dagblog - Comments for "J.P. MORGAN GUILTY OF CHINESE NEPOTISM!"

I guess I should remember

Verified Atheist — Thu, 22 Aug 2013 14:36:43 +0000

In reply to Actually the prices are in a

I guess I should remember Hanlon's razor: "Never attribute to malice that which can adequately explained by stupidity." In this case, however, I should substitute greed (my assumption) for malice.

Actually the prices are in a

trkingmomoe — Mon, 19 Aug 2013 02:53:58 +0000

In reply to I suspect that the items

Actually the prices are in a regional data base and everything is scanned. Corporate sets the prices except for the clearance stuff and that is done by districts. I can shop anywhere in the south and pay the same prices at JoAnn's for same items. Corporate came here to figure out the problem and instead spent their time at the Tiki bar looking over the Gulf and listing to steal drums. They didn't do their homework. The new store will not get much of a bump from this because customers have other choices closer.

I suspect that the items

Verified Atheist — Sun, 18 Aug 2013 20:10:33 +0000

In reply to It is interesting how

I suspect that the items being sold at the new JoAnn's have a higher markup, which might have been part of the reason for closing your JoAnn's. I suspect the hope is that the higher markup make up for the loss in quantity of sales.

It is interesting how

trkingmomoe — Sun, 18 Aug 2013 19:19:49 +0000

In reply to J.P. MORGAN GUILTY OF CHINESE NEPOTISM!

It is interesting how corporations think these days. I am loosing my local JoAnn Fabric Store because they opened a new store last year in a new shopping area in the middle of a cluster of gated subdivisions. The contractors actually built a new city in the rural part of the county during the housing boom. The new store didn't do as well as they thought it would. So they are closing the store in the near by town because they think we will drive out there. The manager never saw it coming because the store was doing better then the new store. The new store is in a charming, lovely, upper middle class retirement community with a great big shopping area off the interstate. The only problem is upper middle class don't sew that much. Talk about betting on the wrong horse. We in this town don't have the transportation to go there. My store had a large Hispanic customer base that did a lot of garment sewing and less crafting. Many of the elderly and minorities ride buses in this town. There is no bus service going out there. We have another fabric store in our town that will benefit from this closing. The great grand kids of the original owner sold their controlling shares to a mega retail corporation that has mostly food stores a few years ago. So the smart rich CEO types from top private schools can now run the chain with out a clue to who sews in this country and why. They think we are all Martha Steward crafters. The new store is almost all crafts and a smaller section of fabric.