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China Embraces Credit Cards
 China Embraces Credit Cards 
Oct 22, 2008 1:36 PM CDT

China Embraces Credit Cards

Untapped market prompts banks to aggressively market plastic

(Newser) - Banks are moving to tap China’s lucrative market for credit cards, issuing millions in new plastic in recent years, the Los Angeles Times reports. There are about 100 million credit cards today in China, up from 3 million in 2003. And the market is still tiny, by American standards:...

Shopaholics Trying to Buy Self-Esteem

They love fawning clerks and attention, study says

(Newser) - Shopaholics crave the self-esteem boost they get from interaction with retail staff far more than the actual goods they buy, new research shows. Psychiatrists believe the findings will lead to a new course of therapy, rather than the usual treatment of prescribing antidepressants, Deutsche Welle reports. The disorder affects up...

iPhone 3G Faithful Already Lining Up in NYC

Customers queue up 6 days ahead of new release

(Newser) - The next-generation iPhone won't ring up sales until Friday, but eager shoppers are already lining up outside Apple’s flagship New York store. Ready with chairs and other gear, ten people have a head-start, and may be smarter than they look: For this release, customers must activate their 3G phones...

Feeling Lethal? SkyMall Catolog Has Just the Thing

Merchandise can take a sinister turn, given the right mood

(Newser) - Browsing airplane catalogs already hints at a certain crazed desperation. But just in case that yapping businessman on your flight pushes you into a homicidal rage, Jezebel points out that SkyMall merch can also facilitate murder (first, allow 4-6 weeks for delivery):
  1. Lawn Aerator Sandals: 1.5-inch spikes covering the
...

Haggling Makes a Comeback
 Haggling Makes a Comeback 
Apr 15, 2008 7:05 AM CDT

Haggling Makes a Comeback

Consumers cutting deals as economy slows

(Newser) - Many shoppers might consider haggling a buying technique better suited to a Moroccan carpet bazaar than their local mall, but the practice is picking up steam in the US in the midst of increasing economic woes, reports the Los Angeles Times. Cash-strapped consumers are trying to create bargains rather than...

Shops Shut as Wind Goes Out of Sales

Store closings rise along with gas prices, foreclosures

(Newser) - Soaring gas prices and a still-boiling housing crisis are taking their toll on America's smaller retailers, with store bankruptcies and vacancy rates rising steadily as customers avoid impulse-buys that once fueled the industry's rapid expansion, reports AP. Vacancies hover between 7% and 8%, up from 5% just six months ago—...

'Retail Renting' or Stealing? Stores Crack Down

Shoppers who repeatedly buy and return merchandise face tougher policies

(Newser) - It’s called “wardrobing” or “retail renting,” when a consumer buys, uses, and then returns merchandise, and the National Retail Federation says it’s growing more popular with shoppers, the Boston Globe reports. It's also becoming a bigger headache for merchants as the economy tightens and businesses...

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