>Black Ops</category><category>Call of Duty</category><category>Car tuning</category><category>Eric Hirshberg</category><category>Georgia</category><category>Harry Potter and the Deathly Hallows</category><category>James Cameron</category><category>Modern Warfare 3</category><category>ModernWarfare3</category><category>Netflix Inc</category><category>PlayStation 3</category><category>Sci/Tech</category><category>Video game sales</category><category>VideoGameSales</category><category>Xbox</category><category>Xbox 360</category><dc:creator>Alice Hines</dc:creator><pubDate>Thu, 10 Nov 2011 10:35:00 EST</pubDate></item><item><title>Will Target.com Repeat its Missoni Fiasco on Black Friday?</title><link>http://www.dailyfinance.com/2011/11/09/will-target-com-repeat-its-missoni-fiasco-on-black-friday/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/09/will-target-com-repeat-its-missoni-fiasco-on-black-friday/</guid><comments>http://www.dailyfinance.com/2011/11/09/will-target-com-repeat-its-missoni-fiasco-on-black-friday/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/black-friday/" rel="tag">Black Friday</a>, <a href="http://www.dailyfinance.com/category/technology/" rel="tag">Technology</a>, <a href="http://www.dailyfinance.com/category/amazon/" rel="tag">Amazon.com</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/best-buy/" rel="tag">Best Buy</a>, <a href="http://www.dailyfinance.com/category/target/" rel="tag">Target</a>, <a href="http://www.dailyfinance.com/category/wal-mart/" rel="tag">Wal-Mart</a></p><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/missonitarget.jpg" alt="" /> Anyone who lined up outside their local Target early one Tuesday morning this past September to score some Missoni -- and <a href="http://www.dailyfinance.com/2011/09/14/target-overpowered-by-missoni-buzz-fashion-fans-crash-website/">witnessed the retail carnage that ensued</a> -- will be well prepared for Black Friday.<br />
<br />
Target (<a class="inlinked" href="http://www.dailyfinance.com/quotes/target-corporation/tgt/nys">TGT</a>), on the other hand, may not be as ready -- especially when it comes to its website, which the Missoni launch famously crashed. As <a href="http://www.bloomberg.com/news/2011-11-09/target-works-to-fix-crashing-website-before-black-friday-retail.html"><em>Bloomberg</em> reports</a>, Target.com has gone down five more times since the Missoni fiasco, and its president, Steve Eastman, has departed.<br />
<br />
Eastman has yet to be replaced, and the company is still struggling with how to handle its online traffic. The website problems began in late August, when Target stopped using Amazon Web Services, which had provided the tech infrastructure for Target to run its e-commerce platform since 2001. <br />
<br />
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Amazon (<a class="inlinked" href="http://www.dailyfinance.com/quotes/amazon-com-inc/amzn/nas">AMZN</a>) sells data processing and cloud-based storage to large companies <a href="http://www.reuters.com/article/2011/07/22/us-amazon-preview-idUSTRE76L0AK20110722">like Siemens, Pfizer, and Nasdaq</a>. But retailers like Target, which compete with Amazon for online shoppers, are increasingly handling e-commerce in-house. Amazon charged Target estimated $100 million a year for its services, according to <em>Bloomberg</em>. <br />
<br />
Target rebuilt its new Amazon-free website from scratch, and is continuing to adjust it as problems come up. <br />
<br />
While the Missoni line was exclusive to the retailer, if Target.com can't handle Black Friday traffic, it could lose sales to competitors like Walmart (<a class="inlinked" href="http://www.dailyfinance.com/quotes/wal-mart-stores-inc/wmt/nys">WMT</a>) or Best Buy (<a class="inlinked" href="http://www.dailyfinance.com/quotes/best-buy-incorporated/bby/nys">BBY</a>). In 2010, Cyber Monday attracted<a href="http://www.nrf.com/modules.php?name=News&amp;op=viewlive&amp;sp_id=1044"> 106 million shoppers</a> and generated over $1 billion in sales.<br />
<br />
Even while its technology lags behind, Target did raise the bar when it comes to bricks-and-mortar Black Friday shopping. On Oct. 28, Target became <a href="http://www.dailyfinance.com/2011/10/31/macys-target-up-black-friday-ante-with-midnight-store-openings/">one of the first retailers to announce</a> that its stores would open at midnight on Thanksgiving. Macy's (<a href="http://www.dailyfinance.com/quote/nyse/macys-inc/m">M</a>), Kohls (<a class="inlinked" href="http://www.dailyfinance.com/quotes/kohl-s-corporation/kss/nys">KSS</a>), and Best Buy have all followed suit.<br />
<br />
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</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/09/will-target-com-repeat-its-missoni-fiasco-on-black-friday/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20102528/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/09/will-target-com-repeat-its-missoni-fiasco-on-black-friday/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Amazon Web Services</category><category>Amazon.com Inc</category><category>Best Buy Co Inc</category><category>Black Friday</category><category>christmas shopping</category><category>ChristmasShopping</category><category>cyber monday</category><category>CyberMonday</category><category>ecommerce</category><category>Finance</category><category>holiday shopping</category><category>HolidayShopping</category><category>Kohl's Corp</category><category>Missoni</category><category>missoni for target</category><category>MissoniForTarget</category><category>Sci/Tech</category><category>Target Corporation</category><category>target.com</category><category>Wal-Mart</category><category>website crash</category><category>WebsiteCrash</category><dc:creator>Alice Hines</dc:creator><pubDate>Wed, 09 Nov 2011 15:50:00 EST</pubDate></item><item><title>Unemployed and Eager to Shop on Black Friday ... for You</title><link>http://www.dailyfinance.com/2011/11/04/unemployed-and-eager-to-shop-on-black-friday-for-you/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/04/unemployed-and-eager-to-shop-on-black-friday-for-you/</guid><comments>http://www.dailyfinance.com/2011/11/04/unemployed-and-eager-to-shop-on-black-friday-for-you/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/black-friday/" rel="tag">Black Friday</a>, <a href="http://www.dailyfinance.com/category/recession/" rel="tag">Recession</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/best-buy/" rel="tag">Best Buy</a>, <a href="http://www.dailyfinance.com/category/family-money/" rel="tag">Family Money</a>, <a href="http://www.dailyfinance.com/category/unemployment/" rel="tag">Unemployment</a>, <a href="http://www.dailyfinance.com/category/target/" rel="tag">Target</a>, <a href="http://www.dailyfinance.com/category/wal-mart/" rel="tag">Wal-Mart</a>, <a href="http://www.dailyfinance.com/category/economy/" rel="tag">Economy</a></p><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/bestbuyblackfriday.jpg" alt="Unemployed and Eager to Shop on Black Friday ... for You" /> Laurie Black, a 32-year-old preschool teacher from Auburn, Mass., finds herself out of a job this holiday season for the second year in a row. But she's not going to let it stop her from shopping on Black Friday.<br />
<br />
Along with a few other enterprising -- and out-of-work -- shoppers, Black is offering her services to those who don't feel like hitting the stores and standing in lines on one of the busiest shopping days of the year. Black will score you the "doorbuster" deals that come only for those willing to dedicate hours of waiting in cold, New England parking lots, in exchange for just 15% of your total purchases -- and she'll take cash or even prepaid Walmart gift cards. <br />
<br />
Though the recession has ostensibly passed, <a href="http://www.dailyfinance.com/2011/11/04/unemployment-hurting-the-oldest-and-youngest-workers/">unemployment is still high at 9%</a>. And for many of the <a href="http://www.bls.gov/news.release/empsit.nr0.htm">13.9 million Americans still out of work,</a> shopping on Black Friday has become a luxury they can no longer afford. But a few of the jobless with an entrepreneurial streak, like Laurie Black, are refusing to be left with empty bags. <br />
<br />
Last week, the single mother of two posted a Craigslist ad advertising her services. She has yet to receive any calls, but it's still early. As the holiday gets closer, Black will post fliers around her town. Nursing homes should be a good bet, Black says, as elderly people desire good deals as much as anyone else, but might not be up for the Black Friday trip.<br />
<br />
Black, who has shopped on Black Friday every year since her first son was born 15 years ago, tries to be optimistic about this year's holiday. "I love shopping and love shopping for other people," she writes in her ad. "Lets help each other shall we ..."<br />
<br />
She would also love to buy presents for her two sons and her disabled sister, whom she supports. But with no income and an eviction looming, the family's shopping will have to be done in the discount aisle in January, if at all.<br />
<br />
"It's a tight Christmas," Black says. But then again, Black Friday isn't just about the money. "I'd go shopping not even for the deals. You meet the nicest people."<br />
<br />
<strong>Desperation Discounts</strong><br />
<br />
Retailers are counting on Black Friday this holiday season, investing in ad campaigns, seasonal hires, and ever-earlier store openings to get Americans shopping again. Target's (<a href="http://www.dailyfinance.com/quotes/target-corporation/tgt/nys" class="inlinked">TGT</a>) 1,767 U.S. stores <a href="http://www.glassdoor.com/blog/retailers-staffing-holidays/">will increase their staffs by 67% and open at midnight for Black Friday</a> this year. Walmart (<a href="http://www.dailyfinance.com/quotes/wal-mart-stores-inc/wmt/nys" class="inlinked">WMT</a>) has <a href="http://www.businessweek.com/news/2010-11-22/wal-mart-to-price-match-competitors-black-friday-ads.html">instituted a price-matching program</a>: All shoppers who find an item they've purchased at Walmart advertised for less at another store will receive a gift-card reimbursement for the difference.<br />
<br />
Still, retailers acknowledge that spending isn't what it was before the recession. "Persistently high unemployment, an erratic stock market, modest income growth and rising consumer prices are all combining to impact spending this holiday season,"<a href="http://www.nrf.com/modules.php?name=News&amp;op=viewlive&amp;sp_id=1206"> said National Retail Federation Chief Economist</a> Jack Kleinhenz.<br />
<br />
Melissa Wolford, a 27-year-old student at Lincoln University from California, Mo.,<a href="http://columbiamo.craigslist.org/com/2672933558.html"> also plans to work as a Black Friday personal shopper</a> to make up for lost income. Over the past eight months, business at her wedding-planning service has dried up.<br />
<br />
"I went from having a steady stream [of customers] to nothing," says Wolford, who is also an ordained minister. "We're a small town in a rural area. There's not a lot of opportunities."<br />
<br />
But even if people don't have money to throw big weddings, they still go Black Friday shopping in nearby Jefferson City, says Wolford. "Whenever I've been really low on money, I've always tried to go," she says. "So I thought -- why not offer to do it for other people?"<br />
<br />
For every person like Wolford who can't afford to shop at all, she guesses there more who desperately need to get the best deals possible this season. "The <a href="http://www.dailyfinance.com/category/economy/" class="inlinked">economy</a> is bad," she says. "People want to be able to buy their family stuff and can't afford regular prices. It's the one time of the year you can shop for a big purchase."<br />
<br />
Wolford, like Black, has been doing Black Friday for years, starting when she was a little girl tagging alongside her mom. While she doesn't mind missing some of Thanksgiving to shop, many families don't have time to do both. This year, with stores like Target, Kohl's (<a href="http://www.dailyfinance.com/quotes/kohl-s-corporation/kss/nys" class="inlinked">KSS</a>) and Best Buy (<a href="http://www.dailyfinance.com/quotes/best-buy-incorporated/bby/nys" class="inlinked">BBY</a>) opening at midnight, people who want the hottest deals will have to get in line as early as 9 p.m. Thursday, Wolford estimates.<br />
<br />
Kristal Braley,<a href="http://www.google.com/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=11&amp;ved=0CEEQFjAAOAo&amp;url=http%3A%2F%2Faustin.craigslist.org%2Fhss%2F2627496662.html&amp;ei=5-23TteUOfDo2gWw783MDQ&amp;usg=AFQjCNGCUxSAuTyBIM2op_HdnQqbCH7kwg"> who also plans to work as a Black Friday personal shopper</a>, says she expects the personal shopping service idea to catch on. The holiday season already creates around 500,000 seasonal jobs each year, <a href="http://www.nrf.com/modules.php?name=News&amp;op=viewlive&amp;sp_id=1206">according to the National Retail Federation.</a> Braley, a 23-year-old student at the University of Texas, came up with her personal shopper plan on Black Friday last year, when she was hired to hand out fliers at 4 a.m. at the San Marcos Outlet Mall in Austin, Texas.<br />
<br />
"It was a madhouse. Everyone was stressed out. Kids were tired and being dragged around," says Braley, who has a child herself. "I felt really bad for everybody and wished I could have helped. After seeing that, I thought, 'There's gotta be people out there who just don't want to deal with this.' "<br />
<br />
<strong>Good Fun in Hard Times</strong><br />
<br />
So far, neither Braley, Wolford nor Black have received any calls from potential clients. Maybe it's too early, they speculate. Other women advertising the service on classified boards <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.kyclassifieds.com%2Fad149911.htm&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNH808GX1xfRDvsiHnVy2CiLZlNFPQ">claim to have done it for years</a>. One <a href="http://phoenix.craigslist.org/evl/crs/2672310363.html">"Personal Holiday Wrapper and Shopper"</a> from Phoenix, Ariz., says she has "had great success the last two years." She promises to line up at Target, Toys R Us, Kohl's and Best Buy for a flat rate of $50, though reminds clients she can't guarantee she will land specific items.<br />
<br />
Even if Wolford could afford to pay someone to shop for her, she would never do it, she says. Black Friday may stress everyone else out, but she still thinks it's fun. "I really, really like a sale," Wolford explains. "[Black Friday] about getting stuff you couldn't get the rest of the year even cheaper."<br />
<br />
For some, Black Friday is too important of a tradition to be missed, even if the money's not there. Black remembers what it was like in better times. <br />
<br />
"My brother will watch the boys for me. We'll all go at 11 p.m. and sit until the store opens at 5 a.m. with our hot drinks, chairs, umbrellas. Everyone's talking about what they're going to get and who they're going to make happy. It's nice. It's not all about me, me, me."<br />
<br />
This year, Black just hopes she gets a few calls in response to her ad so she can buy Christmas presents for her kids. But she's not overly optimistic.<br />
<br />
"It's the same for everyone around me," she says. "No jobs."<br />
<br />
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</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/04/unemployed-and-eager-to-shop-on-black-friday-for-you/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20098331/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/04/unemployed-and-eager-to-shop-on-black-friday-for-you/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Best Buy Co Inc</category><category>Black Friday</category><category>christmas shopping</category><category>ChristmasShopping</category><category>Finance</category><category>holiday shopping</category><category>HolidayShopping</category><category>jobless</category><category>Kohl's Corp</category><category>personal shopper</category><category>PersonalShopper</category><category>recession</category><category>shopping</category><category>Target Corporation</category><category>unemployment</category><category>Wal-Mart</category><dc:creator>Alice Hines</dc:creator><pubDate>Fri, 04 Nov 2011 16:30:00 EST</pubDate></item><item><title>EBay's 'Buy It New' Rebranding Angers Devoted Used Goods Sellers</title><link>http://www.dailyfinance.com/2011/11/02/ebays-buy-it-new-rebranding-angers-devoted-used-goods-sellers/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/02/ebays-buy-it-new-rebranding-angers-devoted-used-goods-sellers/</guid><comments>http://www.dailyfinance.com/2011/11/02/ebays-buy-it-new-rebranding-angers-devoted-used-goods-sellers/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/technology/" rel="tag">Technology</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/ebay/" rel="tag">eBay</a>, <a href="http://www.dailyfinance.com/category/iphone/" rel="tag">iPhone</a></p><img vspace="4" hspace="4" border="1" align="right" alt="EBay's 'Buy It New' Rebranding Angers Devoted Used Sellers" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/ebay.jpg" />As companies like Netflix (<a class="inlinked" href="http://www.dailyfinance.com/quotes/netflix-inc/nflx/nas">NFLX</a>) and Facebook have learned, having a rabid Internet fan base has its downsides. Probably no company is more aware of that than eBay (<a class="inlinked" href="http://www.dailyfinance.com/quotes/ebay-inc/ebay/nas">EBAY</a>), an Internet pioneer with 90 million active users. It's not always easy to satisfy them all.<br />
<br />
The site angered some of its devoted users this holiday season with its new slogan, "Buy it new. Buy it now." The company's first big marketing effort in two years aims to seduce shoppers using iPhones, Androids and other mobile devices with its wealth of brand-new, brand-name items. Many longtime sellers of used goods on eBay claim that the marketplace's focus on new products hurts their business.<br />
<br />
EBay has come a long way since its days as an Internet flea market. Today, 62% of eBay listings are fixed price, not auctions, and 70% are new, eBay's CMO Richelle Parham told <em>DailyFinance</em>. By comparison, in 2008,<a href="http://www.reuters.com/article/2008/08/20/us-ebay-sellers-idUSN1928304020080820"> only 43% of eBay listings were fixed price.</a> But the brand's image has lagged behind. In the past few years, eBay has met with steep competition from other marketplaces like <a href="http://Amazon.com">Amazon</a>, which offer new items as well as perks like free shipping. <br />
<br />
So far, the app featured in the ads has been a hit with shoppers,<a href="http://www.fastcompany.com/1791203/ebay-inspiration-shop-mobile-strategy"> downloaded 47 million times</a>, according eBay. But sellers of used merchandise are less than thrilled. "It was a slap in the face for them to air that commercial," says Karen Drake, an eBay "Top Rated Seller" of used clothing for 15 of the company's 16 years. "I don't sell new items, but I pay eBay $500 a month in fees."<br />
<br />
Drake remembers driving over to the "tiny, one-room" eBay office in 1997 to pay her selling fees on her lunch break. Times have changed since she called herself "eBay's biggest cheerleader," she says.<br />
<br />
<strong>The End of an Auction</strong> <strong>Era</strong><br />
<br />
While sellers may pay fees, which provide the marketplace component of eBay's revenue, eBay executives decide how they are spent. While eBay declined to say how much it paid for the ad campaign, it reported that its sales and marketing expenses increased 29% to $623.3 million in the third quarter.<br />
<br />
In one commercial, a<a href="http://www.youtube.com/watch?v=YGjjOzaFdx8&amp;feature=relmfu"> father at his child's school musical falls asleep</a> and begins dreaming about a pair of chrome rims for his car. Barely awake, he presses a few buttons on his smartphone and -- SNAP! -- buys them on eBay Motors. <br />
<br />
Speedy mobile purchases are expected to bring eBay almost $5 billion in sales this year, more than enough to pay for the commercials. That's more than double that what mobile sales made the company last year, and what is expected for competitor Amazon (<a class="inlinked" href="http://www.dailyfinance.com/quotes/amazon-com-inc/amzn/nas">AMZN</a>).<br />
<br />
While the growth of mobile sales may be a recent phenomenon, eBay's shift toward new, fixed-price items has been under way for almost four years. In 2008, John Donahoe took over as CEO and began altering policies<a href="http://www.businessweek.com/technology/content/jan2008/tc20080129_981043.htm"> to encourage buy-it-now sales and favor high-volume "Top Rated Sellers,"</a> a marketplace overhaul intended to improve buyer experience and safety.<br />
<br />
This year, eBay has recruited some of its highest profile sellers yet, especially in the fashion category. Neiman Marcus Last Call, Cole Haan and Timberland all now sell their wares directly through <a href="http://www.ebay.com/fashion/outlet">eBay's Fashion Outlet. </a><br />
<br />
This year's campaign, which include<a href="http://www.venablesbell.com/?p=1154">s outdoor billboards </a>and a recently opened "Inspiration Shop," promotes these new types of eBay products in addition to the mobile app. At the Inspiration Shop window display on New York City's Park Avenue, passersby can look up curated items -- like eco-friendly Hunter rain boots -- on their phones by scanning QR codes which take them to marketplace listings. EBay hopes shoppers will use the feature to check bar codes in stores and compare prices to those on the marketplace.<br />
<br />
<strong>An eBay Vintage<br />
</strong><br />
Karen Drake, the longtime eBay seller, was better served by eBay's 2007 holiday campaign, where <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3Dvh_uHh86y80">packs of shoppers on horseback chased through the brush in hot pursuit of a vintage Evel Knievel lunch box</a>. Today, sellers like Drake are fast becoming rare items themselves. Drake says the company is partially responsible for their departures by airing ads that promote certain sellers and disadvantage others. <br />
<br />
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According to Ina Steiner, a former market research analyst and founder of <a href="http://www.auctionbytes.com/">AuctionBytes</a>, which covers e-commerce news geared towards small businesses, many longtime sellers feel that they lose business when eBay pushes new, brand name products on consumers, both via ads and search features like "Best Match," which uses an algorithm to sort listings by seller size and rating, among other factors.<br />
<br />
"Up until 2008, there was a contract between eBay and its sellers to have a level playing field," Steiner explains. "Longtime sellers and small sellers feel that [since] eBay has made trust violations."<br />
<br />
Last week on AuctionBytes, <a href="http://blog.auctionbytes.com/cgi-bin/blog/blog.pl?/pl/2011/10/1319407868.html">one seller wrote to Steiner's blog to complain</a> about Neiman Marcus's status as a "Top Rated Seller," despite its high number of negative feedback ratings.<br />
<br />
"This is UNDENIABLE PROOF . . . that the rules are DIFFERENT FOR BIG BOX SELLERS on Ebay," the seller wrote.<br />
<br />
Many small sellers left eBay after 2008, moving to other websites or even returning to in-person sales at flea markets and auction houses. But others have stayed, unable to find another marketplace with a comparable user base that also allows their types of listings. <a href="http://www.etsy.com">Etsy</a> and <a href="http://www.bonanza.com">Bonanza</a> are much more niche than eBay, and Amazon doesn't do used clothing. <br />
<br />
"If any other site existed, 95% of the sellers I know would leave eBay," Drake says. Drake, who regularly keeps up with about 150 other used clothing sellers via an email listserv, says that she and many of her peers called eBay to complain when they saw the ads. <br />
<br />
<strong>Consumer-led Commerce<br />
</strong><br />
EBay says that its new ads aren't meant to alienate or disadvantage, but to show shoppers the diversity of merchandise available. "EBay has options of how to shop -- online at a computer or on the go with custom mobile apps -- and options of what to buy that include both new and used items," an eBay spokesperson told <em>DailyFinance</em>.<br />
<br />
"The campaign is also raising awareness of our mobile offering," she wrote in an email. "eBay's aggressive innovation in Mobile commerce directly benefits and empowers sellers of all sizes as their inventory is showing up on mobile devices around the world."<br />
<br />
While any listing -- auction or otherwise -- can be looked up by the app, sellers of used items doubt that they will get much of the $5 billion mobile sales pie. Antiques don't have QR codes that show up in searches, and hasty mobile shoppers often fail to read detailed descriptions or examine full sized photos. This results in dissatisfied customers, according to Steiner, as well as returns and bad feedback. (While the app also includes a selling function, it's not much of a help for professional sellers listing many items a day, Steiner adds.)<br />
<br />
But the biggest issue for sellers like Drake is eBay deciding what consumers want on their behalf. "Long-time vendors I hear from aren't convinced that [the move to new, buy-it-now products] is an organic phenomenon," says Steiner. "They feel that eBay is pushing it on consumers." <br />
<br />
EBay insists that all of its changes are inspired by its desire to help shoppers find what they want, how they want it. "Our company is focused on enabling commerce," <a href="http://seekingalpha.com/article/300719-ebay-s-ceo-discusses-q3-2011-results-earnings-call-transcript">Donahoe explained to analysts</a> on the Q3 call. "Retail must be technology-enabled and consumer-led."<br />
<br />
Shoppers looking for collectibles and vintage items also still come to eBay, though one-of-a-kind items are now harder to find beneath the flood of new goods. <br />
<br />
"I would just like to know where to go online to get great vintage, antiques and collectibles," says Janel Scott, another long-time buyer and seller of used clothing and collectibles from Appleton, Wis. "For now, we still look on eBay."<br />
<br />
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</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/02/ebays-buy-it-new-rebranding-angers-devoted-used-goods-sellers/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20094295/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/02/ebays-buy-it-new-rebranding-angers-devoted-used-goods-sellers/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>advertising</category><category>Amazon.com Inc</category><category>auction</category><category>buy it new</category><category>BuyItNew</category><category>EBay</category><category>ebay app</category><category>EbayApp</category><category>Finance</category><category>iphone</category><category>John Donahoe</category><category>mobile sales</category><category>MobileSales</category><category>Neiman Marcus</category><category>QR Code</category><category>Sci/Tech</category><category>secondhand</category><category>smartphone</category><category>used</category><category>vintage</category><dc:creator>Alice Hines</dc:creator><pubDate>Wed, 02 Nov 2011 16:26:00 EST</pubDate></item><item><title>Filene's Files for Bankruptcy (Again), Just In Time for Holiday Shopping</title><link>http://www.dailyfinance.com/2011/11/02/filenes-files-bankruptcy-again-just-in-time-for-holiday-shop/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/11/02/filenes-files-bankruptcy-again-just-in-time-for-holiday-shop/</guid><comments>http://www.dailyfinance.com/2011/11/02/filenes-files-bankruptcy-again-just-in-time-for-holiday-shop/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a></p><img vspace="4" hspace="4" border="0" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/11/filenes-basement-240em11211.jpg" alt="Filene's Files for Bankruptcy (Again), Just in Time for Holiday Shopping" /><em>This story was updated on 9/2/11 at 1:40 pm</em><br />
<br />
Be on the look out for going-out-of-business sales at a Filene's Basement near you. The Massachusetts-based discount retailer announced Wednesday morning that it has filed for bankruptcy -- for the third time -- and plans to close its 21 discount stores in the next few months.<br />
<br />
The Chapter 11 filing was <a href="http://www.businesswire.com/news/home/20111102005814/en/Syms-Filene%E2%80%99s-Basement-File-Bankruptcy">announced Wednesday morning by parent company Syms Corp</a> (<a href="http://www.dailyfinance.com/quote/nasdaq/syms-corp/syms">SYMS</a>), which is also filing for Chapter 11. Syms, another discount retailer, acquired Filene's Basement for $62.4 million in June 2009 after the store had declared its second bankruptcy and closed 11 stores. <br />
<br />
Competition from other large department stores, a proliferation of private discounters and "the worst economic downturn in our lifetimes" were all too much for the 102-year-old Filene's Basement, making it impossible for Syms to turn the business around, according to the press release. <br />
<br />
During the past year, Filene's Basement attempted to close and liquidate under-performing stores in order to avoid bankruptcy, according to documents filed in <a href="http://www.kccllc.net/Docket/SearchResults.asp?T=2963">Delaware Bankruptcy Court</a>. But "business continued to deteriorate," wrote Gary Binkoski, Syms' CFO, in his court statement. <br />
<br />
Syms is now planning a "wind-down" of its and Filene's Basement's retail businesses in order to "to capitalize on the upcoming holiday shopping season" and the "Black Friday shopping opportunity," according to court documents. It plans to liquidate inventories through January 2012.<br />
<br />
<strong>Before the Bankruptcy<br />
</strong><br />
"There was no energy, no newness, no freshness in Filene's and Syms," says Mike Tesler, a partner at Boston-based retail consultancy firm Retail Concepts. "Retail is all about change."<br />
<br />
The increased buying power of discounter-giants like TJ Maxx and the rise of private brands with their own outlet stores made it difficult for Filene's Basement to access merchandise in recent years, says Tesler, who has consulted in the past both for Filene's Basement and separately owned Filene's (acquired by Macy's in 2005).<br />
<br />
But the nail in the coffin for Filene's Basement was losing its flagship store. In 2007, the downtown Boston location, <a href="http://articles.boston.com/2011-06-18/business/29674766_1_marcy-syms-davia-temin-new-concept/3">which made up 25% of company sales</a> and was one of the city's prime tourist attractions, closed temporarily to make way for a new skyscraper development. When the real-estate market crashed, the development stalled, leaving Filene's Basement without a flagship up until today. In 2009, the company filed for bankruptcy.<br />
<br />
"The heart of the organization was ripped out," Tesler says. "It would be like Macy's losing their 34th street store."<br />
<br />
For much of the 20th century, Filene's Basement was a Boston institution. It was first opened in 1909 in the basement of Filene's department store, and became famous for marking down items on an automatic schedule based on how long they had been in the store.<br />
<br />
As for the 2,465 employees of Filene's Basement and Syms stores, distribution centers and corporate office, Syms has requested the Delaware court to allow it to continue to pay wages and benefits during the wind-down process, as well as meet retirement and other pension obligations post-liquidation.<br />
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<div style="clear:both;"> </div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/11/02/filenes-files-bankruptcy-again-just-in-time-for-holiday-shop/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20096780/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/11/02/filenes-files-bankruptcy-again-just-in-time-for-holiday-shop/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Chapter 11</category><category>Chapter11</category><category>christmas shopping</category><category>ChristmasShopping</category><category>Filenes bankruptcy</category><category>Filenes Basement</category><category>FilenesBankruptcy</category><category>FilenesBasement</category><category>going out of business</category><category>going out of business sale</category><category>GoingOutOfBusiness</category><category>GoingOutOfBusinessSale</category><category>holiday shopping</category><category>HolidayShopping</category><category>syms corp</category><category>SymsCorp</category><dc:creator>Alice Hines</dc:creator><pubDate>Wed, 02 Nov 2011 12:30:00 EST</pubDate></item><item><title>Spook Sells: Halloween's Eerie Evolution Into a $6 Billion Industry</title><link>http://www.dailyfinance.com/2011/10/28/spook-sells-halloweens-eerie-evolution-into-a-6-billion-indus/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/10/28/spook-sells-halloweens-eerie-evolution-into-a-6-billion-indus/</guid><comments>http://www.dailyfinance.com/2011/10/28/spook-sells-halloweens-eerie-evolution-into-a-6-billion-indus/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/people/" rel="tag">People</a></p><img vspace="4" hspace="4" border="0" align="right" alt="Halloween's eerie evolution into a $6 billion industry" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/brandonpatch-240em102811.jpg" />Looking for a last-minute costume isn't too tough these days. In strip malls across the country, temporary Halloween stores have popped up in vacant retail spaces like an orange-spotted rash. But back when Chuck Martinez was growing up in the 1970s, the idea of a store devoted entirely to Halloween was considered kind of crazy, or at best, a silly business plan.<br />
<br />
Martinez had an unusual job. He worked at a San Diego Sears Roebuck as a company magician, performing at store openings and company meetings. He also helped out at his mom's magic store. Every Halloween, the pair watched new shoppers flock in, searching for costumes. "We'd do as much business in October as the rest of the year combined," he recalled.<br />
<br />
<img vspace="4" hspace="4" border="0" alt="" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/halloween-adventure-5-615em102811.jpg" /><br />
<em>People shop for Halloween costumes at the Halloween Adventure store in New York Thursday Oct. 27, 2011.<br />
</em><br />
Sensing an opportunity, Martinez told Sears that he wanted to open a temporary Halloween store within its San Diego store. "Everyone thought it was crazy. But I felt very strongly it could work." To get the hefty deposit that Sears required, Martinez convinced his mom to take out a mortgage on her house. <br />
<br />
The shop was a hit. And Martinez went on to help Sears (<a href="http://www.dailyfinance.com/quotes/sears-holdings-corporation/shld/nas" class="inlinked">SHLD</a>) open temporary Halloween stores across the country, spending the '80s developing the Halloween Shop at Sears. He sold the Sears enterprise in 1988 for $6 million -- a huge sum back then but just a small slice of 2011 Halloween money. The National Retail Federation estimates <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.dailyfinance.com%2F2011%2F10%2F25%2Fno-trick-its-adult-revelers-who-drive-halloween-spending%2F&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNHOtfxt3OVha1OfAJoaRgajY17V3Q">Halloween spending will reach $6.86 billion this year.</a><br />
<br />
Martinez, who went on to found Disguise Inc., one of the world's biggest costume makers, is one of a few unlikely, if not accidental, businessmen who fell into Halloween in the 1970s and 1980s and have watched it grow from an indie enterprise to a massive industry. Marc Beige, CEO of Rubie's Costumes, another large operation, jokes that they are the "Icons of Horror."<br />
<strong><br />
Pop-Ups Pop Up Everywhere</strong><br />
<br />
Temporary Halloween stores have boomed in the years since the Sears experiment, growing in the past 10 years at a faster rate than spending for the holiday. In 1999, chain retailer Spirit Halloween, now owned by Spencer Gifts, operated 63 temporary Halloween stores. This season, it has 970 in the U.S. and Canada. Halloween Express, a Kentucky-based franchise <a href="http://local.cincinnati.com/share/news/story.aspx?sid=156303&amp;cid=100278">launched in 1990 by a party store entrepreneur</a>, had <a href="http://www.prweb.com/releases/2006/10/prweb445452.htm">130 stores </a>in 2006. Halloween USA, a Michigan-based chain of pop-ups, had<a href="http://www.google.com/url?q=http%3A%2F%2Fm.sellinghalloween.edgl.com%2FMagazineDetailPage.aspx%3Farticle%3D35834"> 100 stores in t</a>he same year. Today, the two have expanded to 300 and 400 pop-ups, respectively. Many more local chains have followed suit.<br />
<br />
The past five years have been explosive. In Manhattan, Ricky's NYC, a beauty chain, opened up <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.inc.com%2Fmagazine%2F201110%2Fperfecting-the-halloween-pop-up.html&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNHZg_TtO0qEHCi0QarlD14DPhmEFw">30 Halloween pop-ups this year in the greater New York area</a>. In the suburbs, pop-ups are practically ubiquitous. In Akron, Ohio, a city of 200,000 an hour south of Cleveland, there are ten Halloween stores this year, says Debbie Meredith, the owner of Akron Design.<br />
<br />
"Halloween has become so popular that it's just about killing itself," Meredith says. She started her store 31 years ago in her basement, when she was sewing costumes for her friends' Halloween parties. Her first costume (<a href="http://www.akrondesign.com/Animal&amp;Fruit/Fruits&amp;VeggiesPages/GrapesPurp%20$55.html">still available for rental on the company's website</a>) was a purple grape suit inspired by the 1978 Fruit of the Loom commercial.<br />
<br />
Stores like Meredith's that stayed local, while others expanded, are today under siege, encroached upon by big chains like Walmart (<a href="http://www.dailyfinance.com/quotes/wal-mart-stores-inc/wmt/nys" class="inlinked">WMT</a>) as well as the pop-up stores. "It's really hard [to compete] when you pay taxes and keep people employed year-round." She had managed to survive in part by moving sales to the web. Meredith, who is vice president of the <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.costumers.org%2F&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNESysRIVeReUtlKC4WCR1tezjpQ5A">National Costumers Association</a>, says that the trade group has seen 20% of the 1,800 year-round costume shops it monitors close since 2006.<br />
<br />
Ironically, at the nadir of the economic crisis in 2009, when all other stores were suffering, Halloween pop-ups were at their peak, scooping up empty, low-rent space formerly occupied by stores like Circuit City and Linens 'n' Things. This year, many of the stores are opening in former <a href="http://brandon.patch.com/articles/halloween-costume-store-opening-in-former-borders-building-at-brandon-crossroads">Borders locations</a>, though competition for space is now much fiercer, industry insiders say.<br />
<br />
<strong>Adventures and Acquisitions</strong><br />
<br />
In the 1980s, others caught onto Martinez's good idea. Big chains like Walmart and Macy's (M) followed Sears by stocking Halloween goods. Meanwhile, other individuals had been striking gold with Halloween stores in malls, as more and more grown-ups starting dressing up for the holiday.<br />
<br />
Perhaps the most legendary of all the Halloween stores, however, is New York City's Halloween Adventure. The huge store, which runs the width of a city block, was launched in 1996 by actor and former Halloween kiosk operator Bruce Goldman and Tony Bianchi, an artist and mask maker. The store was a natural next step for the pair, who had teamed up to create theatrical Halloween pop-ups -- "entertainment retail," as Goldman explained to <em>The New York Times</em> in 1994.<br />
<br />
<img vspace="4" hspace="4" border="0" align="middle" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/halloween-adventure-2-615em102811.jpg" alt="Halloween's eerie evolution into a $6 billion industry" /><br />
On a recent Wednesday, Halloween Adventure was crawling with children, bachelors, students, couples -- even rock star Elvis Costello and his son (so a salesperson claimed) were there. Also in attendance: 100 costumed employees, 60 of whom were hired for the season. Bianchi, now 66 and on his 15th Halloween at the location, was running around in a feathered cap helping customers and talking to journalists. While the store is open year-round, Bianchi says Halloween accounts for 60% of business.<br />
<br />
From his perch, Bianchi has watched the quirky Village celebration transform into an international industry. "The [big] chains realized there was a holiday between Back to School and Christmas," he says. October is otherwise a dead month for retail, and when a few retailers began to make money, others big and small took notice. Costume manufactures also played a role, creating more elaborate costumes to fill the new stores and feed the burgeoning demand.<br />
<br />
<img vspace="4" hspace="4" border="0" align="middle" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/halloween-adventure-1-615em102811-1319817373.jpg" alt="how halloween became big business" /><br />
<em>Anthony Bianchi, owner of Halloween Adventure, poses in his New York store.</em><br />
<br />
With the current state of competition in the industry, Bianchi's lucky to have his prime New York City location and eager East Village clientele. "We're like the FAO Schwarz of Halloween," he says. Every year without fail on Oct. 31, shoppers line up around the block to get costumes before the store closes at 10 p.m.<br />
<br />
<strong><br />
Superstore Success</strong><br />
<br />
Spirit Halloween, acquired by Spencer's in 1999, was probably the first chain to open a "superstore" of the kind we see today, a 20,000-plus-square-foot box. Spencer Gifts was able to take the concept to a much bigger place when it bought Spirit, notes Martinez. In the 2000s, other chains like Halloween City were acquired by big companies like Amscan. Meanwhile, local businesses, inspired by their success, tried their hands at pop-ups through franchises like Halloween Express or private ventures.<br />
<br />
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According to Bianchi, many of the operators who opened pop-ups in the 2000s were more interested in money than the meaning of the holiday. "I'm connected with the aesthetic of Halloween, the silliness of the holiday from infants to old age," he says. "Pop-ups tend to be slapped together."<br />
<br />
Still, the line separating the originals from the opportunists isn't always clear. Some "mom and pop" costume stores have become national chains. Other pop-ups are now trying their hands at permanent retail. In addition to Bianchi's location, Halloween Adventure now operates 26 permanent toy stores, all of which become Halloween stores during the season.<br />
<br />
But no matter how you look at it, what seemed like an all-you-can eat retail buffet ultimately turned cannibalistic. "Margins are big, and it looks like a no-brainer," Bianchi says. "Then stores copy each other. You see them all along the highways up and down New Jersey. They wipe each other out."<br />
<br />
<strong>Business of Fantasy</strong><br />
<br />
Martinez and some of the other "icons" express regret that so many small costume shops -- similar to the one he and his mother once owned -- have closed. "I think what happened is Halloween really grew up," he says. "Those baby boomers took it along with them to celebrate in an adult fashion and to pass on to their kids as a more involved experience."<br />
<br />
"Europe has carnival and masquerade," he says. "This is the closest thing we have to a fall harvest festival."<br />
<br />
Meredith also acknowledges that the growth that has hurt her store has been wonderful for consumers. While some of the fantasy and creativity she loved about Halloween has been lost, the holiday is now accessible to more people. Today, anyone can buy a costume for as little as $5, if they don't mind being a stock character -- a vampire, witch, zombie, etc. -- or last year's forgotten superhero hit.<br />
<br />
Meanwhile, there are still some hardcore Halloweeners and costume fanatics keeping the holiday weird. New York shoppers who don't find anything in the two neighboring pop-ups on Broadway can still wait in line to dig around Bianchi's store, or else browse the wealth of costumes available online. This year, Meredith's surprise hits were 25 homemade hamster masks (made popular by the Kia Soul commercials) that she<a href="http://www.ebay.com/itm/Hamster-Mask-plastic-fur-covered-3-4-hamster-mask-/230685838608?pt=LH_DefaultDomain_0&amp;hash=item35b5f28d10#ht_720wt_972"> sold for $75 a pop on eBay</a>. No other manufacturer could produce them fast enough.<em><br />
<br />
</em><img vspace="4" hspace="4" border="0" align="middle" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/halloween-adventure-3-615em102811-1319817595.jpg" alt="Halloween's eerie evolution into a $6 billion industry" /><br />
<em> People shop for Halloween costumes at the Halloween Adventure store in New York.</em><br />
<br />
<img vspace="4" hspace="4" border="0" align="middle" alt="Halloween's eerie evolution into a $6 billion industry" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/halloween-adventure-4-615em102811.jpg" /><br />
<em>Nicole New, left, Aja Stephens and Eric Jacobsen consider costume options.</em><br />
<br />
<img vspace="4" hspace="4" border="0" align="middle" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/halloween-adventure-6-615em102811.jpg" alt="Halloween's eerie evolution into a $6 billion industry" /><br />
<em>Customers wait to pay for their costumes at Halloween Adventure.<br />
<strong><br />
<br />
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</em></a><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/10/28/spook-sells-halloweens-eerie-evolution-into-a-6-billion-indus/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20092023/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/10/28/spook-sells-halloweens-eerie-evolution-into-a-6-billion-indus/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>adult costumes</category><category>AdultCostumes</category><category>Chuck Martinez</category><category>Circuit City Stores Inc</category><category>Entertainment</category><category>halloween costumes</category><category>HalloweenCostumes</category><category>New York City</category><category>pop-up store</category><category>Pop-upStore</category><category>Spencer's</category><category>The Godfather</category><category>The New York Times</category><category>Wal-Mart</category><dc:creator>Alice Hines</dc:creator><pubDate>Fri, 28 Oct 2011 12:30:00 EST</pubDate></item><item><title>Can Marimekko's Colorful Prints and Crafty Attitude Conquer U.S.?</title><link>http://www.dailyfinance.com/2011/10/15/can-marimekkos-colorful-prints-and-crafty-attitude-conquer-u-s/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/10/15/can-marimekkos-colorful-prints-and-crafty-attitude-conquer-u-s/</guid><comments>http://www.dailyfinance.com/2011/10/15/can-marimekkos-colorful-prints-and-crafty-attitude-conquer-u-s/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a></p><img vspace="4" hspace="4" border="1" align="right" alt="" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/marimekko.jpg" /> The new Marimekko store in New York's Flatiron district looks like a world adult Teletubbies might inhabit. Poppies splatter every surface, huggable pillows abound, towers stacked ceiling-high with textiles preside over the store like benevolent totems. Walking in, you feel warm, optimistic and multicultural. You might even feel cheery enough to pick up that old sewing project hidden in the bottom of your closet, armed with bright new fabric to motivate you.<br />
<br />
Or at least, that's what the company hopes. "We provide inspiring tools for people," says Lynn Shanahan, president of Marimekko North America. "It's a brand that makes you feel good."<br />
<br />
Marimekko -- which translates from Finnish as "Mary's Dress" or a dress for Everywoman -- is an unusual retail concept. Shoppers can buy its mod-printed fabrics by the yard, or already made into everything from ties to dresses, baby rompers to mugs, pillows to shower curtains. The brand is built not around a product-type such as apparel or housewares, but a single common material, for which it dreams up a range of different uses. <br />
<br />
On Wednesday, in the 4,000-square-foot flagship store, shoppers embraced the Utopian mood. One mom -- also a womenswear designer -- was buying "ragrug" print fabric to make a school outfit for her 4-year-old son. A doctor bought a yard of Lumimarja or "snowberry" print that she plans to stretch over a frame and hang in her office. <br />
<br />
The idea is that if people like the prints, they can incorporate them into diverse areas of their lives -- and even think of new ways to use them. But do today's sophisticated New Yorkers really want loud, retro florals in their wardrobes? And as the brand plans more outlets around the US, can it really inspire a generation raised in Rooms-to-Go to pick up a needle and thread?<br />
<br />
<strong>First lady's Favorite</strong><br />
<br />
Jackie-O would say yes.<br />
<br />
Fifty years ago, the Finnish design house -- first conceived in 1951 a textile-manufacturers' wife with a scheme to perk up post-war Europe with prints -- was made famous by Jackie Kennedy, who wore the company's dresses on her husband's much-photographed presidential campaign. <br />
<br />
The mod fabrics and loose dresses, with their liberated, bohemian edge, soon caught on with the masses. In the 1960s and '70s, Marimekko was sold nationwide at 50 retailers, with its own section in many of the big department stores. In 1967, the company formed a partnership with Crate &amp; Barrel, which began selling its fabrics by the yard and using them in designs. <br />
<br />
But an aesthetic that defines an era is also quick to lose its appeal. By the time founder Armi Ratia died in 1979, Marimekko's popularity had already begun to wane as its prints became dated. In 1987, the company opened a flagship store on 56th street in New York in an attempt to rebrand. As the <a href="http://www.nytimes.com/1988/01/03/business/marimekko-changes-its-spots.html?pagewanted=all&amp;src=pm"><em>New York Times</em> reported in 1988,</a> "[Marimekko] does not want to be clothier to the aging hippies and middle-aged leftist intellectuals who made it famous 20 years ago."<br />
<br />
But the effort proved vain, and the store closed two years after opening due to high overhead costs. In the '90s, owners largely stopped pursuing the international market, and Crate &amp; Barrel ceased to sell <a href="http://articles.sfgate.com/2002-03-27/home-and-garden/17536790_1_marimekko-global-design-finnish">everything but the fabrics.</a><br />
<br />
<strong>A Swinging Comeback<br />
</strong><br />
Today, Marimekko is back and ready to sell its hippy past. Since 2000, company has expanded its market in Asia, in particular Japan, where its prints have attained a cult following. Meanwhile, in the U.S., Crate &amp; Barrel has reintroduced some of its Marimekko products, culminating in the opening of seven Marimekko "stores-within-a-store" last year in New York, Florida, Chicago, San Francisco, and L.A.<br />
<br />
Since joining the company in 2007, CEO Mika Ihamuotila, a former bank CFO, has pushed <a href="http://www.cnbcmagazine.com/story/the-unfashionista/1413/1/">for international expansio</a>n. New flagship stores are slated to open soon in Boston, Miami, Stockholm, Oslo, London and Copenhagen, as the <a href="http://www.google.com/url?q=http%3A%2F%2Fwww.hs.fi%2Fenglish%2Farticle%2FMarimekko%2Bexpands%2Bdespite%2Blosses%2F1135268638924&amp;sa=D&amp;sntz=1&amp;usg=AFQjCNERQzpaxvArs_cBSWGUlkbr0dXo1A">Finnish newspaper <em>Helsigin Sanomat</em> reported</a> in August. Still a small company, with sales of $150 million in 2010, global sales grew by 23% in the first half of 2011.<br />
<br />
<strong>A New Nest in the U.S.?</strong><br />
<br />
Ihamuotila acknowledges that <a href="http://www.hs.fi/english/article/Marimekko+setting+out+stall+to+conquer+USA+despite+economic+crisis/1135260895274">investing in New York "is a considerable risk</a>." Still, his company suspects that Americans are ready to trade their "heavy, masculine" interior furnishings for "fresher, more simplistic forms," as he told the <em>Helsingin Sanomat</em> in 2010.<br />
<br />
But even with its new New York flagship open, Marimekko is a long way from finding its way into Michelle Obama's closet. While the prints are remembered by many, they remain a distinctive, niche look. And even the most crafty, Martha-Stewart-worshiping housewives of today buy less designer fabric than their 1970s-era counterparts. <br />
<br />
Shanahan is optimistic about the success of the fabric by the yard component. "There's been a resurgence of nesting," she says. "In this economy, people look at themselves and say, 'I have some creativity in me.' Rather than hiring a decorator, they want to learn how to do things themselves."<br />
<br />
Marimekko's fabric line will be competing with large textile and craft stores, which have hundreds of locations across the country and sell a huge number of brands at a range of prices. At Jo-ann Fabric's 750 or so stores, for example, printed cotton fabric can be found for as little as $10 a yard. Meanwhile, the <a href="http://usstore.marimekko.com/make/isot-kivet-cotton-fabric.asp">cheapest Marimekko fabric</a> starts at $28 a yard and is only sold through the company's store, its <a href="http://us.marimekko.com/">website</a>, its Crate &amp; Barrel's partners, and handful of independently owned "concept" franchises and specialty design stores.<br />
<br />
Still, perhaps Marimekko's specialty designs and unique retail strategy will be enough to distinguish it as a shopping destination. Another Nordic retailer -- IKEA -- has succeeded wildly in importing its design aesthetic and unusual shopping model stateside. <br />
<br />
IKEA has also done much to raise awareness of Scandinavian design in the U.S., says Mara Devitt, a partner analyst at McMillan Doolittle. This has helped pave the way for a store like Marimekko.<br />
<br />
Devitt is optimistic about Marimekko's success, comparing its retail strategy to that of Laura Ashley twenty years ago. "Marimekko sells a curated look," she says. "Which, if you like, you can access in one easy stop, and also have the ability to creatively bring it into your home environment." <br />
<br />
Laura Ashley was wildly popular in its time, covering everything from fabrics, to sheets, to clothing with sugary bows and roses. Still, "The look became tired," Devitt says. "This will ultimately be the challenge for Marimekko."<br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/10/15/can-marimekkos-colorful-prints-and-crafty-attitude-conquer-u-s/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20081252/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/10/15/can-marimekkos-colorful-prints-and-crafty-attitude-conquer-u-s/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Crate &amp; Barrel</category><category>design</category><category>DIY</category><category>Entertainment</category><category>fabric</category><category>finland</category><category>Flatiron District</category><category>Jacqueline Kennedy Onassis</category><category>jo-ann stores</category><category>Jo-annStores</category><category>Marimekko</category><category>sewing</category><category>textiles</category><dc:creator>Alice Hines</dc:creator><pubDate>Sat, 15 Oct 2011 07:00:00 EST</pubDate></item><item><title>Some Protesters Find Ben &amp; Jerry's Support Hard to Swallow</title><link>http://www.dailyfinance.com/2011/10/12/some-protesters-find-ben-and-jerrys-support-hard-to-swallow/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/10/12/some-protesters-find-ben-and-jerrys-support-hard-to-swallow/</guid><comments>http://www.dailyfinance.com/2011/10/12/some-protesters-find-ben-and-jerrys-support-hard-to-swallow/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/consumer-ally/" rel="tag">Consumer Ally</a>, <a href="http://www.dailyfinance.com/category/consumer-goods/" rel="tag">Consumer Goods</a>, <a href="http://www.dailyfinance.com/category/economy/" rel="tag">Economy</a></p><img vspace="4" hspace="4" border="0" align="right" alt="Ben and Jerry feeds ice ceam to Occupy Wall Street, Unilever mum" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/ben-and-jerry-240em101111.jpg" />Ben &amp; Jerry's fed 600 protesters ice cream at Occupy Wall Street's home base in New York's Zuccotti Park on Tuesday. The Vermont-based ice cream vendor is the first large company to have <a href="http://www.benjerry.com/activism/occupy-movement/">declared public support of the movement</a>, expressing its "deepest admiration" for the protesters in a statement released last weekend via the company's website.<br />
<br />
At the protest's Food Committee headquarters in the center of Zuccotti park, hungry protesters line up to be served by volunteers in aprons, who rush around to keep donated food plentifully stocked on long buffet tables. On Tuesday afternoon, the free ice cream--served with little fanfare and no corporate logos-- was devoured within hours. <br />
<br />
But that evening, protesters expressed mixed feelings about corporations latching onto their cause. Some, like Jules Caldarera, a 20-year-old student from New Mexico, were excited to see support from a high-profile company like Ben &amp; Jerry's. Many didn't realize that the ice cream was from Ben &amp; Jerry's. Others found it strange that any company would support an anti-corporate protest. <br />
<br />
"It's problematic," says Donal Foreman, a 26-year-old from Ireland. Foreman has been attending the protests since their launch but wasn't there to eat any of the free treats during the day on Tuesday. "Ben &amp; Jerry's is co-opting the movement." <br />
<br />
Regardless, the brand has aligned itself with Occupy Wall Street's values. In its statement, Ben &amp; Jerry's independent board of directors decries "the inequity that exists between classes in our country," as well as the fact that "corporations are permitted to spend unlimited resources to influence elections while stockpiling a trillion dollars rather than hiring people."<br />
<br />
"Ben and Jerry's is a corporate entity." Foreman points out. "Their primary interest is profit and giving away ice cream doesn't change or threaten that."<br />
<br />
"Still, it's hard to say no to free ice cream," he adds.<br />
<br />
<strong><span>Corporate Owner Mute<br />
</span></strong><br />
Unilever (<a href="http://www.dailyfinance.com/quotes/un/NYS">UN</a>)(<a href="http://www.dailyfinance.com/quotes/ul/NYS">UL</a>), the parent company of Ben and Jerry's (as well as Lipton, Dove and Axe, among other brands) might very well agree with Foreman. A Unilever spokesperson told <em>DailyFinance</em>, "Unilever maintains a neutral position with regard to social movements and will make no public statements about this particular campaign."<br />
<br />
Unilever is a publicly traded, multinational conglomerate with <a href="http://www.unilever.com/images/ir_annual_report_2010_tcm13-260379.pdf">167,000 employees and operating profits of $6.3 billion in 2010</a>. It donates hundreds of thousands of dollars to lobbying groups each year ($750,000 in 2010, according to <a href="http://www.opensecrets.org/lobby/client_reports.php?id=D000030608&amp;year=2010">statements filed to Congress</a>), in support of such causes as the free trade of sugar -- a key ingredient in ice cream.<br />
<br />
<div> </div>
<div>Ben &amp; Jerry's is a wholly-owned subsidiary of Unilever, which is responsible for all business decisions, and appoints its own independent board of directors. All of Ben &amp; Jerry's profits go to Unilever. Ben &amp; Jerry's did not respond to requests for comment.</div>
<div><br />
<strong>Crunchy Brand, Competitive World<br />
</strong>Ever since Ben &amp; Jerry's was bought by Unilever for <a href="http://www.nytimes.com/2010/11/17/business/global/17iht-rbofice.html">$326 million in 2000,</a> the ice-cream maker has struggled to maintain its crunchy image amid competitive business practices. <br />
<br />
Founders Ben Cohen and Jerry Greenfield (<a href="http://www.ft.com/intl/cms/s/0/f3a37bb4-7d20-11df-8845-00144feabdc0.html#axzz1aUIdN1Ur">who tried to prevent the buyout</a>) no longer hold management positions, remaining involved solely as brand ambassadors. Executive salaries -- once capped at seven times the salary of the lowest paid employee -- are now undisclosed. And the company's 2009 commitment to fair trade ingredients proved a <a href="http://www.ft.com/intl/cms/s/0/4020e4d6-1be7-11df-a5e1-00144feab49a.html#axzz1aUIdN1Ur">struggle to implement under Unilever's oversight</a>, as the founders revealed to the<em> Financial Times</em>.<br />
<br />
Ultimately, Unilever OK'd fair trade for Ben &amp; Jerry's, deciding that "a more sustainable brand is often a more desirable brand," <a href="http://www.nytimes.com/2010/11/17/business/global/17iht-rbofice.html">a spokesman told <em>The </em><em>New York Times</em></a> later that year. The brand is now in the process of sourcing fair trade ingredients for all its U.S. products, a project it hopes to have completed by 2013.<br />
<br />
<strong>Protest vs. Profit<br />
</strong><br />
Ben &amp; Jerry's progressive and independent image remains essential to its success as a brand, says Tom Zara, the Global Practice Leader of Corporate Citizenship at Interbrand. <br />
<br />
"Ben &amp; Jerry's is about celebrating individuality, self expression, and the political process in its good, bad, and ugly forms ... It's very much in its DNA to participate in what is a modern version of Woodstock," he explains.<br />
<br />
Occupy Wall Street is only the company's most recent cause. Ben &amp; Jerry's has released flavors like <a href="http://www.benjerry.com/activism/feature/ge-salmon/">"Something's Fishy,"</a> in protest of FDA approval of genetically engineered salmon, and "Yes, Pecan!", after Barack Obama's election. It has also moved to use cage-free eggs in its ice cream, and pays workers at its Vermont plant a "living wage" significantly above the state minimum.<br />
<br />
But rarely have Ben &amp; Jerry's activist endorsements directly conflicted with the practices of its parent company. While the nebulous demands of Occupy Wall Street make it hard to define specific points of disagreement, the lobbying money spent by Unilever seems inconsistent with the message posted on Ben &amp; Jerry's website Saturday.<br />
<br />
"Unilever respects the unique social mission of Ben &amp; Jerry's and the independence of its board in speaking out on social issues," the Unilever spokesperson told <em>DailyFinance</em>.<br />
<br />
According to Zara, allowing Ben &amp; Jerry autonomy in branding itself as anti-establishment and associating with the protest is ultimately in Unilever's interest. "While as the owner [Unilever] has the license to do anything it wants with Ben &amp; Jerry's ... the unique brand is a quantifiable contribution to the bottom line," he says. "The asset they bought would diminish in value if they were to change it." <br />
<br />
In other words, endorsements of protests can turn into profit. <br />
<br />
Still, some Occupiers defend their favorite ice cream brand, maintaining that its interest in the protest is genuine despite possible benefit to Unilever. <br />
<br />
For Jules Caldarera, the protester from New Mexico, Ben &amp; Jerry's giveaway reminded her of its pre-corporate past. "I don't think it's a marketing scheme," she says. "Ben &amp; Jerry's cares about the cause and are donating real support in the form of food."<br />
<br />
"They're not like the Democratic party," she added.</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/10/12/some-protesters-find-ben-and-jerrys-support-hard-to-swallow/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20079226/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/10/12/some-protesters-find-ben-and-jerrys-support-hard-to-swallow/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Ben &amp; Jerry's</category><category>Ben Cohen</category><category>Corporate social responsibility</category><category>endorsement</category><category>Jerry Greenfield</category><category>Occupy Wall Street</category><category>OccupyWallStreet</category><category>progressive</category><category>protest</category><category>protestors</category><category>unilever</category><dc:creator>Alice Hines</dc:creator><pubDate>Wed, 12 Oct 2011 12:15:00 EST</pubDate></item><item><title>Not So Friendly's: Bankrupt Restaurant Chain Lays Off 1,260 Overnight</title><link>http://www.dailyfinance.com/2011/10/06/not-so-friendlys-bankrupt-restaurant-chain-lays-off-1-260-over/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/10/06/not-so-friendlys-bankrupt-restaurant-chain-lays-off-1-260-over/</guid><comments>http://www.dailyfinance.com/2011/10/06/not-so-friendlys-bankrupt-restaurant-chain-lays-off-1-260-over/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/bankruptcy/" rel="tag">Bankruptcy</a>, <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/layoffs/" rel="tag">Layoffs</a>, <a href="http://www.dailyfinance.com/category/food-beverage/" rel="tag">Food &amp; Beverage</a>, <a href="http://www.dailyfinance.com/category/economy/" rel="tag">Economy</a></p><img align="right" alt="" border="1" hspace="4" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/friendlys.jpg" vspace="4" /> Friendly's Ice Cream Corp. laid off 1,260 employees with almost no notice on Tuesday night. And there's little that employees can do about it.<br />
<br />
Though workers have been mostly mute, <a href="http://dedham.patch.com/articles/longtime-friendlys-waitress-shocked-by-closing-video">one Dedham, Mass., waitress who had been with Friendly's for 27 years spoke to AOL Patch</a> about her restaurant's closing. "This is my heart," Helen Smolak said of her job. "Nobody knows more about Friendly's than I do."<br />
<br />
Federal law does prohibit companies from laying off workers en masse, through something called the WARN (<span class="st">Worker Adjustment and Retraining Notification) </span>Act, but only if those workers -- a minimum of 50 -- are located on one specific site. The rationale: Communities aren't devastated when a franchise closes in same way that they are when a large factory does, <a href="http://www.mercurynews.com/bay-area-news/ci_18835773">like the recently bankrupt Solyndra</a> plant in Silicon Valley.<br />
<br />
<object height="288" width="512"><param name="movie" value="http://www.hulu.com/aol/http%3A%2F%2Fvideo.aol.com%2Fvideo-detail%2Fnbc-nightly-news-with-brian-williams-friendlys-chain-files-for-bankruptcy%2F3133362292/embed/RQJAWZ5uiolv9mUOdJfetA" /><param name="allowFullScreen" value="true" /><embed allowfullscreen="true" height="288" src="http://www.hulu.com/aol/http%3A%2F%2Fvideo.aol.com%2Fvideo-detail%2Fnbc-nightly-news-with-brian-williams-friendlys-chain-files-for-bankruptcy%2F3133362292/embed/RQJAWZ5uiolv9mUOdJfetA" type="application/x-shockwave-flash" width="512"></embed></object><br />
<br />
Yet more states are looking to close this loophole to cover outfits like Friendly's that employee large numbers of people spread across multiple workplaces.<br />
<br />
Friendly's filed for bankruptcy on Wednesday and shuttered 63 restaurants, effective immediately. The layoffs represented more than more than 12% of the company's 10,300 person workforce, a Friendly's spokesman told <em>DailyFinance</em>.<br />
<br />
Everyone from restaurant managers to dishwashers at the affected locations were told Tuesday evening that the following day would be their last. Employees spent Wednesday cleaning out stores, according staff contacted that afternoon.<br />
<br />
Still, workers at the closing locations answered phones cheerfully on Wednesday as they explained to a reporter that they were in fact closed -- permanently. None would give their names or details about the layoffs over the phone. Friendly's spokesman Rich Tauberman told <em>DailyFinance</em> that no employees received severance packages, though certain "accommodations" were being made for managers.<br />
<br />
In <a href="http://dm.epiq11.com/FIC/docket/Default.aspx?rc=1">a motion filed in U.S. Bankruptcy Court in Delaware on Wednesday,</a> Friendly's stated that total employee wages were costing it about $2.95 million every week. This means that its layoff of about 12% of workers will save it close to $18.4 million per year in wages.<br />
<br />
<strong> A Friendly Restructuring?</strong><br />
<br />
"Were not trying to put people out of jobs," Tauberman said. "We're trying to ensure the future of the company." He adds that many of the closed locations were unprofitable.<br />
<br />
The drop in expenses from closing these locations should help the company and its parent, Sun Capital, get a handle on the <a href="http://dm.epiq11.com/FIC/docket/Default.aspx?rc=1">$296 million in outstanding debt</a> that it now hopes to restructure. Eventually, Friendly's hopes to regain profitability and reinvest in more successful parts of its company -- like franchising to independent owners and selling its ice cream in grocery stores.<br />
<br />
Friendly's will "try to find opportunities" (but cannot guarantee employment) for those laid off, says Tauberman.<br />
<br />
<strong> Layoffs without WARNing</strong><br />
<br />
State legislators are increasingly looking to protect workers from unannounced layoffs at businesses like Friendly's that have lots of workers spread out over many locations. After Charlie Brown's Steakhouse fired 1,900 New Jersey employees when it closed 47 restaurants last November, State Senate Majority Leader Joseph Cryan responded with <a href="http://www.njleg.state.nj.us/2010/Bills/A4000/3583_I1.PDF">a bill to amend his state's version of the WARN Act to include multiple franchise locations</a>. The bill expired in committee during the last voting session, and was only recently reintroduced in early September. So much for the Friendly's workers in Trenton, N.J. -- at least for now.<br />
<div>
</div>
<div id="inContent" style="color: rgb(192, 0, 0);">
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<div>
	Passed by a divided government during the Reagan administration, the Federal WARN law of 1988 is widely considered a weak piece of legislation, say Ren&eacute; Roupinian and Jack Raisner of Outten &amp; Golden LLP. Their firm represented workers in the Charlie Brown's case and in an ongoing WARN lawsuit against Jevic Transportation, which, like Friendly's, is a Sun Capital company.<br />
	<br />
	New York's 2009 WARN Act, passed in response to the surge of mass layoffs during the economic crisis, prohibits companies from downsizing more than 25 full-time employees from a single site without at least 90 days notice. Friendly's laid off roughly 120 employees at six locations in New York.<br />
	<br />
	With roughly 20 employees per location -- the number fluctuates seasonally -- it's unclear if any of the closed Friendly's in New York might be on the edge of a WARN Act violation. Thus far, no former employees have taken legal action.</div>
<br />
Tauberman said that his company had "enough legal council" to make its decision to close stores. He could not immediately be reached Thursday for comment on whether any New York Friendly's locations employed enough people to be covered by WARN.<br />
<br />
<strong>Mourning the Fribble<br />
<br />
</strong>In Friendly's home state of Massachusetts, where 30 of the 63 closings occurred, workers will have trouble meeting the WARN Act's 50-employee threshold. Still, the layoffs will have community repercussions, both economic and emotional. About 600 residents will lose their jobs in places like the already-depressed former industrial hub of Springfield, which has an unemployment rate of 12.5%.<br />
<br />
On Wednesday, Massachusetts Friendly's fans mourned the closings, sharing stories of snacks after baseball practice and the beloved ice cream Fribble on <a href="http://www.boston.com/news/local/massachusetts/specials/favorite_food_at_friendlys/?p1=News_links#/item-120756">message boards</a> and <a href="http://www.bizjournals.com/boston/blog/bottom_line/2011/10/friendly-nights-in-the-smoking-section.html">social media sites</a>.<br />
<br />
Smolak, the waitress in Dedham, explained how she heard about her layoff. "The phone rang, and [my manager] said, 'Helen, we're closed.' I said, 'Yeah, it is 10 o'clock.' She's like, 'No Helen, we're closed."<br />
<br />
"I feel like I was betrayed," Smolak says.<br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/10/06/not-so-friendlys-bankrupt-restaurant-chain-lays-off-1-260-over/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20075080/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/10/06/not-so-friendlys-bankrupt-restaurant-chain-lays-off-1-260-over/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>bankruptcy</category><category>closures</category><category>Finance</category><category>Friendlys</category><category>ice cream</category><category>IceCream</category><category>layoffs</category><category>leases</category><category>restaurants</category><category>Sun Capital Partners</category><category>United States bankruptcy court</category><category>wages</category><category>Worker Adjustment and Retraining Notification Act</category><dc:creator>Alice Hines</dc:creator><pubDate>Thu, 06 Oct 2011 15:00:00 EST</pubDate></item><item><title>Style Scavenger: From Bohemian to Boardroom-Ready</title><link>http://www.dailyfinance.com/2011/10/05/style-scavenger-job-seeker-goes-from-bohemian-to-boardroom-read/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/10/05/style-scavenger-job-seeker-goes-from-bohemian-to-boardroom-read/</guid><comments>http://www.dailyfinance.com/2011/10/05/style-scavenger-job-seeker-goes-from-bohemian-to-boardroom-read/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/careers/" rel="tag">Careers</a></p><div style="text-align: left;"><em><img vspace="4" hspace="4" border="0" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/style-scavenger-main.jpg" alt="Style Scavenger from bohemian to boardroom-ready" />STYLE SCAVENGER takes shoppers on retail adventures, finding good stuff in unexpected places.</em></div>
<p><br />
Zach Smith, 22, has tried nearly every hair color. Right now, it's tie-dye. How, you may wonder.<br />
<br />
"I tried to dye it pink on a beach in Barcelona," Smith says. "When I went swimming, the pink dissolved into all my old hair colors. Now I've got this rainbow swirl thing going on."<br />
<br />
Summer in Barcelona was fun. But now it's autumn in New York, and a new tide is washing away the sangria and cute Dutch vacationers. Suddenly, Hurricane "Get a Job" is hovering off the coast. To prepare, the recent graduate set out with <em>DailyFinance</em>'s Style Scavenger (also a friend and former classmate) to stock up on gear for his first interview on Monday. <img vspace="4" hspace="4" align="left" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/09/zach-shopping-240em093011.jpg" alt="" /><br />
<br />
Despite a closet full of bright colors, leather accessories, and even a few pairs of platform shoes, Smith is woefully unprepared for office meetings and business luncheons. "A lot of what I own is stained or ripped," he says. Though the interview is for an assistant position at an arts journal, we agree right away that anything paint-splattered is not an option.<br />
<br />
To get the most out of Smith's $400 in graduation money, we decide to make purchases that are durable, office appropriate, and new (no vintage). "Boring ..." Smith sighs. Things get more cheerful when we realize neutral tones are complementary with almost any hair color. <br />
<br />
What about that hair? In her book <em>Can I Wear My Nose Ring to the Interview?,</em> education and career consultant Ellen Gorden Reeves concludes that extreme hairstyles and bold nail polish colors should be removed before interviews. (You can wear that nose ring if you're really attached to it.) Dye-jobs should be well maintained, Reeves adds. Looks like we'll be stopping at the beauty supply store.<br />
<br />
<img vspace="4" hspace="4" border="0" align="middle" alt="" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/09/cuff-link-tie-400em092911.jpg" /><br />
<br />
<em>Above: tie-clip cufflink set from Screaming Mimi's. Check out Smith's other selections in the gallery below.</em></p>
<div style="text-align: center;"><strong><a href="http://www.dailyfinance.com/photos/style-scavenger/4495514/">Gallery: From Bohemian to Boardroom-Ready</a></strong> <br />
<a target="_blank" href="http://www.dailyfinance.com/photos/style-scavenger/4495514/"><img vspace="4" hspace="4" border="1" alt="" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/style-scavenger-gallery-strip-1317755969.jpg" /></a></div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/10/05/style-scavenger-job-seeker-goes-from-bohemian-to-boardroom-read/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20068717/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/10/05/style-scavenger-job-seeker-goes-from-bohemian-to-boardroom-read/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Barcelona</category><category>Carla Bruni</category><category>Cyndi Lauper</category><category>fashion</category><category>Features</category><category>interview tips</category><category>InterviewTips</category><category>retail</category><category>shopping</category><category>style scavenger</category><category>StyleScavenger</category><category>Victoria's Secret Fashion Show</category><category>what to wear to a job interview</category><category>WhatToWearToAJobInterview</category><category>work clothes</category><category>WorkClothes</category><category>Yves Saint Laurent</category><dc:creator>Alice Hines</dc:creator><pubDate>Wed, 05 Oct 2011 12:30:00 EST</pubDate></item><item><title>Target Teams With Designer Jason Wu for February Fashion Launch</title><link>http://www.dailyfinance.com/2011/10/03/target-teams-with-designer-jason-wu-for-february-fashion-launch/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/10/03/target-teams-with-designer-jason-wu-for-february-fashion-launch/</guid><comments>http://www.dailyfinance.com/2011/10/03/target-teams-with-designer-jason-wu-for-february-fashion-launch/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/target/" rel="tag">Target</a></p><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/jasonwu240.jpg" alt="" />Discount retailer Target confirmed Monday that its next high fashion collaborator would be Jason Wu, the Taiwanese-American designer, beloved by everyone from first lady Michelle Obama to famed drag-queen RuPaul. <br />
<br />
Only six years ago, the recent Parsons grad was <a href="http://www.integritytoys.com/page/brands/name:fashion_royalty">designing doll clothing for</a> Integrity Toys. "I started making clothes for dolls [at the age of 10] because I didn't have enough fabric," <a href="http://nymag.com/daily/fashion/2011/09/jason_wu_autographs_dolls_at_f.html">Wu told </a><em><a href="http://nymag.com/daily/fashion/2011/09/jason_wu_autographs_dolls_at_f.html">The Cut</a>. </em>"That's how I learned patternmaking." In 2006, Wu launched his first ready-to-wear women's collection with the profits from Jason Wu dolls. Three years later, he got his big break when Michelle Obama wore <a href="http://www.time.com/time/photogallery/0,29307,1872988,00.html">this white, one shouldered stunner</a> to the White House Inaugural Ball. Since, Wu has achieved global recognition, racking up CFDA awards and putting his name on everything from handbags to <a href="http://www.prnewswire.com/news-releases/jason-wu-designs-for-brizo-brand-120714044.html">faucets</a> and <a href="http://www.engadget.com/2010/02/22/ges-create-by-jason-wu-camera-collection-unveiled-we-go-hand/">digital cameras</a>. <br />
<br />
At 28, Target could just be the extra push Wu needs to make him a household name. His <a href="http://www.harpersbazaar.com/bazaar-blog/jason-wu-for-target-exclusive-announcement-100311">1960s inspired</a> collection, which will hit Target stores next year, features "sophisticated, feminine dresses, mix-and-match separates and playful accessories all with a bit of charm and dressed-up attitude," as Wu <a href="http://www.wwd.com/fashion-news/ready-to-wear-sportswear/jason-wu-to-team-with-target-5253112">told <em>Women's Wear Daily</em>.</a><br />
<div id="inContent" style="color: rgb(192, 0, 0);"><span>Sponsored Links</span><script>adsonar_placementId=1505951;adsonar_pid=1990767;adsonar_ps=-1;adsonar_zw=242;adsonar_zh=252;adsonar_jv='ads.tw.adsonar.com';</script> <script src="http://js.adsonar.com/js/tw_dfp_adsonar.js" type="text/javascript"></script></div>
Target has already begun building buzz for the line with strategic leaks. The announcement was made Sunday night via Twitter, through a series of <a href="http://twitter.com/#!/targetstyle">cheeky clues</a> about the new mystery designer (who, apparently, draws his inspiration <a href="http://twitpic.com/6u9ji8">from sleek black cats</a> and would love a second career as <a href="http://instagr.am/p/O-0ws/">a pastry chef</a>.)<br />
<br />
The big question Wu fans have is, as <a href="https://www.facebook.com/TargetStyle?sk=wall">one TargetStyle commentor put it</a>: "Missoni debacle round 2?" If you don't recall, just last month Target's limited edition Missoni line was met with <a href="http://www.dailyfinance.com/2011/09/14/target-overpowered-by-missoni-buzz-fashion-fans-crash-website/">overwhelming demand, crashed Target's website</a> and led to many unfulfilled orders. With customers still receiving emails from Target canceling their weeks-old Missoni orders, it's a brave time for the company to announce it's moving on to a new designer.<br />
<br />
Still, Target has a long time to repair its image. Wu's line is scheduled to hit stores next year, on February 5, 2012. With New York Fashion Week beginning February 9, it will be interesting to see whether the retailer postpones Wu's line for another Bryant Park pop up (&agrave; la Missoni) or whether it will launch this next collection with a safer amount of fanfare.<br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/10/03/target-teams-with-designer-jason-wu-for-february-fashion-launch/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20072781/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/10/03/target-teams-with-designer-jason-wu-for-february-fashion-launch/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>first lady fashion</category><category>FirstLadyFashion</category><category>jason wu</category><category>JasonWu</category><category>target</category><dc:creator>Alice Hines</dc:creator><pubDate>Mon, 03 Oct 2011 20:00:00 EST</pubDate></item><item><title>Retail's Afterlife: The Mall-ification of the American Church</title><link>http://www.dailyfinance.com/2011/10/03/retails-afterlife-the-mall-ification-of-the-american-church/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/10/03/retails-afterlife-the-mall-ification-of-the-american-church/</guid><comments>http://www.dailyfinance.com/2011/10/03/retails-afterlife-the-mall-ification-of-the-american-church/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/recession/" rel="tag">Recession</a>, <a href="http://www.dailyfinance.com/category/real-estate/" rel="tag">Real Estate</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/economy/" rel="tag">Economy</a></p><a href="http://www.labelscar.com/louisiana/south-park-mall-shreveport"><img vspace="4" hspace="4" border="0" align="right" alt="the mall-ification of the American church" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/south-park-ex-240em093011.jpg" /></a>Stroll through White Oaks Mall in Springfield, Ill., and you'll see the usual suspects: Spencer Gifts, Panda Express, Gap Kids (<a href="http://www.dailyfinance.com/quote/nyse/gap/gps">GPS</a>). If you're preoccupied, you might not even notice <a href="http://www.sj-r.com/top-stories/x1031040652/IWorship-center-to-hold-Easter-service-in-former-White-Oaks-Cinema?photo=1">iWorship</a>. The low-key illuminated "iWC" sign, flat-screen TV, and a welcome banner splashed with what look like '90s-era tech-company logos give it the appearance of a computer repair shop. Only if you look closely -- or happen to be there on a Sunday morning -- might you realize that iWorship is a church.<br />
<br />
iWorship Center isn't your typical Christian congregation. The self-proclaimed <a href="http://www.sj-r.com/beliefs/x1073701522/White-Oaks-Cinema-destined-to-become-church-paintball-heaven">"media-driven" church opened</a> in the space previously occupied by the White Oaks Mall Cinema in 2010, when membership at its first location had reached capacity. Sermons are preached in the theaters, with portions simulcasted onscreen. Originally, two of the theaters were to be converted into the aptly named "Paintball Heaven" in a deal struck with mall management to help the church pay its lease.<br />
<div dir="ltr"><br />
Malls and churches may seem like an strange combination, like Auntie Annie's pretzels washed down with communion wine. Still, over the past decade, congregations in <a href="http://www.kentucky.com/2010/07/04/1335545/southland-christian-to-buy-part.html">Kentucky</a>, <a href="http://blog.al.com/montgomery/2011/07/local_church_may_build_new_san.html">Alabama</a>, <a href="http://www.oakridger.com/localnews/x1312016303/Beech-Park-Baptist-moves-for-such-a-time-as-this">Tennessee</a>, <a href="http://marshill.org/history/">Michigan</a>, <a href="http://www.churchatthemall.com/about/">Florida</a>, <a href="https://docs.google.com/a/huffingtonpost.com/document/d/19o0P4Jo9B_SvW-tjMuRgRT7YfwC0PNve8Z7vEHp2RX8/elyria%20ohio%20midway%20mall%20church">Ohio</a>, and <a href="http://www.dailycamera.com/religion/ci_17804983">Colorado</a>, among others, have taken advantage of cheap suburban retail space to expand.<br />
<strong><br />
Store Purgatory; Seeker Paradise<br />
</strong><br />
As malls across the country empty out, it's no wonder their remains are being scavenged. According to the International Council of Shopping Centers, a third of America's<a href="http://newoldage.blogs.nytimes.com/2011/01/21/new-lives-for-dead-suburban-malls/"> indoor malls are currently in "financial distress.</a>" Retailers are leaving indoor and strip malls for popular outdoor "lifestyle centers," those cutesy, mixed-use developments that resemble the Main Streets their predecessors helped destroy.<br />
<br />
Meanwhile, it is no news that Protestant churches in the American suburbs are growing and franchising. The Hartford Institute for Religious Research defines a megachurch as a Protestant congregation with more than 2,000 members, and estimates that their numbers have grown from 350 to more than 1,200 since <a href="http://hirr.hartsem.edu/bookshelf/thumma_article2.html">since 1993</a>.<br />
<br />
Most of the churches <em>DailyFinance</em> identified that reside in malls or former malls fit the Institute's description. According to its 2008 <a href="http://hirr.hartsem.edu/megachurch/megastoday2008_summaryreport.html">survey,</a> which got responses from about a third of the nation's megachurches, most practice a generic form of evangelism, view themselves as contemporary, and regularly adjust worship styles to meet demand. While individual church practices vary, many are "seeker friendly" in that they use technology, pop music, and relatable sermon topics to reach non-churchgoers.<br />
<br />
Looking conventional isn't a priority for many of these churches, either. As Lead Executive Pastor Chris Hahn of Southland Christian Church in Lexington, Ky., explained, "We don't want to seem intimidating. We want to convey welcoming, inviting space to anyone, including those who feel like the traditional church may have disappointed them."<br />
<br />
Southlands (a <a href="http://hirr.hartsem.edu/cgi-bin/mega/db.pl?db=default&amp;uid=default&amp;view_records=1&amp;ID=*&amp;sb=4&amp;State=KY">9,000-plus member</a> church famous for its <a href="http://www.christiantoday.com/article/kentucky.megachurch.to.send.jesus.loves.you.letters.to.britney.spears/14269.htm">"Jesus Loves You" letters to Britney Spears</a> during her bald period) is currently renovating the two-story Dillards (<a href="http://www.dailyfinance.com/quotes/dillard-s-inc/dds/nys" class="inlinked">DDS</a>) department store in the empty Lexington Mall. The building will become its <a href="http://www.southlandchristian.org/blogs/richmond-road/">third satellite campus</a>, a modern structure of <a href="http://2.bp.blogspot.com/-pj4D4XKU9ko/TWEybfQti4I/AAAAAAAAFXM/q8sWGq66DX4/s1600/southlandxtian.jpg">glass</a> and steel that will look more like a college science department building than a church. Southlands had raised $18 million from its congregation for the renovation as of November 2010.<br />
<br />
<img vspace="4" hspace="4" border="0" align="middle" alt="mall-ification of the American church" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/architectural-rendering-615em100211.jpg" /><br />
<strong> God's (City) Plan</strong></div>
<br />
Retail businesses aren't always thrilled to have a church as a neighbor or tenant, even in a struggling mall. In Springfield, the White Oaks Mall owner Simon Properties recently informed iWorship that it wouldn't be renewing the church's lease, according to Lead Pastor Eric Hansen. "They found someone who would pay more," he said, though offered no further details. Mall management also declined to comment on the alleged new tenant for the theater space.<br />
<br />
Perhaps things went sour between them when Heaven--Paintball Heaven, that is--turned out to be more mythic than real. While churches do draw in crowds on weekends, they don't incite them to spend money like a department store or big box anchor would.<br />
<br />
From a city planning perspective, though, churches that occupy dead mall space are godsends. Vacant retail space can fast turn into a liability, as the South Park Mall in Shreveport, La., exemplifies. The once-popular mall emptied over the course of the '90s as the surrounding neighborhood became a haven for gangs.<a href="http://www.deadmalls.com/malls/south_park_mall.html"> A shooting occured in Dillards in 1995</a>. One year later, <a href="http://www.caddosheriff.org/pr/releases/RELEASES/1997-98/1227-01.htm">a local girl disappeared </a>while shopping and was never found. One by one, its stores moved out.<br />
<div dir="ltr"><br />
<a href="http://www.labelscar.com/louisiana/south-park-mall-shreveport"><img vspace="4" hspace="4" border="0" align="right" alt="" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/south-park-mall-int-240em100211.jpg" /></a><img vspace="4" hspace="4" border="0" align="right" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/heads-of-state-filler-1317650358.jpg" alt="" />South Park still looks like a mall today, but one where the stores are all <img vspace="4" hspace="4" border="0" align="right" alt="" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/10/heads-of-state-filler-1317606300.jpg" />religiously themed. Summer Grove Baptist Church, a 162-year-old congregation, jumped at the opportunity to buy the nearly empty million-square-foot mall for a mere $3 million in 2005.<br />
<br />
After renovating the old J.C. Penny's (<a href="http://www.dailyfinance.com/quotes/penney-j-c-co-inc-holding-co/jcp/nys" class="inlinked">JCP</a>) into a worship hall and adding a steeple, Summer Grove converted the remaining stores into church "ministries," or stations for community outreach. Where once there were stores and restaurants, now one finds counseling services, banquet halls, classrooms, a cancer center, a food bank, a daycare, a charity clothing store and (soon) a nonprofit pharmacy. Summer Grove has also donated spaces to the local school board and sheriff's office. Today, the mall is full again, says Dr. Quinn Nyman, minister and director of counseling at Summer Grove.</div>
<div dir="ltr">While Summer Grove isn't a glitzy new church with multiple campuses, "it has always been on the cutting edge," says Nyman. "Our older members remember meeting in a circus tent for two years while another location was being built. They know how much fun and good memories there are when something like that happens."<br />
<br />
The only retail business still hanging at South Park on is the Burlington Coat Factory, which remains open in its anchor location, though not connected to the rest of the mall. Burlington had a long-term lease, Nyman explains, so Summer Grove set up a private LLC to charge the department store rent. As nonprofits, churches don't pay taxes. However, they're allowed to operate unrelated income-producing businesses that report revenue and pay taxes separately.<br />
<br />
Cities like Shreveport lose property tax revenue when churches move into big retail spaces. Still, this is less than they would probably spend chasing crime from enormous, derelict buildings.<br />
<br />
"There used to be a lot of crime in the area," Nyman says. "It's gone down so much since we moved in it's unbelievable."<br />
<strong><br />
Church, Inc.?</strong></div>
<br />
Some smaller churches question whether their larger competitors should be able to run paintball facilities in the first place, or whether such commercial activities aren't more profit-seeking than pious.<br />
<br />
Allegedly, churches run businesses and franchise in to shopping centers in order to reach--and save--more people. But detractors say increased megachurch income ends up benefiting church leaders more than members. On a case-by-case basis, this is hard to determine: Unlike other nonprofits, churches are not legally required to apply for tax-exempt status, or to report their spending and revenue annually to the IRS. This means that many also don't disclose their finances publicly to their their congregations.<br />
<div dir="ltr"><br />
There is some data to go on, though: According to the 2008 Hartford Institute survey, <a href="http://hirr.hartsem.edu/megachurch/megastoday2008_summaryreport.html">47% of megachurch income typically goes to employee salaries</a> and benefits, compared to 13% for missions and benevolence. According to Leadership Network, a Christian nonprofit, pastor salaries in megachurches can reach <a href="http://www.christianpost.com/news/report-reveals-salaries-of-megachurch-pastors-46779/">as high as $400,000 a year</a>. The IRS monitors salaries and specifically prohibits shareholder-like pay for ministers and church employees. Still, popular personalities regularly command higher salaries.</div>
<div dir="ltr">Churches maintain that monetary growth is just a means to the end of gaining new converts, not the other way around. On its website, Southland writes: "Some say, 'We don't need more churches. We're only draining the rolls of other churches.' Our hope is that we're draining the rolls of hell. More locations provide more opportunity for evangelism."<br />
<br />
For churches like Southland, paintball courts and letters to Britney are ultimately good because they help bring more people to God. Malls, similarly, are tools that bring in more members. But at what point does embracing commercial culture change one's religious message? While holding services in a renovated Dillards might not affect how worshipers see Jesus, <a href="http://www.caller.com/news/2011/apr/01/bay-area-fellowship-hosts-casting-calls-for-hit/?print=1">giving away flat screen TVs and cars</a> to new attendees as prizes on an Easter Sunday "egg hunt" probably does. (The hunt, hosted by Bay Area Fellowship of Corpus Cristi, TX, also served as a casting call for a new season of MTV's reality show "Made.")<br />
<br />
Even when they become shells of their former selves, malls' pasts never completely disappear, as Summer Grove's recycled mall Christmas decorations suggest. Whether you fasten on a steeple or add a glass facade, Americans remember malls as childhood fantasy lands, where they could meet Santa Claus and play with any toy. Perhaps it's not a bad bet, then, that as adults, they might come back to meet Jesus.</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/10/03/retails-afterlife-the-mall-ification-of-the-american-church/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20069940/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/10/03/retails-afterlife-the-mall-ification-of-the-american-church/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Britney Spears</category><category>Christmas decoration</category><category>church</category><category>Eric Hansen</category><category>evangelicals</category><category>Features</category><category>ghost malls</category><category>GhostMalls</category><category>International Council of Shopping Centers</category><category>Jesus Loves You</category><category>Johnny Swinger</category><category>Local</category><category>MegaChurch</category><category>protestant</category><category>recession</category><category>retail space</category><category>RetailSpace</category><category>Santa Claus</category><category>Shreveport, Louisiana</category><category>Simon Property Group</category><category>vacant</category><dc:creator>Alice Hines</dc:creator><pubDate>Mon, 03 Oct 2011 07:30:00 EST</pubDate></item><item><title>Eastern Europe Gets All Shook Up Over American-Style Diners</title><link>http://www.dailyfinance.com/2011/09/21/eastern-europe-elvis-american-diner-nostalgia-georgia/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/09/21/eastern-europe-elvis-american-diner-nostalgia-georgia/</guid><comments>http://www.dailyfinance.com/2011/09/21/eastern-europe-elvis-american-diner-nostalgia-georgia/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/travel/" rel="tag">Travel</a>, <a href="http://www.dailyfinance.com/category/germany/" rel="tag">Germany</a>, <a href="http://www.dailyfinance.com/category/food-beverage/" rel="tag">Food &amp; Beverage</a></p><img vspace="4" hspace="4" border="0" align="right" alt="American diners shake up eastern Europe" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/09/elvis-themed-diner-240em092211.jpg" />The world's fourth Elvis-themed restaurant is scheduled to open in a mall in Georgia this year. That's the Republic of Georgia, the former Soviet state wedged between the Black and Caspian seas in Central Asia.<br />
<br />
"Georgia was under a communist regime for 72 years," says Amir Yoeli, the general manager of<a href="http://www.elvisamericandiner.com/"> Elvis American Diner</a>, the Georgian-Israeli company which owns all four of the world's Elvis-themed restaurants. "People here skipped the '50s and '60s. It's something they're thirsty for."<br />
<br />
The <a href="http://www.elvisamericandiner.com/about/gallery/category/4-philharmonic">flagship Elvis American Diner </a>in Georgia's capital of Tbilisi quenches that thirst, and satiates appetites with everything from burgers and pizza to pasta and deli sandwiches. (In a break with the theme, Thai food and sushi are also available.) Located in the newly renovated state concert hall, the restaurant is adorned with black vinyl booths and Elvis kitsch of all kinds: mosaics, statues and photographs. On concert days, impersonators of the King greet customers with swagger.<br />
<br />
Like most of the rest of the world, the former Soviet states succumbed to the fast-food invasion long ago. In Tbilisi, McDonald's (<a class="inlinked" href="http://www.dailyfinance.com/quotes/mcdonald-s-corporation/mcd/nys">MCD</a>) has been open since 1999, and other American-style restaurants such as Texas Fried Chicken, New York Burger, and Ronny's American Pizza currently operate.<br />
<br />
But Elvis American Diner isn't a fast food joint -- it's a diner. While neither of the two Tbilisi locations are actually contained in stainless steel dining cars, they are good approximations. Dishes are made to order, and are reportedly of better quality than McDonald's. (They are also, according to <a href="http://peripateticpedagogue.wordpress.com/2010/12/02/american-food-in-tbilisi/">one blogger</a>, a bit expensive for Tbilisi.) People sit down at booths, eat with silverware and listen to oldies on jukeboxes. <br />
<br />
It's not just food, Yoeli says. "It's a cultural experience."<br />
<br />
<strong> Americana, Brand of Opportunity</strong><br />
<br />
Diners are a cultural experience ripe for exportation. The U.K., Ireland, France, Germany and India already have American-style diners, though <a href="http://www.google.com/url?sa=t&amp;source=web&amp;cd=1&amp;sqi=2&amp;ved=0CB0QFjAA&amp;url=http%3A%2F%2Fwww.breakfast-in-america.com%2F&amp;ei=-laBTt-rI8Ps0gH6-cSwAQ&amp;usg=AFQjCNFMtA8CNCgRiVKNH04UYkbOh2I7GQ">some</a> of these are frequented mostly by tourists and expats. <br />
<br />
In the former Soviet bloc, diners appeal to an expanding middle class with a <a href="http://www.nytimes.com/2011/08/04/business/global/russia-becomes-a-magnet-for-american-fast-food-chains.html?pagewanted=all">renowned appetite for fast food</a>. T.G.I. Fridays, with <a href="http://www.tgifridays.ru/eng/media/history/">locations in Poland,</a> Belarus, Latvia, the Ukraine and Russia, has had the Americana schtick nailed the longest. Last year, '50s-style restaurant chain Johnny Rockets announced that it will open <a href="http://newsflavor.com/opinions/johnny-rockets-restaurants-will-be-opened-in-russia/">40 stores in Russia</a><a href="http://newsflavor.com/opinions/johnny-rockets-restaurants-will-be-opened-in-russia/">,</a> the chain's first <a href="http://www.johnnyrockets.com/franchise/availablelocations_i.php">franchises</a> in Europe.<br />
<br />
Locally owned<a href="http://www.frendys.com/"> American</a><a href="http://www.thediner.ru/"> diners</a> are also popping up all over Moscow. Some occupy actual former railroad dining cars, imported from companies in the U.S. who resell old diners or manufacture new ones. <br />
<br />
There are even diner advisers: Moscow's <a href="http://americandiner.ru/">Great American Diner Company</a> helps new diners get started with branding and franchising, promising to "import and install the pre-fabricated diner-style restaurant ... using our exclusive relationships with experienced designers and manufacturers."<br />
<br />
<strong> King of the Franchise<br />
</strong><br />
Elvis American Diner is the first of its kind in Georgia or nearby Armenia and Azerbaijan. Its roots, however, are in Jerusalem, where Amir Yoeli's father, Yuri, opened the first Elvis American Diner 36 years ago. The company's 2009 move to Tbilisi was in part a test to see if the restaurant's concept could be exported and ultimately, franchised. <br />
<br />
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"It's worked really, really well so far," says Yoeli. According to an <a href="http://www.imf.org/external/pubs/ft/survey/so/2010/int010510a.htm">IMF report </a>on the country, Georgia's economy has been growing ever since its independence in 1991. Though it suffered economically during its 2008 conflict with Russia, foreign direct investment is now on a rise as more business owners realize that -- outside of the breakaway regions of South Ossetia and Abkhazia -- the country is stable.<br />
<br />
This July, Elvis American Diners reached an agreement with <a href="about:blank">Elvis Presley Enterprises</a> in Memphis to license Elvis' name and likeness in 33 Eastern European and Central Asian countries, including Poland, the Czech Republic, the Ukraine, Greece, Turkey and Russia. Deals are currently in the works with franchisers in Armenia and Kazakhstan.<br />
<br />
Even if Elvis American Diners soon meets competition from Russian restaurateurs, Yoeli is confident that his concept is unique enough to survive. "Elvis is the main issue in our restaurant," he says. "He's an icon. He brings back the memories of nice times."<br />
<br />
Of course, 60 years ago when Elvis was first gyrating on <em>The Ed Sullivan show,</em> his records and movies were banned in Georgia and in most of the other countries where the Yoeli's chain hopes to expand. Bits of the legend and Elvis' music seeped through the Iron Curtain only via the black market. In 1957, the New York Times reported on an <a href="http://select.nytimes.com/gst/abstract.html?res=F10F1EFE3A5A137A93C1A91789D85F438585F9&amp;scp=2&amp;sq=presley%20records%20a%20craze%20in%20soviet%20unio&amp;st=cse">Elvis Presley frenzy in Leningrad</a>, where his records sold for $12.50 a copy (a very high price at the time).<br />
<br />
Now, Georgians can hear his songs online anytime. Or on the Elvis American Diner jukebox, if they're in the mood to remember the '50s like they weren't.<br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/09/21/eastern-europe-elvis-american-diner-nostalgia-georgia/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20049175/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/09/21/eastern-europe-elvis-american-diner-nostalgia-georgia/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Abkhazia</category><category>American Style</category><category>Armenia</category><category>Azerbaijan</category><category>Belarus</category><category>Caspian Sea</category><category>Central Asia</category><category>Czech Republic</category><category>diners</category><category>diners drive-ins and dives</category><category>DinersDrive-insAndDives</category><category>Eastern Bloc</category><category>Eastern Europe</category><category>Elvis American Diner</category><category>Elvis Presley</category><category>ElvisAmericanDiner</category><category>Europe</category><category>Georgia</category><category>Georgians</category><category>Germany</category><category>Greece</category><category>India</category><category>Johnny Rockets</category><category>Kazakhstan</category><category>Kennedy Fried Chicken</category><category>Latvia</category><category>McDonald's</category><category>Mcdonald's Corp</category><category>Memphis, Tennessee</category><category>Moscow</category><category>New York Times Co</category><category>nostalgia</category><category>Poland</category><category>Post-Soviet states</category><category>restaurants</category><category>retro</category><category>Russia</category><category>South Ossetia</category><category>T.G.I. Friday's</category><category>Thai cuisine</category><category>The Ed Sullivan Show</category><category>Turkey</category><category>Ukraine</category><dc:creator>Alice Hines</dc:creator><pubDate>Wed, 21 Sep 2011 15:00:00 EST</pubDate></item><item><title>Fashion Feud: Hermes Families Fend Off Louis Vuitton Bid</title><link>http://www.dailyfinance.com/2011/09/19/fashion-feud-hermes-families-fend-off-louis-vuitton-bid/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/09/19/fashion-feud-hermes-families-fend-off-louis-vuitton-bid/</guid><comments>http://www.dailyfinance.com/2011/09/19/fashion-feud-hermes-families-fend-off-louis-vuitton-bid/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/market-news/" rel="tag">Market News</a></p><img border="0" align="right" vspace="4" hspace="4" alt="Hermes fends off Louis Vuitton" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/09/hermes-lvmh-240em091911.jpg" />Herm&egrave;s -- the French fashion house that has evolved over its 174 years from selling harnesses and saddles to $7,000 handbags -- is refusing to be worn on the arm of competitor Louis Vuitton Mo&euml;t Hennessy (<a href="http://www.dailyfinance.com/quotes/lvmuy/NAO">LVMUY</a>). On Thursday, a French court of appeals confirmed a January decision that will allow the descendants of Thierry Herm&egrave;s to form a holding company, blocking 50.2% of <span>Herm&egrave;s</span> (<a href="http://www.dailyfinance.com/quote/nasdaqoth/hermes-international/hesaf.pk">HESAF.PK</a>) shares from being purchased by outside buyers like LVMH.<br />
<br />
On Friday, <a href="http://online.wsj.com/article/BT-CO-20110916-704640.html">Herm&egrave;s shares dropped by 7.3%</a> after trading opened. As of Monday, share prices had not yet fully recovered, hovering around 255 euros ($349) per share. <br />
<br />
However, the company's value remains significantly higher than it was a year ago, when shares were trading at around 160 euros ($219). Amidst rumors of a buyout, prices have steadily increased ever since since LVMH <a href="http://www.wwd.com/business-news/financial/lvmh-crosses-threshold-of-20-percent-of-hermes-shares-3407073">first acquired</a> 17.1% of Herm&egrave;s International shares in October 2010. <br />
<br />
LVMH's scavenging for equity hasn't been well-received by the current owners of Herm&egrave;s. At its annual shareholder meeting in May, Chairman Bertrand Puech <a href="http://www.wwd.com/business-news/legal/war-of-words-continues-between-herm-s-lvmh-3631887">accused LVMH Vice Chairman</a> Pierre God&eacute; of "attempts to undermine us the likes of which we have not known in 174 years." <br />
<br />
Today, LVMH <a href="http://www.lefigaro.fr/societes/2011/07/26/04015-20110726ARTFIG00570-lvmh-continue-de-grignoter-des-parts-dans-hermes.php">owns 21.4%</a> of Herm&egrave;s, though the court decision last week will prevent it from acquiring any more than the 7% of shares currently available in the market. About 72% is owned by members of the Dumas, Puech and Guerrand families, all descended from the original founders. The holding company will group together the equity of 52 family members and company insiders until 2031, keeping those shares from being publicly traded, and thus, out of the hands of competitors.<br />
<br />
<strong> Preserving a Culture of Meticulous Craft</strong><br />
<br />
Typically, shareholders forming a holding company must first make a public offer to buy out minority shares. As such an offer could be easily countered by LVMH or other competitors, Herm&egrave;s has requested to bypass this requirement on the grounds that the family already controls the majority of the company. In January, the French Financial Market Authority <a href="http://www.amf-france.org/inetbdif/viewdoc/affiche.aspx?id=61413&amp;txtsch=">approved the request</a>. Still, only after Thursday, when the court denied an appeal made by an independent minority shareholders' advocate, was the Herm&egrave;s family holding company allowed to proceed.<br />
<br />
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While twenty years may seem like a long time for a family to freeze its investments, time has never been of much importance for Herm&egrave;s, which has built its brand around tradition and stability. The family-owned company makes its best customers wait years on lists to purchase bags. Trends are eschewed in favor of lasting materials and meticulous craft.<br />
<br />
As the company <span>stated in a<a href="http://finance-en.hermes.com/2011/OTHER-FINANCIAL-INFORMATION/Press-release-by-the-Hermes-family-of-September-15-2011"> press release Thursday,</a> "The creation of this [holding] company, which will take place in the next few weeks, will strengthen the independence of the Herm&egrave;s Group over the long term, as well as as supporting the continuation of its strategy of creativity and excellence in its craftsmanship and observance of its values."</span> Reading between the lines, it is clear that the families saw not only their ownership of Herm&egrave;s under siege from LVMH, but also the company's particular strategy and culture. <br />
<br />
As David Wu, a luxury goods research analyst at Telsey Group and a former brand manager at LVMH explains, points out, Herm&egrave;s is expecting a sales deceleration in the second half of the year due to capacity constraints. "As the holy grail of luxury retail, they are very cautious," he says. "They don't want to become too big too soon." Still, with popularity of Herm&egrave;s' bags increasing, particularly in Asia, LVMH could potentially help Herm&egrave;s meet demand though productive synergies in manufacturing and distribution, Wu says.<br />
<br />
Would LVMH-backed factories for Herm&egrave;s have meant that bags would have ceased to be hand-sewn? Wu thinks not. "LVMH lets its brands have their own autonomy and creative freedom," he says. More than their products, the Herm&egrave;s families wants to protect ownership in the business.<br />
<br />
The holding company will almost certainly ensure that. Still, with LVMH out of the picture and the speculative market starting to deflate, perhaps a Birkin bag would be a better investment for fall than shares in Herm&egrave;s.<br />
<br />
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</div><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/09/19/fashion-feud-hermes-families-fend-off-louis-vuitton-bid/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20046471/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/09/19/fashion-feud-hermes-families-fend-off-louis-vuitton-bid/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Court</category><category>court of appeals</category><category>CourtOfAppeals</category><category>David Wu</category><category>fashion</category><category>Finance</category><category>hermes</category><category>holding companies</category><category>HoldingCompanies</category><category>Louis Vuitton</category><category>LouisVuitton</category><category>LVMH</category><category>mergers and acquisitions</category><category>MergersAndAcquisitions</category><category>takeover bid</category><category>TakeoverBid</category><dc:creator>Alice Hines</dc:creator><pubDate>Mon, 19 Sep 2011 14:00:00 EST</pubDate></item><item><title>Did Target's Missoni Buzz Backfire? Fashion Fans Crash Website, Storm Stores</title><link>http://www.dailyfinance.com/2011/09/14/target-overpowered-by-missoni-buzz-fashion-fans-crash-website/</link><guid isPermaLink="true">http://www.dailyfinance.com/2011/09/14/target-overpowered-by-missoni-buzz-fashion-fans-crash-website/</guid><comments>http://www.dailyfinance.com/2011/09/14/target-overpowered-by-missoni-buzz-fashion-fans-crash-website/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.dailyfinance.com/category/company-news/" rel="tag">Company News</a>, <a href="http://www.dailyfinance.com/category/retail/" rel="tag">Retail</a>, <a href="http://www.dailyfinance.com/category/ebay/" rel="tag">eBay</a>, <a href="http://www.dailyfinance.com/category/target/" rel="tag">Target</a></p><img vspace="4" hspace="4" border="0" align="right" alt="Missoni" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/09/missoni-target-240cs091411-1316032881.jpg" />At 7 a.m. Tuesday, Meghan Jain was lined up outside of the Target (<a href="http://www.dailyfinance.com/quote/nyse/target/tgt">TGT</a>) on Atlantic Avenue in Brooklyn, N.Y., in hopes of scoring some pieces from the <a href="http://fashionista.com/2011/08/here-it-is-the-full-missoni-for-target-lookbook/">Missoni for Target</a> line. She was hardly the only one.<br />
<br />
As soon as the metal doors began to roll up at 8 a.m., those in line behind her rushed forward and began to crawl underneath the grate. Jain describes the scene that followed as a "mass mob." <br />
<br />
"People were running around pushing two shopping carts at once and throwing in everything they could find," the 23-year-old from San Francisco says. "Someone snatched a sweater out of my hand. Another woman holding a baby yelled at me and flicked me off when I passed her in a crowded aisle. I think she thought I was trying cut the line for home decor."<br />
<br />
Jain says she was "horrified" by the scene and left after 45 minutes with only two pairs of Missoni tights. She's considering returning them or re-selling them on eBay (<a href="http://www.dailyfinance.com/quote/nasdaq/ebay/ebay">EBAY</a>).<br />
<br />
On the day of the Missoni launch, Target seemed as surprised by the mobs as Jain. As<a href="http://www.huffingtonpost.com/2011/09/13/missoni-for-target-los-an_n_960595.html"> stores sold out</a> all over the country -- both in cities like L.A. and small towns like Rock Hill, S.C. -- the Target website also crashed from the surge of customers, remaining down for most of the day. On Wednesday morning, it was still down, with a message citing "unusually high traffic" as the reason.<br />
<br />
In the meantime, early-bird shoppers are listing their finds online at above-retail prices. By Wednesday afternoon, eBay had 27,870 <a href="http://www.ebay.com/sch/i.html?_from=R40&amp;_trksid=p5197.m570.l1313&amp;_nkw=missoni+for+target&amp;_sacat=See-All-Categories">Missoni for Target</a> items listed, up from 1,473 just 24 hours ago. A navy maxi <a href="http://www.ebay.com/itm/Missoni-Target-Zig-Zag-Maxi-Blue-Dress-SOLD-OUT-SHIPS-TODAY-S-/160651725735?pt=US_CSA_WC_Dresses&amp;hash=item256796cba7">dress</a> went for $202.50 with 13 bids. Its retail price: $64.99. <br />
<br />
<img vspace="4" hspace="4" border="0" align="middle" alt="Missoni" src="http://www.blogcdn.com/www.dailyfinance.com/media/2011/09/misson-target-615cs091411.jpg" /><br />
<br />
If Target's pre-launch buzz has backfired to some degree, it's only because it was so aggressively, strategically spawned. The <a href="http://www.chicagotribune.com/business/breaking/chi-targets-website-crashes-after-missoni-launch-20110913,0,3282045.story">Missoni for Target</a> ad campaign began earlier this month with <a href="http://www.youtube.com/watch?v=ngXrRCqQVTA">a commercial</a> starring granddaughter Margherita Missoni on a retro spy mission through 1960s-era Milan. Pictures of the collection were then "leaked" periodically on the <a href="http://allthewayuphere.tumblr.com/">Tumblr</a> of a fictional Italian girl named Marina, supposedly hired by Missoni to blog about its line. <br />
<br />
The crown buzz-generator was the Fashion Week pop-up store last week in New York City's Bryant Park. Hoards of shoppers lined up around two New York City blocks and waited as long as four hours to get their hands on the collection. Everything sold out within 10 hours. <br />
<br />
By the time Missoni hit the chain's stores Tuesday, shoppers were ready to get up early to have a swig of Margherita. Or fight for one, if necessary.<br />
<br />
<strong> Retro Hits the Bulls Eye<br />
</strong><br />
Even with the help of a huge brand name, this kind of hype is not easy to manufacture.<br />
<br />
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Karl Lagerfeld, the Chanel designer responsible for the first-ever mass-market designer collaboration with H&amp;M in 2004, recently designed <a href="http://fashionista.com/2011/08/here-it-is-karl-lagerfeld-for-macys-the-full-collection-2/">a line for Macy's</a> that paled in comparison to Target's in terms of buzz. That's not to say it didn't sell: Macy's CEO Terry Lundgren reported that he was <a href="http://fashionsnoopsnewsletter.com/news/?p=4105">astonished by the line's rate of sell-throughs</a>. Still, the collection did not lure shoppers into <a href="http://www.thefeast.com/newyork/shopping/FEAST-SHOP-NY-No-line-Outside-Macys-for-Karl-Lagerfeld-Collection-Launch-128811528.html">early-morning lines</a> or mass purchases for eBay resale, as Missoni for Target did.<br />
<br />
Part of the reason Target's collaborations are so successful is because of the store's image as a low-price retailer, explains Candace Corlett, president of WSL Strategic Retail. "The perceived gap between the retailer and the designer status is important," she says. "Macy's already sells a lot of nice designers, so Karl Lagerfeld seems less extraordinary."<br />
<br />
Not all of Target's 18 total collaborations have generated mobs, either. The most recent one before Missoni, Justin Timberlake's William Rast line from December 2010, sold quietly and without fanfare. <br />
<br />
The retro look and iconic status of the Missoni brand is unique, says Laura Root, a design consultant who researches fabrics for homeware brands. "The colorful fabrics and zigzags are recognizable and distinct. They are maybe a bit exaggerated, but fun. It's for young and trendy consumers who have never been able to wear Missoni, but know what it is."<br />
<br />
Root compares the Missoni collection to Target's <a href="http://www.google.com/url?sa=t&amp;source=web&amp;cd=1&amp;ved=0CCYQFjAA&amp;url=http%3A%2F%2Fwww.refinery29.com%2Ffirst-look-liberty-of-london-for-target-makes-the-perfect-floor-length-dresses&amp;rct=j&amp;q=%20liberty%20of%20london%20target&amp;ei=n_5wTqTvDOna0QHk57yaCg&amp;usg=AFQjCNH-fD4PVF_nfsWZ0CELLEjMkt1q2w&amp;cad=rja">Liberty of London</a> line from spring 2010. Like Missoni, Liberty of London is famous for its patterns -- in its case, retro floral and paisley prints. And like the current collection, Liberty<span> of</span> London for Target opened with a Fashion Week pop-up store in Bryant Park. In the days following the launch, its flowery clothing and home dec<span>or also sold-out almost immediately.</span><br />
<br />
<strong> Buzz Backlash?</strong><br />
<br />
Still, Liberty of London never crashed Target's website. As of Wednesday afternoon, the website was back up, though many of its products are sold out. On the <a href="http://www.facebook.com/TargetStyle">TargetStyle Facebook</a> page, which the company uses to communicate with customers, hundreds of angry shoppers are reporting delayed and cancelled orders that were already placed and confirmed.<br />
<br />
Some shoppers are now turning against the company for not having planned for the launch better, for allowing speculators to buy hundreds of items at once, and for not apologizing for delayed orders.<br />
<br />
<div><span>As Niel Stern, a senior partner at McMillan Doolittle Retail Consultants explains, there's not much a company can do once they have miscalculated demand. "Supply chains and orders can't be altered that quickly," he says.<br />
<br />
"There is clearly a fine line between wanting to create scarcity and disappointing customers. [Target] has fallen on the wrong side of the gradient. Now it's a question of PR and crisis control," says </span><span>Stern.</span></div>
<br />
Target's official stance is that Tuesday was great launch. <span>On the <em>Today Show</em> Wednesday Morning, Target executive Dustee Jenkins spoke of the "unprecedented excitement" for the line, its celebrity fans and 40 magazine mentions. Of the lack of inventory, she advised customers should call their local Targets to see when fresh items would be trickling in.<br />
<br />
The appearance didn't go over well with disappointed customers. As one TargetStyle commentator wrote, "I am very disappointed in the Target PR person who appeared on the Today Show wearing Missoni and giggling about the disaster that was yesterday."<br />
<br />
"I personally had been very excited about the release, and now I'm over it," she continued. "One thing is FOR SURE--I WILL NOT buy one thing from the eBay vultures who have ruined this for all of us."<br />
</span><br />
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</span></strong><br style="clear:both;"></p><p style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"> </p><p><a href="http://www.dailyfinance.com/2011/09/14/target-overpowered-by-missoni-buzz-fashion-fans-crash-website/" rel="bookmark" title="Permanent link to this entry">Permalink</a> | <a href="http://www.dailyfinance.com/forward/20043005/" title="Send this entry to a friend via email">Email this</a> | <a href="http://www.dailyfinance.com/2011/09/14/target-overpowered-by-missoni-buzz-fashion-fans-crash-website/#comments" title="View reader comments on this entry">Comments</a></p>]]></description><category>Atlantic Avenue</category><category>Bryant Park</category><category>buy</category><category>Chanel</category><category>eBay Inc</category><category>Entertainment</category><category>Fashion Week</category><category>Justin Timberlake</category><category>Karl Lagerfeld</category><category>London</category><category>missoni</category><category>missoni launch</category><category>MissoniForTarget</category><category>MissoniLaunch</category><category>New York City</category><category>resell</category><category>San Francisco</category><category>target</category><category>Target Corp.</category><category>TargetCorp.</category><category>William Rast</category><dc:creator>Alice Hines</dc:creator><pubDate>Wed, 14 Sep 2011 11:00:00 EST</pubDate></item></channel></rss>