There might be fewer styles of sneakers, sweatpants, and other Nike apparel to choose from next time you go shopping, as the athletic company makes plans to cut back on its workforce and product lines. [More]
cutting back
Make Your Money Go Farther By Stretching Out Spending Intervals
By 11.21.11
When you’re looking to cut back on spending, it’s natural to look for money-sucking activities to cut out of your life entirely. But that’s not the only way to trim a budget. Rather than eliminating what you do, you can just do those things less often. [More]
Seattle Libraries To Close For A Week To Save Money
By 8.23.10
If you live in Seattle, make sure you don’t plan any library outings between August 30th and September 6th, when all branches will be closed. As it did last year, the library system is shutting down services and not paying employees for a week to cut about $650,000 from its budget. Fortunately, you’ll still be able to access several electronic services that week, including ebook checkout and online databases. [More]
Are Pay-Per-View Hotel Movies Pointless In 2010?
By 5.12.10
LodgeNet provides pay-per-view movie services to hotels, and the company’s latest financial filing shows nearly a 10% drop in revenue in the first quarter of 2010 compared to the same period a year ago. (And that’s after a 19% drop in revenue from 2008 to 2009.) Travelers seem to be wising up to the high prices of hotel pay-per-view and are resorting to other ways to stay entertained. Now if only our laptops and smartphones could contain a mini-bar compartment. [More]
We Are Too Poor For Fancy Alcohol
By 2.2.10
The numbers are in for liquor sales in 2009, and last year had the smallest increase in sales since 2001, reports Bloomberg. What’s worse (if you own a high-end liquor company), sales shifted toward the products on the cheaper end of the spectrum, and people bought less at restaurants and other public places. But we’re not actually drinking less, it turns out–we’re just doing more entertaining at home. [More]
Hyatts In Boston Decide To Outsource Housekeeping
By 9.17.09
Housekeepers at three Hyatt hotels in Boston made over $15 an hour and had benefits like 401(k) retirement plans and health insurance. On August 31st, Hyatt laid them off en masse—after first having them train their replacements under the guise of creating a holiday fill-in staff—and turned the housekeeping duties over to an outside firm.
