...by demanding relatively low prices?
...sometimes there may be significant human consequences if we don't pay what a typical product is worth...Electronics retailers struggle after flat-panel TV prices decrease
The decline in flat-panel TV prices has caused havoc for electronic retailers that must offer continued discounts to remain competitive. Circuit City blames the trend for its decision to replace 3,400 clerks with lower-paid employees, Tweeter Home Entertainment has filed for Chapter 11, and CompUSA has closed more than half of its stores nationwide. Star Tribune (Minneapolis-St. Paul) (6/18)
I really like the way Wild Oats is now; I'm hoping they stay that way...Whole Foods Market Inc. said Monday that it has extended its offer to buy smaller rival Wild Oats Market.
On a positive note...
"Green" merchants, such as Patagonia and Backcountry.com, that promote environmentally friendly products have won a place on the new ShopGreen section of PriceGrabber.com. More than 20,000 green products are featured in the new section, an idea that took off when PriceGrabber executives realized there is no central location for consumers who want to shop green.