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NEW YORK - NOVEMBER 25: Bargain hunters shop for discounted merchandise at Macy's on 'Black Friday' on November 25, 2011 in New York City. Marking the start of the holiday shopping season, 'Black Friday' is one of American retailers' busiest days of the year. (Photo by Michael Nagle/Getty Images)
On Black Friday, retailers will promote discounted clothes, TVs and laptops to excited consumers, with sales of 40 percent or more. But what qualifies as a real “sale” can be misleading.
The retailer and manufacturer may have together marked a price that they are never expecting an item to fetch. For example, a sweater may list at $60, but the store and the garment maker may have already agreed to sell it for $40, said Burt Flickinger, III, managing director for Strategic Resource Group, a retail consulting firm.
When a store sells the sweater for $20 off, consumers may think they are getting a great deal, Flickinger said. Some shoppers might assume that the stores aren't making much money, when in reality, the retailer and the manufacturer aren't sacrificing their profits.
"You'll definitely see some of the strategy in place for Black Friday," Flickinger said.
The pop-up store has become a way for companies to build buzz around certain brands. This holiday shopping season some tech companies are getting into the act.
Google has opened six Winter Wonderlabs, including one in the Westfield Topanga mall in Canoga Park, where shoppers can check out new gadgets such as the Nexus 7 or just play interactive games.
On Tuesday, Chip-maker Intel opens one of three national Intel Experience Stores on Abbott Kinney boulevard in Venice.
Most consumers don’t buy products directly from Intel, but they do buy computers, laptops and tablets with Intel chips inside. With its pop-up stores in Chicago, New York, and Venice, Intel Vice President of Creative Services Kevin Sellers says the company isn’t trying to bypass the makers of the laptops and tablets that include its technology or take business away from retailers like Best Buy that sell them.
Photo by Mark Luethi via Flickr Creative Commons
Online travel website Orbitz is predicting that LAX will be the nation's busiest airport during the Thanksgiving Holiday period from Nov. 22 to Dec. 2 in 2013.
LAX officials expect more than 2 million people will travel through the airport from Nov. 22 to Dec. 2, up nearly 7 percent from last year.
That volume of passengers will make LAX the nation's busiest airport during the Thanksgiving holiday, according to online travel website Orbitz.
The airport said there has been an increase in international flights to Asia and Europe, which may have caused the increase in passengers. LAX also pointed to travel experts that said some of the airlines are using larger planes to fit in more travelers.
Airport officials urged passengers with flights during the peak travel times of 6-9 a.m., 11 a.m. to 2 p.m. and 7-11 p.m. to arrive at their airline's ticketing areas two hours earlier for domestic flights and three hours earlier for international flights.
The doors finally swing open to the public Friday at the Los Angeles Auto Show. Founded back in 1907, the annual event now showcases high tech vehicles that have become rolling communication and entertainment centers. The latest models also show off features designed to ensure safer driving.
The Auto Show attracts entrepreneurs like Matt Ginsberg, CEO of a Eugene, Oregon-based company called GreenDriver. He has developed a smartphone app that runs in eight western U.S. cities, drawing on real-time data from traffic lights .
"When you pull up to a red light and stop, it tells you orally how long the light's going to be red," Ginsberg said. "Five seconds before the light changes, it sounds a bell, tells you to refocus on driving."
That’s just the app. The technology he wants to market to automakers goes even further. If a driver is running a red light inadvertently, the technology could honk the car's horn or apply the brakes. Ginsberg says his device will help cut down on the number of red light intersection accidents.
Larry Busacca/Getty Images for The New York Times
Journalist Andrew Ross Sorkin (L) and billionaire investor Daniel Loeb participate in a discussion at the New York Times. Loeb has pushed for Sony to spin off its entertainment division.
Vanity Fair recently called him “Wall Street’s biggest bully.”
To George Clooney, he is a Hollywood “carpetbagger.”
Who attracts this kind of bicoastal hostility? That would be billionaire activist investor Daniel Loeb.
He didn’t attend Sony’s first-ever “Entertainment Investor Day", but his months-long campaign to break up the company was very much at issue during the Culver City event.
“It was the impetus to show our wares, and it’s been a pleasure, frankly," said Michael Lynton, the CEO of Sony Entertainment.
Loeb's proposal to break off the entertainment unit
In August, Sony’s board rejected Loeb’s proposal to spin off the entertainment unit from the rest of the company.
But they did vow greater transparency, which is what Thursday's investor day was all about.