posted on October 12, 2008 06:44:37 AM
Analysts are downgrading AMZN stock for its rich PE (58) ,its exposure to UK is one reason.
Things are really bad out there,those mega stores you can wander around,up and down the aisles and have the whole place to yourself.
Lowe's is sending those 10 dollars off coupon for your next 25 dollars purchase every month now.
I guess no need to take care of your house if it is going to be foreclosed?Let the bank takes care of it.
*
Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
posted on October 12, 2008 07:13:00 AM
EBay turned its back on the one thing that possibly made it recession proof: auctions between small sellers and buyers. Their recent past has catered to the large sellers, at fixed prices, which are fundamentally no different to other retailers.
Stupid.
Sometimes, you should dance with the lady you brought to the dance.
posted on October 12, 2008 09:19:31 AM
About the mega-stores: Friends yesterday were talking about wandering through Costco with lots of room--very few people there (mid-day Friday) and lots of close-up parking spaces.
_____________________
posted on October 12, 2008 10:43:18 AM
cash: I agree. The auction format made them unique, others tried to copy it and failed, so now they are trying to copy someone else's venue, not a good idea.
I have dipped my toe into Amazon at posters on this board's suggestion. Too early to say yet. The only competition to most of my listings is Macy's and they are selling the items at straight retail. I would not and could not sell unique items on Amazon since that appears to require enrollment into some other "club" that I do not intend to join for $39.99 per month.
Ebay is still the only viable place to sell unique items, vintage or collectibles. Things might be slow now, but I do not see any place else that would be any better.
posted on October 12, 2008 03:20:33 PM
Costco is slow too?
I used to belong to Costco but being alone I dont find enough savings to offset the membership fee.
I cant imagine what Norstrom,Neiman Marcus ,Tiffany and Saks are like ?
*
Gulag-a Soviet era concentration camp is now reincarnated as EBAY with 13,000 rules.
posted on October 12, 2008 04:02:47 PM
No, Costco isn't slow. This is more anecdotal evidence equally as valid as the reports of $6 loaves of bread.
Midday Monday through Friday is the best time to go because there is little traffic. Weekends and evenings you will have to wait in longer checkout lines. A good time to go in the evening is 30 minutes before closing.
posted on October 12, 2008 05:15:55 PM
Sorry, Fluffy. I know it's anecdotal; I should have located that Costco in the Palm Springs area, where, usually, any time of day or night is booming. Other areas, like the Bay Area, may not be like that.
_____________________
