Sure, Neiman Marcus recently had some very bad news, that its fiscal first-quarter profits were down 34 percent. But Mint.com, a site that helps people track their finances, says its numbers show that the luxury retail market is on the rebound. See here:
By aggregating date from 1 million of their users, Mint claims to have a “representative sampling of U.S. consumers.” The chart shows that, for these luxury retailers, spending per user is coming back up to 2008 levels late in the year. But since the bottom didn’t really fall out of the market until late 2008, isn’t it easier for the retailers to look better compared to last year when it comes to these October and November numbers, as opposed to the first quarter of 2008?
Plus shouldn’t we discount all the data on this chart, since they’re classifying Banana Republic as a “luxury retailer?”
Fitting that, just before walking in to pay our cable TV bill in Garland Saturday, I’d been listening to Lily Tomlin’s classic Ernestine the telephone operator routine on some FM station. You know, the one where she browbeats a customer into settling a $24 bill by saying he can’t escape the phone company, which is “omni-potent.” When the bit was over, I entered the office of our friendly local cable monopoly, aka the Time Warner Cable office on Centerville Road. There, two dozen customers were standing in line waiting to see one of two clerks. The customers were uncommonly good-natured, pointing newcomers to the line’s end, opening the door for elderly customers toting heavy defunct set-top boxes.
Fifteen minutes went by as the line inched forward. Then 30 minutes. Then 45, maybe 50. Just as I was one guy away from taking care of business, the clerk yelled out, “Anybody just have a bill to drop off with a check?” I did. “You don’t have to wait in line,” he said loudly. “Just bring it straight to me.” There were no signs about this, no nothing. Then the kicker: If you’re paying by check at the office and you want a receipt, seems it will cost you an extra $5. Five bucks as punishment for paying your bill in person with a check? They call it some kind of “processing” fee; I’d call it robbery. So, consider this fair warning if you show up in the flesh to pay your bill at Time Warner: Ernestine’s “omni-potent” people are still in charge.
The January issue of the “print product” will contain a fascinating story (if I do say so myself) written by Thomas Korosec about how two women came up with an ingenious tactic for shutting down the city’s brothels. We’ve put it online early because WE’VE GOT BREAKING NEWS. The brothels — er, massage parlors — are fighting back.
The phone giant has been whipped mercilessly online and in the media over its IPhone coverage. But it seems not to be a problem with AT&T but with the IPhone itself. Why hasn’t AT&T defended itself by revealing the truth? If your data revenues per subscriber were up 57%, you wouldn’t want to irritate Apple either.
This announcement is for those of you who knew he was in it.
For the first time in the history of Western Civilization, a crowd gathered this morning at the American Airlines Center was told, the five North Texas Junior League chapters (Arlington, Dallas, Fort Worth, Plano, and Richardson) have come together to work on a project.
That project is Slant 45, a “service-learning” initiative for children led by Big Thought that’s tied to the Super Bowl XLV Host Committee’s efforts to create a lasting legacy for the Feb. 6, 2011, game. The Junior Leagues, along with local chapters of The Links Incorporated, will help register and coordinate the service projects of the 20,000 kids that the Slant 45 effort hopes to involve.
In one of many, many football analogies made during the presentation, Slant 45 “Action Team” chairman and former Dallas Cowboys fullback Daryl Johnston said that the Junior League and the Links will provide the special teams and defense to complement Big Thought’s offense.
It was also announced that the American Airlines Center will host a celebration party featuring “well-known artists” in January 2011, at the end of the Slant 45 effort, for the thousands of children who participate. Today’s affair lacked the star power of September’s Slant 45 launch — Johnston began the presentation with a shout-out to Richardson Mayor Gary Slagel – and the hundreds of young students in attendance then were supplanted by a gaggle of Junior League ladies today.
Watch the video below and see if you disagree. This is how he spent his Thursday before the Mavs played the Miami Heat on Friday. Related: Carlisle is setting up a celebrity table tennis event for charity in March called Purple Ping Pong. Go here for more details as the time nears. (H/T: Shoals)
About 20,000 people donned their shoes and headed out to the fog Sunday morning. I’ve only participated in one half marathon before, and it was in Oklahoma City. So I was excited for yesterday’s run, because it was in my backyard. Check the jump to read about the things I learned in my very, very slow 13.1 miles.
And Rex Tillerson gets what he wants. His Irving-based Exxon Mobil Corp. announced today that it will buy Fort Worth-based XTO Energy: The all-stock deal is estimated to be worth $31 billion. More details about the deal are available here.
Dimples did a nice job yesterday of reporting an excerpt from Tom Alexander’s soon-to-be released Stanley Marcus: The Relentless Reign of the Merchant Prince on legendary comedian Jack Benny’s last performance. But it didn’t cover the behind-the-scenes activities that took place the night that Jack didn’t go on with the show.
SweetCharity has the full story.
1. A man in an unmarked Crown Victoria pulled someone over the other day. The removable red light, the police-ish uniform, and maybe even the way he went about “searching” her gave the poor woman the creeps, and she ran away. Luckily, he did not give chase. Beware men in unmarked cars–a police spokesperson says that cops in unmarked cars rarely make routine traffic stops.
2. Craig Morris went to the Dallas County Jail last summer with a nasty case of pneumonia, and he left with…Well, he didn’t actually leave at all. The guy died. Despite pleas from other inmates to take him to the hospital, officers apparently didn’t think the guy was all that sick. In fact, a few minutes before he died, one officer said, “We decided not to wake him, as lying on the floor must have felt good to him, as the concrete was cool.” Beware the Dallas County Jail if you have any maladies. (Or maybe just avoid it altogether.)
3. The Dallas Cowboys lost. Again. Beware all those who cheer for them, refer to them as “America’s Team,” don jerseys, paint faces, attend games, and/or watch football on television. Basically, you should stay home today because everyone you encounter will be grouchy.