There are several aspects of seeing this happen that bothers me. The first is that businesses are waiting until there is a problem before deciding to do something to get people in the door. Notice that the article talks about businesses teaming up; this sounds like power promoting to us. Power promoting is something we have been promoting for over a decade. And then the aspect of cutting prices? (See my comments of earlier today regarding Wal-Mart) This is not the time for a retailer to decide to change their image of what they want their business to me. And by dropping prices toward a new image, it is tough for a business to go back to the previous price image.
Take a look at what Business Week has to say by following this link:
