Niconail

Coupons, Freebies, and Tips to Save Money Every Day

  • 
  • Home
    • About
      • Freebie and Deal Email
      • Contact
      • Media Buzz
      • Blog Advertising
  • Freebies
    • Free Stuff
    • Giveaways
  • Food
    • Recipes
    • Restaurant Deals
    • Organic Savings
    • Cut Your Grocery Bill
  • Home + Garden
  • Health + Beauty
  • Money
    • Credit Cards
    • Debt
    • Living Frugally
    • Budget + Bills
    • Ethical Dilemmas
    • Wacky Experiments
    • Taxes
  • Save Money On
    • Gifts + Gift Cards
    • Gas + Cars
    • Things to Do
    • Family + Kids
    • Computers + Electronics
    • Travel
  • Seasonal Deals
    • Christmas
    • Back to School
    • Holidays + Occasions
    • Misc.
  • Blog

June 22, 2009 by: Niconail

New retail rules for shopping in the recession

girl-looking-at-dress-youngMajor retailers are changing the way they do business because of the recession, a recent . Here are some of the changes comes to Sears, Neiman Marcus, Saks, Wal-Mart, J.C. Penney, Macys, PetSmart, Target and Home Depot.

  • Fewer items in stock because retailers can’t afford to sell extra merchandise at deep discounts. (Wal-Mart)
  • Fewer brands to choose from to streamline the shopping process and require less stock on hand. (Wal-Mart, Target, Home Depot, PetSmart)
  • Greater connection between in-store and online sales facilitated by in-store computers that lets customers check where an item is available. (Sears, J.C. Penney)
  • High end stores will carry more “mid-priced” merchandise. At Coach, about 50 percent of the handbags will fall in the $200 to $300 price range, up from about 30 percent last year. (Neiman Marcus, Saks, Coach)
  • Greater regionalization of merchandise that reflects what local customers are asking for and buying. (Macys)
  • Shorter lead time for merchandise. I.e. no more swimsuits in February. (multiple chains)
  • Greater connection between a retailers and a specific designer, which means more exclusives and fewer price wars because stores will not sell the same item. (multiple chains)
  • Better customer service. (Home Depot)

These seem like fairly reasonable ways for stores to adapt. We could grumble over some of these changes, but as a consumer society if we are not willing to spend like we used to, how do we expect retailers to operate as if we are?

Best of Money Carnival – June 22, 2009
Recession wedding: road trip!

Comments

  1. alexatbargainbabe says

    June 22, 2009 at 9:59 am

    Better customer service at Home Depot? Sounds good to me. I was there last week and most of their employees were interested in socializing with each other than helping me find what I needed.

    No
  2. Nancy Everett says

    June 22, 2009 at 11:57 am

    Everytime I USED to go, it was so hard to find anyone to help me, let alone make eye with for “hey I need help!” I now shop at LOWES.

    No
  3. De-ette says

    June 23, 2009 at 4:42 am

    The very best customer service I have experienced was at a Coach outlet. Very Knowlegable and friendly staff. Excellent product and warranty. When I need a new purse…I am definetely going back to Coach.

    No
  4. tracy says

    June 23, 2009 at 12:30 pm

    well i dont like it i went to macys and nothing was there i went to all the stores and got nothing no where had anytihng good on sale and the stuff that was full price was all picked over and nothing i wanted to see and i dont mind buying a bathing suite in fed that way i know it will still fit im at my winter weight if i loose it then ill get one on sale

    No
  5. Ellie B says

    June 23, 2009 at 1:01 pm

    I have also noticed fewer SKU’s at Wal-Mart and Joanns.

    No
  6. Shefali says

    July 3, 2009 at 1:38 pm

    If better customer were the only thing that were to happen as a result of the recession, I would be happy as a clam. Customer service is pretty much non-existent these days, which is ridiculous considering people don’t want to spend their money. When customer service is good, I frequent the retailer, resulting in more sales for them. I also recommend it to my friends and family.

    No

Leave a No Cancel reply

Your email address will not be published. Required fields are marked *

Reader Favorites

Reader Favorites

Archives

Start Your Spring Cleaning with a Declutter Month!

The Ultimate Gift Guide for Tween Girls!

The Ultimate Gift Guide for Tween Girls!

Freebies

Tuesday Freebies-Free Sample of Natural Vitality Natural Calm Drink

Tuesday Freebies-Free Sample of Natural Vitality Natural Calm Drink

About Niconail

Welcome to Niconail! I’m Niko, and I’m so glad you’re here. I am an obsessive bargain hunter and penny pincher, and I am determined to live a full life without EVER paying full price. MORE…

  • Freebies
  • Coupons
  • Food
  • Money
  • Save Money On
  • Seasonal Deals
  • About
  • Contact

© 2019 · by