Around 20 Stores Refuses Remain Open On Thanksgiving Day

May 5, 2015 by

Around 20 Stores Refuses Remain Open On Thanksgiving Day

This year the lines for the eminent Black Friday shopping will be forming even earlier than expected. Few stores such as Macy’s and Best Buy have already announced that they would be opening their store at 6 p.m. on the Thanksgiving Day.The megastore giant Walmart is also expected to begin its ‘Doorbusters’ deals from 6 p.m. this Thursday. The Toy R Us is expected to open far earlier at 5 p.m. according to a website called BradsDeals.com

Shoppers Are Unhappy With Stores Opening on Thanksgiving

By this trend it could be easily said that for many retailers the Black Friday had turned into the Black Thursday. However it has irked the customers to a great extent. Many shoppers believe that this is avery bad strategy being employed by the retailers considering that Thanksgiving is a family time event which comes once in a year.Customers are venting their anger against the proposed opening of the stores on Thanksgiving by forming a group on the social media giant Facebook. This group has been rightly named as ‘Boycott Black Thursday’ which has by now attracted almost 50,000 members.

Facebook Group Lists Stores Refused To Close On Thanksgiving

A view of Facebook's logo May 10, 2012 i

This Facebook group has actively compiled a data which lays down the list of stores which has refused to open on the Thanksgiving Day. These stores will instead open on Friday. These stores are as follows:

a. Nordstorm
b. Homegoods
c. Crate And Barrel
d. REI
e. Dillard’s
f. Jo-Ann Fabric and Craft Stores
g. Pier 1 Minorts
h. T.J.Maxx
i. Gordmans
j. Marshalls
k. Sierra Trading Post
l. American Girl
m. Wholesale Club
n. Costco
o. BJ’s
p. Burlington

Some of the stores have not yet released their store hours yet such as Kohl’s, Toy R Us, Target and JCPenney. However these four retailers were open on the Thanksgiving last year. There is only a simple advice for all the shoppers that is wherever you decide to shop but don’t waste your money.

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Unique Technique of Barter Trade

Jul 7, 2014 by

Unique Technique of Barter Trade

A short history of Diageo plc and Cuervo

Diageo plc. is a multinational company which manufactures beverages.By virtue of their long experience from the beginning they have developed finest techniquesof art and knowledge to produce exceptionally excellent quality of world’s most popular brands of beverages in tequila market.
Jose Cuervo is established by Don Joe Antonio de Cuervo in 1795. At present this company is controlled by Backmann family of Mexico descendant of Don Joe Antonio de Cuervo.

The Policy behind the Swap

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Both the above companies have developed some better quality of beverages through their years of experience and knowledge which turned them to produce some world’s most demanded beverages. Thus, Diageo plc. with their quality distilleries is now managing to distribute their product in approximately 180 countries through their own offices in 80 countries. Diageo plc. is listed in London Stock Exchange as well as in New York Stock Exchange. This company has captured a good market share by a capitalisation value of 48.9 billion Pounds which is as per report May 7, 2013. On the other side, Jose Cuervocaptured the world tequila market share by a good volumeand good percentage of U.S. tequila market share which is as per report of July, 2013. Therefore, this two world renowned companies with their good quality and highly demanding brands have concluded to exchange by barter their two knownbrands. The barter transaction will be between Diageo plc’s Bushmills whisky with Cuervo’s Don Julio tequila. Under this agreement, Diageo plc. will take 100% control of Don Julio tequila and by cash $408 million and Cuervo also will take 100% controlling power of famous Bushmills whisky from Diageo plc. It is expecting that the deal may be completed by June 2015.

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The New Rules of SEC and its Effects on the Money Market Funds

Apr 2, 2014 by

The New Rules of SEC and its Effects on the Money Market Funds

Recently some new rules have been declared regarding the money market by the Securities and Exchange Commission, which administer institutional money market funds. According to a report of SEC, these new rules are likely to deal with threats of liquidity that carries on institutional money market funds through fund contributors.

A significant modification to the rules directing the money market funds is a new necessity for floating net asset rates. Previously, an advantage to putting money into a money market fund was the steady net asset price of one dollar. Exclusive asset valuation systems and fund pricing rules were allowed in the money market funds formerly but will not be acceptable when the latest regulations are in place.

View of Chairwoman of SEC-
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In the opinion of Mary Jo White, the Chairwoman of SEC, these new policies can present essential new tools, which will assist further to defend investors and the economic system. Moreover, it may make the present markets more elastic and improve transparency and equality of the goods for American investors.

The results for the implication of these new rules-

Upon execution of the new regulations from the SEC, the money market funds will appreciate all the investments holding the money market funds and bring out a daily market value that will float according to the market value of the fundamental assets.

The new SEC policy will permit institutional as well as non-government MMF managers to apply a number of different controls to handle fund liquidity at the time of market strain. Such controls will comprise charges on fund participants willing to put down the MMFs and liquidity gates to permit the managers to manipulate the amount of money moving out and into the MMFs.

By letting the share price to fall, it takes away the incentive for the depositors to run for the exit. Certainly investors suffer losses but the risk of entire loss is removed. By permitting penalties, it puts off withdrawals, but depositors who want their money, in fact, will take it out in any case. SEC, by letting these MMFs to setback paying, stops runs, which might happen with a floating share price.

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Women Forms the Critical Part of The U.S. Economy

Mar 6, 2014 by

Women Forms the Critical Part of The U.S. Economy

In the recent times, women entrepreneurs had become a major force in the U.S. economy. Currently women start the businesses at twice the rate of the men and approximately half of the owners at 46% of private firms are being held in the country.

Economic Statistics Shows the Women Owned Business in Positive Light

US economy had shown impressive progress post-recession in terms of increasing the jobs, which had resulted mainly due to two majors players, one being the giant public companies and other were women-owned businesses. More interestingly just 2% of women owned business had effectively made a brisk US $1 million in revenues. On the other hand, men owned business are 3.5 % more likely to reach that $1 million threshold.
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Reasons Behind the Success of Women Entrepreneurs

The running of the EY Entrepreneurial Winning Women Program for last seven years had empowered the women with right balance of knowledge, which is needed, for achieving success. EY program is designed for the women, as it understands the needs of the women entrepreneurs in an effective and decisive manner.

EY group, which compromises, of some of the leading women and men in the industrial sector had facilitated the education of the women entrepreneurs. This community had a great effect on women, which had resulted in accelerated growth in women leadership, and it had even provided a serene and fertile environment for the women to take bold decisions, engage stakeholders and give a mark of courageous leadership.
A live webcast was initiated by the EY group in September to help women entrepreneurs in a positive way and build their confidence. This program is a competitive leadership program which identifies the select group of worthy women entrepreneurs both in US and Canada whose business tends to have real potential for further scaling up and the EY just help to do it. This program is also being expanded to various other countries in the world.

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Netting in the Best Deal – Largest may not be the Best

Jan 22, 2014 by

Netting in the Best Deal – Largest may not be the Best

Acquisitions and Buyouts are common in modern day businesses with various reasons – to eliminate competition or to catch up to competitors or simply because someone has enough cash lying around. But, as an owner of a small company which received an offer from a big brother, would you like a deal from X which gives you $ 20 million or from Y that nets you $ 15 million? An immediate answer is to go with the highest paid bidder. But such a decision may not be the best.

Cashing in Upfront

In most cases, the buyer will not offer all the money upfront but only a percentage of it, the rest pertains to certain conditions being met. Check how much you receive upfront and decide accordingly. A higher paid offer might give a very small amount upfront.

Getting paid full

You are often required to meet certain conditions to receive the full sum i.e. your product lines remains same, your staff sticks around, sales figures meet expectations, etc. The highest paying buyers may entice you with amount but may have way unrealistic conditions to get that entire amount.

A very taxing Tax
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Always read the offer document very carefully and the pertaining tax amounts. While the highest bidding buyers offer you a great amount, the associated high taxes might make the actual amount very meager. A 40% tax on 15 million over 23% tax on 10 million nets you just an additional 700k that may not be worth it depending on the conditions.

Working with them

It is often required to work with your new owners before getting paid in full. However since you are no longer the boss, you will get controlled and the experience may not be good. Further your business might get stamped by their name without any identity now.

Thus, it is not always the best to go for the highest bidder but rather carefully examining the offer details to get the best deal.

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