Shop Talk
Retailers, consumers and prices
Check Out Line: No Easy button for OfficeMax
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Check out OfficeMax probably wishing it had one of those Easy buttons that rival Staples is always talking about.
The office supplies retailer reported a fourth-quarter loss, compared with a profit a year ago. Excluding items, it reported adjusted earnings that missed Wall Street estimates by 16 cents per share.
OfficeMax, which has suspended its dividend and cut staff in an effort to reduce spending, also said it expects sales to decline in 2009 due to the difficult economic environment.
Also in the basket:
Wal-Mart slashing price on its prepaid MoneyCard
Puma omits 2009 outlook after weak Q4
Loblaw profit jumps, but bracing for tough times
Reality TV fashion stars find rough road to runway
Americans’ Standard of Living Permanently Changed (tech ticker)
(Photo: Reuters)
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I wanted to buy a floor protector and took one from a bin that had 29.99 on it. There were 3 left. When I got to the check out I found it to be 80.00. I asked the check out person to come back and see what I had seen on the display. She was unwilling to do so. Office Max lost me as a customer.
Hard to imagine that if there’s only 3 in the spot that it could have been put there by anyone with two working arms. People need to learn how to read a price label.
p.s. It’s called a chairmat.