Thread: UPDATE: DESPITE TAX INCREASE, CALIFORNIA STATE REVENUES IN FREEFALL

Originally Posted by Jean

Is this for real? Funny, sort of.

It's a joke. And funny.

This "article"is from one of those sites that lets anyone make up anything and post it on the site and pretend it's news. Some of them even get paid, but not many.

Originally Posted by JohnDoe2

It's a joke. And funny.

This "article"is from one of those sites that lets anyone make up anything and post it on the site and pretend it's news. Some of them even get paid, but not many.

Hey, but it may happen apparently.

October 13, 2012

Dollar Store Seeks to Rub Elbows on Rodeo Drive - ABC News

It's actually going to be a $99. only store.

Originally Posted by JohnDoe2

It's actually going to be a $99. only store.

Originally Posted by JohnDoe2

It's a joke. And funny.

This "article"is from one of those sites that lets anyone make up anything and post it on the site and pretend it's news. Some of them even get paid, but not many.

This is on Breitbart, not usually a fringe site.

DESPITE TAX INCREASE, CALIFORNIA STATE REVENUES IN FREEFALL
Despite Tax Increase, California State Revenues in Freefall



99 CENT STORE MOVING TO RITZY RODEO DRIVE



by WILLIAM BIGELOW 18 Oct 2012

Now even the well-to-do residents of Beverly Hills are feeling the economic pinch. The proof is that the glitziest avenue, Rodeo Drive, may soon be graced by the presence of a 99 Cents Only Store, and some residents aren’t unhappy about it.

Rodeo Drive is famous for stores such as Versace, Armani, Chanel and Tiffany & Co.

But the 99 Cents Only Stores chain has announced that it’s looking for space among the tony outlets. Eric Schiffer, the chain’s CEO, said,

We think our store will do well. Our highest amounts of sales are happening in our branch on Wilshire Boulevard. We know for a fact a lot of customers there are coming from Beverly Hills. This store will be here to stay. The major reason for its success will be the challenging economy which came as the final impetus to open the store. We’ve had many success stories that are similar to this scenario. After we opened our store in West Hollywood on West Lincoln Boulevard, a Whole Foods came right next to us. As soon as it did, our business went up dramatically.

Beverly Hills resident Ann Garry, who has lived in the ritzy burg since 1977, was excited:

Oh my God! How will it work in the middle of all the fancy-shmantsy? If there’s a 99 Cent Only Store on Rodeo Drive, I will definitely shop there. I wouldn’t dream of shopping on Rodeo Drive. Instead of just looking at the windows I can now shop there.

But Mikael Choukroun, manager of 208 Rodeo restaurant located on the Rodeo Drive, wasn’t happy:

Hearing news of The 99 Cents Store opening is very disappointing. I worked for 20 years at Les Champs Elysees [in Paris] and I have seen what such stores have done to it. After McDonalds and similar places opened many of the high-end brands left Les Champs Elysees and it’s now full of cheap stores. I can see this happening to Rodeo Drive if they start opening such stores.

Schiffer feels that he’s doing the other stores a favor:

We’re hoping to find a landlord who will understand that with opening such a store we will increase traffic on Rodeo Drive, which has been slow due to the bad economy. By putting our news release out on Tuesday we hope to attract the interest of landlords and perhaps cut the middle-man process, and by that, cut some extra costs. Shops on Rodeo make most of their sales from tourists. When tourists get their basic needs from our store, as opposed to paying a lot more for the same items at their hotels, they will have saved enough to shop on Rodeo.

99 Cent Store Moving to Ritzy Rodeo Drive

_{99 Cent Store Moving to Ritzy Rodeo Drive}

AND WE THINK THAT'S FUNNY.

Originally Posted by JohnDoe2

_{99 Cent Store Moving to Ritzy Rodeo Drive}

AND WE THINK THAT'S FUNNY.

VERY FUNNY!

Originally Posted by Newmexican

VERY FUNNY!

What -they can't afford Dollar Tree? lol!

Originally Posted by SicNTiredInSoCal

What -they can't afford Dollar Tree? lol!

I remember when I was a kid and visited Grandma, she would take us down to the "Five and Dime" to buy each of us a toy for between 5 cents and 10 cents.

For those who don't know what a Five and Dime is:

see Five and Ten (film).
see Five and Dime.


Kress Stores

The concept of the variety store originated with the five and ten, nickel and dime, five and dime, ten-cent store, or dimestore, a store where everything cost either five cents (a nickel) or ten cents (a dime). The originator of the concept is Woolworth Bros, in July 1879. Woolworth Bros later became F.W. Woolworth Company or just, Woolworth's. On June 21, 1879, Frank Winfield Woolworth opened his first successful five cent store in Lancaster, Pennsylvania, after a failed attempt with a store he opened on February 22, 1879, in Utica, NY. Frank soon brought his brother, Charles Sumner "Sum" Woolworth into the business. Together they opened a second store in Harrisburg, PA, on July 18, 1879. Prior to their own stores, the Woolworth brothers worked in the Augsbury and Moore, a dry goods store in Watertown, New York. It was this employer who trained the Woolworth brothers, and loaned Frank $300 in merchandise. Frank settled his debt by the time he opened the Lancaster store. Frank experimented with a 10¢ table in Lancaster, and similar to his experiment of a 5¢ table at Augsbury and Moore, it was a success. Sum managed the Harrisburg store, crammed it with goods, hired clerks, and also added table with a ten cent line of goods. Once again, the line was a huge success. Due to a rent dispute with the landlord, Sum soon moved the Harrisburg store to York, Pennsylvania and on November 6, 1880, Sum opened the store in downtown Scranton, Pennsylvania, and formally called the store a "5¢ & 10¢ store". There, Sum developed and fully established the five and ten (dime) concept into American culture. While Frank spent time opening more stores, working the back end of the business, buying in bulk for all affiliates and "friendly rivals", and buying manufacturers to keep prices low, Sum used his Scranton store to train new managers and develop many of the Woolworth concepts which included bright lighting, a polished high-luster floor, glass showcases, mahogany counters and merchandise which people can touch. Prior to this, clerks had to personally work with each customer, and take merchandise from cases or shelves to hand to customers. The old practice of individualized service caused higher overhead, and clerks needed to know the merchandise. Prior to Woolworth, the prevailing thought was an entire store could not maintain itself with all low-priced merchandise. The Woolworth Bros and their affiliated partner stores originally featured merchandise priced at only five cents and ten cents. Many other people tried to copy their lead.^[3]
Later in the twentieth century the price range of merchandise expanded. Inflation eventually dictated that the stores were no longer able to sell any items for five or ten cents, and were then referred to as "variety stores" or more commonly dollar stores. Using the Historical Consumer Price Index for Jan 1913 (9. and Jan 2009 (211.143), the rate of inflation change is 2,067%. Therefore, $0.05 in Jan 1913 when adjusted for inflation is $1.08 in Jan 2009 dollars.^[4]
Well-known dimestore companies included:^[5]

• Ben Franklin Stores
• Butler Brothers
• Duckwall-ALCO
• W.T. Grant
• H.L. Green
• S.S. Kresge Co.
• S.H. Kress & Co.
• J.G. McCrory's
• McLellan's
• G.C. Murphy
• Neisner's
• J.J. Newberry's
• Sprouse-Reitz
• TG&Y
• Walton's Five and Dime
• Woolworth's

Of these, only Duckwall-ALCO and Ben Franklin continue to exist in this form, while Kresge and Walton's became mega-retailers Kmart and Wal-Mart. Beginning around the 1960s, others tried the larger "discount store" format as well, such as W.T. Grant, Woolworth's Woolco stores, and TG&Y Family Centers.^{[citation needed]}
According to IBISWorld, dollar stores have grown 43 percent since 1998 and have become a $56 billion industry. Colliers International claims there are more dollar stores than drug stores. With stores of other types closing in large numbers, dollar stores often replace other types of stores in shopping centers. They succeed partly because of impulse purchases.^[6]
Among today's dollar stores are:

• In the United States: Dollar Tree, 99 Cents Only Stores, Deal$, Fred's, Dollar General, Family Dollar, Five Below, Galloway Dollar, Real Deals, and Honks
• In Canada: A Buck or Two (163+), Dollarama (560+), Everything For a Dollar Store, Great Canadian Dollar Store (100+), Dollar Giant (50+), Your Dollar Store With More (180+)
• In Mexico: Waldo's Dollar Mart,

Variety store - Wikipedia, the free encyclopedia