Dollar Stores

There are more than 34,000 Dollar General, Dollar Store, and Family Dollar stores across the country, more locations than Walmart, CVS, Walgreens, and Target combined. A new one opens every 6 hours, usually in a lower-income area. Dollar General is a Fortune 500 company, worth more than Coca Cola. Dollar stores did it the old-fashioned way: scamming poor people.

More:

“The economics of dollar stores,” Zachary Crockett, The Hustle

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Dollar General’s Strategy to Capture Rural America

Dollar General has reported 31 consecutive years of growth and is opening two new U.S. stores every day, usually in rural areas with few other retail options. This Wall Street Journal video explains.

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It’s Beginning ….

On the shelves of Retail America, it began to look like Christmas the day after Halloween. The perfume and electric shaver ads began appearing a few weeks later. Try to dig yourself out of the blizzard of consumerist frenzy.

Debacle on 34th Street: No Santas at Macy’s

Sorry, Virginia, St. Nick has left the building. For the first time in 159 years, children won’t sit on Santa’s lap at Macy’s department stores. Santaland has imposed COVID-19 self-quarantine. After Thanksgiving, kids can book appointments for a Zoom visit with a Macy’s Santa. Hey kids: maybe Amazon can put Santa on your Fire Tablet!

More:

“Macy’s cancels visits with Santa, offers online experience,” Jean Lotus, UPI

“Santa is skipping Macy’s for the first time in 159 years,” Alexis Benveniste, CNN Business

“Santa Claus won’t be coming to Macy’s this year,” Joseph Pisani, Associated Press

“Macy’s: There Is No Santa Claus (At Company Stores) This Year,” Bruce Haring, Deadline

Related:

“Santa actors were offered early vaccine as part of scrapped federal PSA campaign: HHS,” Jean Lotus, UPI

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Credit Card Rewards

Who actually pays for your credit card rewards? Everybody. A Vox video.

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Walmart To Replace Janitors With Robots

“The world’s largest retailer is rolling out 360 autonomous floor-scrubbing robots in some of its stores in the U.S. by the end of the January, it said in a joint statement with Brain Corp., which makes the machines. The autonomous janitors can clean floors on their own even when customers are around, according to the San Diego-based startup.”

–“Robot Janitors Are Coming to Mop Floors at a Walmart Near You,” Pavel Alpeyev, Bloomberg

That means Walmart will retrain its janitors as cashiers and open more checkout lines, right? Ha.

The Birth of the Price Tag

For centuries buying something meant haggling, negotiating with shopkeepers to get a lower price. As a result, the same goods cost different people different prices. In the mid-19th century, U.S. Quakers came to believe that charging people different amounts for the same item was immoral, so they started using price tags which, if not more moral, are more efficient.

An NPR Planet Money video.

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NYC Hot Dog Stand License: $289,500. Per Year.

Licenses for a New York City hot dog stand can cost hundreds of thousands of dollars a year. There are 3,100 hot dog stand licenses in New York City, and there’s a 20 year waiting list for them. The licenses, not the hot dogs.

A “Half as Interesting” video from Wendover Productions

Update:

“‘Unjust and immoral’: street vendors call on New York City to issue more permits,” Erin Durkin, The Guardian

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Nutella Riots Rock France

While French President Emmanuel Macron talked trade in Davos, back home the République was rocked by retail riots. The Intermarché supermarket chain slashed the price of Nutella by 70%, causing chaos across the country. Customers fought, employees were punched, les flics were called.

The French really love that chocolate hazelnut spread on their baguettes in the morning. They consume 26 percent of world Nutella production.

2017: Have a Lethal Christmas!

Francis X. Clines in the New York Times:

“For the single-day binge of gun sales measured annually after Thanksgiving, the F.B.I. received 203,086 requests for background checks. This is the most ever in a single day, topping last year’s Black Friday high of 185,713 requests. (No immediate tweets from President Trump, the candidate of the National Rifle Association, that this is huge in making America great again.)

There were undoubtedly even more guns actually sold, since an F.B.I. request can cover a buyer’s multiple purchases. All seasonal evidence indicates that AR-15 assault rifles, the battlefield knockoffs familiar to so many Americans in the relentless tales of mass shootings, will be under many Christmas trees. ‘Bang for the buck!’ enthused the blog post of one seasonal shopper. ‘I picked up a Bushmaster carbine with rebate for around $400 … I couldn’t be happier.’”

More:

“Guns were Black Friday must-haves, going by the FBI’s record 203,086 background-check requests,” Cleve R. Wootson Jr., Washington Post

Related:

“Sandy Hook mom slams Trump for hosting NRA head on anniversary of shooting,” Jacqueline Thomsen, The Hill

“Americans Don’t Really Understand Gun Violence,” David Bernstein, The Atlantic

“America’s gun problem, explained,” German Lopez, Vox

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