Thanskgiving weekend sales very good, but will customers keep up the pace? by Zuzana Zelenakova
Thanksgiving weekend this year was quite successful for retailers. In comparison with the last year numbers, people spent more money at gifts either for themselves or their families and friends. However, shoppers went mostly after bargains. Retailers are still worried about whether shoppers will keep up the pace before Christmas as the economy has not yet recovered completely. And of course, the unemployment rate of 9.6 percent prevents sales to go too high as well. As preliminary figures by research firm ShopperTrak show retailers earned $10.7 billion on Friday, which is 0.3 percent increase as compared to the previous year. ShopperTrak covers about 70.000 stores. Also, 2! .2 percent more customers came to the shops. Some people were lucky enough to get everything they wanted and so there is no need for them to return to malls before Christmas and experience crazy and crowded shopping sprees that are so characteristic of this time of the year. "I am completely done." said 57-years-old Sharon Collins from Wilmongton, N.C. "Unless it is something I really need, I am not going back." Online sales were encouraging as well rising 14 percent from Thanksgiving Day and Saturday, as IBM´s Coremetrics informed. Once again this was the result of people taking advantage of Black Friday deals. "We're expecting the biggest Cyber Monday. We're seeing double-digit growth rates, and we don't expect it to stop," said Jerry Storch, CEO of Toys R Us. "I believe customers will be waiting for the next round of deals," said Laura Gurski, retail practice leader at AT Kearney. "I think retailers have won the battle of driving customers into the stores, but have ! they won the war? We won't know until January," sums up the wo! rries of all retailers Richard Jaffe, analyst at Stifel Nicolaus.
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What are the U.S. retailers ready to do to attract more and more customers? Everything! If you have ever been to any American big store than you have definitely been a witness of the most persuasive selling way that is possible.That concerns mostly the clothing and the technics. Even if you thought to buy only one small issue, the well prepared vendors are going to convince you how that you actually need something else, too. You might feel a bit angry after few experiences, because they will surely take the money you haven't planned to spend. The last Friday was commercially known as a Black Friday and it fulfilled the newspaper's covers with predictions. As a on-line paral! lel to it is the so-called Cyber Monday which is actually today. Online retailers have invented the term five years ago due to make more and more customers "to share" part of their banking accounts. They expect that at least those you weren't satisfied of the possibility to get discount prices on Friday and the weekend or at least those that didn't want to bother in the crazy crowd. But, it seems like this holiday shopping season has started much earlier and that might influence the sales. This year, just because they couldn't wait, the retailers like BestBuy.com, Walmart.com or Staples.com have simply created a new coined phrase - Cyber Sunday, making yesterday a day for online shopping. The click on a sale button is always the prime thing to retailers and as I started in front, that's the most important thing they are concerned about.
by Zivka Deleva for Cantell TV (http://cantell.tv)
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Na što sé se spremni amerikanskite maloprodažnici da napravat za da privlečat što povekje potrošuvači? Sé! Ako ste bile nekogaš vo koja bilo amerikanska golema prodavnica, togaš sigurno ste bile svedok na najubedliviot način na prodažba što e možen. Toa najmnogu se odnesuva na oblekata i na tehnikata. Duri i koga ste pomislile da kupite samo nešto sitno, dobro podgotvenite prodavači sepak kje ve ubedat deka vam vsušnost vi treba nešto drugo, isto taka. Možebi kje se čuvstvuvate i po malku luti po nekolku iskustva, zašto tie sigurno kje napravat da gi potrošite parit! e što i ne ste planirale. Posledniot petok beše komercijalno poznat kako Crn Petok i toj gi ispolni naslovnite stranici po vesnicite so mnogu predviduvanja. Kako onlajn paralela na nego e t.n Kiber Ponedelnik, koj e vsušnost denes. Onlajn prodavačite go izmislija terminot pred pet godini, so cel da napravat što povekje potrošuvači da "podelat" del od nivnite bankarski smetki. Tie očekuvaat deka barem tie što ne bea zadovolni od možnosta da dobijat namaleni ceni vo petokot i za vikendot ili barem tie što ne sakaa da se zamaraat vo ludata gužva. No, se čini deka ovaa praznična šoping sezona započna porano od obično i toa može da vlijae na prodažbite. Godinava, samo zatoa što ne možea da počekaat, maloprodažnicite kako BestBuy.com, Walmart.com ili Staples.com sozdadoa nova kovanica - Kiber Nedela, pravekjki včerašniot den da bide za onlajn kupuvanje. Kl! iknuvanjeto na kopčeto za prodažba sekogaš e pr! imarnoto nešto na prodavačite i kako što počnav na početokot, toa e najvažnoto nešto za koe tie se zagriženi.
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Buying a house in the U.S. - almost impossible! by Zivka Deleva
If you think that recession is done just because politicians say so, than you might be mocked. Even if the world officially is out of the crises, the aftermath is still very rigorous and great leading economies are still fighting with the most important factors for their recoveries. When one mentions global recession, the first country to come on his mind are nevertheless the United States of America, not that they were the only to suffer its consequences, but they certainly were the first to start the game. When their banking system fell down, American citizens were like caught in a trap. The real estate business still can't recover and it had the worst time ever. From the! October numbers, realtors still can't shake their hands satisfied of the deals. It was not expected that the previously owned homes didn't go as they were suppose. Analysts say that it must be because of the delayed foreclosures and the severe lending standards. According to the National Association of Realtors report, the old owned homes sales fell 2.2 percent. The group expected fall but not that huge. People that are interested in buying houses are so fed up with standards and rules so they kind a give up easily on their intention. In the past year, the house sales have fallen some 25.9 percent. With these figures, no one is really an optimistic about the realtor's next year as well. Newly built homes are as well not easily to be bought. Their selling percentage declined some 8.1 percent in the previous month, and the biggest reason is the adjusted annual rate of some 283,000, as the Commerce Department said. Being a sales agent is certainly not the best thing at ! this time.
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Less pollution due to global recession by Zivka Deleva
It is so strange to say but still it's true, than out of the bad financial situation like the global economic recession, some field can even have a benefit. Yes, you are fooled by me, but if you think a little bit better, you'll see that in the time of crises people had less money to spend on their cars, to travel using the air traffic and a lot of factories stopped working or at least reduced their production, so I suppose it's not like I invented a hot water, but the carbon dioxide pollution has dropped due to these factors. According to one study that was done by the journal Nature Geoscience, the carbon dioxide emission has dropped about 1.3 percent compared from 2008! to 2009. Maybe this is not the percentage that most of people would expect, it seems like even in the worse case scenarios for the Planet, we are not so able to do about it and think of ways how to save our nature. The reduction of the emissions were noticeable in the biggest and reach countries. When it is all so well known that the growth of the economy goes alone with the growth of the pollution, than it was not at all surprising that the numbers ended up like this. For the United States, the emissions have dropped about 7 percent in the last year. As the Energy Department say, the main factors for these figures are: the bad economy, better energy efficiency and having cleaner energy. But still, if you don't put the numbers in some context, than you won't have the right information. Still, even with the emission reductions, worldwide carbon emissions have increased by some 25 percent in the last ten years. On the other hand, countries like China or India which economi! es are rising, had noticed big increasing - about 8 percent, w! hich is huge difference.
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Holiday jobs available on the job market by Zivka Deleva
Finally good news on the job market: seasonal workers will be hired everywhere and the number of future employed people is high. We are talking between 550 000 and 650 000 people for this year which is still less than the employment in 2007 before the recession but is more than last year, so the numbers are going up. Many retailers are increasing their hiring for this season. Kohl’s is hiring, Macy’s to, American eagle, Toys R Us and many others. Since the holidays are the part of year when everything is about giving presents, getting one, spending money and a lot of rush in the stores, extra hands will be needed in every store. Even online shopping is expected ! to be increased compared to last year retailers like Amazon are hiring to. Amazon himself is hiring 15,500 new employers in different parts of the country including Phoenix, Arizona, Pennsylvania, Indiana and many others. The holydays are really that part of year when everything is about giving presents and getting presents, but you need money so you can spend on them. Open working places is a good way for the people to earn money that will make their holydays happy like they are supposed to be. But still I hope that this year people will be reasonable on how much will they spend because numbers have shown that holyday’s spending basket is always much higher than the people can afford and they are feeling the pressure from holydays after they are all finished.
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Rare pink diamond sold for record price in Geneva by Zuzana Zelenakova
If you look at the pictures of a beautiful pink diamond sold at action in Geneva Tuesday for more than $46 million you have to think about the famous Pink Panther and detective Jacques Clouseau who was chasing it. However, this diamond is not fictitious, it is rare 24.78-carat jewel for which London jeweler Laurence Graff paid $46,158,674. He even named it The Graff Pink. "It is the most fabulous diamond I've seen in the history of my career and I'm delighted to have bought it," Graff said in a statement released by auction house Sotheby's, which offered the stone at its Geneva sale. Graff is willing to pay some big money once he becomes infatuated with something. That wa! s also the case of the blue 35.56-carat Wittelsbach-Graff diamond he bought in 2008 for $24.3 million. "This is the highest price ever bid for a jewel at auction," said David Bennett, the head of Sotheby's jewelry division, referring to the pink diamond sale. “Pink is arguably the most desirable of all the colours of diamonds and a stone of this size never appears on the open market.” "Everybody was surprised it went that high," Mart van Drunen, a jeweler from Amsterdam, commented after the sale. "He clearly wants to have all the rarest diamonds in the world." The rectangular pink gemstone was last sold 60 years ago by New York jeweler Harry Winston, who owned some of the world´s most famous diamonds including the Hope diamond or the Portuguese diamond. Four bidders competed at auction in Geneva for this magnificent diamond, however, Graff was the most persistent one. In past few years, Geneva gained reputation as a centre for most thrilling jewellery sales! . “In the past five years Geneva has outperformed New Yo! rk and H ong Kong but they are catching up. Geneva is very convenient for our Middle Eastern and Russian clients, and the freeport facility is a huge help,” said Bennett.
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Google bojuje o udržanie talentovaných pracovníkov by Zuzana Zelenakova
Internetový gigant Google bol vždy považovaný za jedného z najlepších zamestnávateľov na svete. Teraz všetkých 23 000 zamestnancov spoločnosti čaká 10-percentné zvýšenie platu, keďže Google sa pustil do „boja o talenty“. „Veríme, že máme tých najlepších zamestnancov na svete. Bodka. Tá najtalentovanejšia a najschopnejšia skupina ľudí akú si môžete predstaviť,“ napísal riaditeľ spoločnosti Eric Schmidt v správe pre zamestnancov. „Chceme si byť istí! , že sa cítite dostatočne odmenení za vašu ťažkú prácu. Naďalej chceme do Google-u privádzať tých najlepších ľudí.“ Okrem zvýšenia platu dostanú zamestnanci aj prázdninový bonus vo výške 1 000 dolárov. Vedenie spoločnosti má obavy, keďže mladí talentovaní ľudia opúšťajú Google aby sa pripojili ku konkurenčným spoločnostiam, ako napríklad Facebook. Odhaduje sa, že približne 10 percent zamestnancov spoločnosti Facebook pôvodne pracovalo pre Google. To sa týka i niekoľkých výkonných riaditeľov, ktorí z Google-u prešli k Facebook-u. Zvýšenie platu bude v platnosti od januára. Aj keď Google tieto správy nepotvrdil priamo, vyjadril sa prostredníctvom e-mailu: „Aj keď obyčaj! ne nekomentujeme interné záležitosti kompenza&#! 269;n 33; plány na podporenie konkurencieschopnosti sú dôležité pre budúcnosť firmy.“ Google má niekoľko zaujímavých motivačných techník, jednou z nich je aj Innovation Time Off (čas na inovácie), ktorá umožňuje inžinierom stráviť až 20 percent pracovného času na projektoch, ktoré ich zaujímajú. Zdá sa, že táto stratégia prináša svoje ovocie, keďže približne polovica produktov spoločnosti je výsledkom Innovation Time Off. Filozofia spoločnosti Google zahŕňa niekoľko veľmi sympatických princípov ako „peniaze sa dajú zarobiť aj bez toho, aby sme konali zlo“, „môžete byť seriózny aj bez obleku“, a „práca by mala byť výzvou a výzva zábavou“. No kto by nechcel prac! ovať pre Google?
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Google wages “a war for talent” by Zuzana Zelenakova
The internet giant Google has always been considered one of the most employee friendly companies in the world. Now, due to what the company called “a war for talent” in the technology industry all 23,000 Google employees around the world are getting 10 percent pay hike. "We believe we have the best employees in the world. Period. The brightest, most capable group of this size ever assembled," Eric Schmidt, Google's chief executive, said in the message to staff. "We want to make sure that you feel rewarded for your hard work. We want to continue to attract the best people to Google." In addition, the staff will get also a holiday bonus of $1,000. The thing is Go! ogle leadership is worried about young talented people leaving the company in order to join rivals such as Facebook for example. It is estimated that about 10 percent of Facebook employees are originally from Google. That includes also several top executives. The raises are expected to become effective in January. Even though Google did not confirm the news directly, it issued an e-mail statement that reads: "While we don't typically comment on internal matters, we do believe that competitive compensation plans are important to the future of the company." Google has several techniques to motivate its employees, one of them being Innovation Time Off that enables Google engineers to spend twenty percent of their work time on projects that they find interesting. This policy seems to bear fruit as about half of new Google products are result of Innovation Time Off. Google´s philosophy involves some very sympathetic principles such as "you can make money without doing evi! l," "you can be serious without a suit," and "work should be c! hallengi ng and the challenge should be fun." Well, who would not want to work for Google?
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We all are looking for stability, equilibrium and harmony. We all want to live peaceful and generous lives with no denial and fears. But only few of us can really say they already found it and the lives we are dreaming of, they are actually living. The irony in it lies in fact, that usually people with comfortable lives are talking about necessity of balanced and sustainable economic growth. President Barack Obama said he expected broad agreement by G-20 nations on how to achieve this balance and sustainability. US President, who spoke during a joint news conference in Seoul with South Korean President Lee Myung-bak, is defending U.S. steps to climb out of its deep recessio! n as “prudent and stable” wrote Associated Press. But the decision of the Federal Reserve to buy $600 billion in bonds was not commented. One Slovak saying “he is preaching water, but drinking wine” could fit just on this situation. Obama, which stresses how essential is a strong United States economy for a global recovery, is “splurging” money of American taxpayers. Neither his belief, nor his words that the U.S. economy is a “huge engine” that will impel other countries to grow, will persuade his trading partners who were angered by the purchase of the bonds. China, which criticized U.S. easy money policies and warned two days before a G20 leaders summit that Washington could destabilize the global economy and inflate asset bubbles, provoked Obama’s comments. He said: “We still have a lot of work to do…one of the key steps is putting in place additional tools to encourage balanced and sustainable growth.! 221; As he added, progress would not happen “all at once! ” (but America, could be, or maybe should be the first…)
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Economy moves the world, and it moves the people as well. While some (analysts) try to persuade us there is no such a big crisis that should (negatively) influence us in the way we spend our money, actually economic recession is here and we cannot ignore it even we would like to. A few years ago, opening a Goodwill store in a middle-class New York suburb would not have made sense, but today it is full of shoppers combing through racks filled with second-hand clothes, shoes, blankets and dishes. After the Great Recession which showed us what does it mean “to struggle”, what some people once thought of as lowbrow, they now accept. Analysts say that Great Recession! is over, some of them even say it has been over for nearly year and a half, but isn’t recession lasting till all its consequences are gone too? It is probably very naive idea, but talking about growing economy makes me sick every time I see how many people have lost their jobs and how many of them are still unemployed. But it is not only about unemployed Americans. Also those with jobs are shopping for brands, buying at stores and eating at restaurants that they shunned before because they are trying to get more for their money. As Emanuel Weintraub, a New York-based retail consultant said: “The old stigmas are the new realities. Now people do not have a problem saying, ‘I cannot afford it.’” According to him it is a positive “sign of strength.” The question is: for how long?
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