Money is a tool we use to achieve a goal. Different people have different strategies for what to do with money.
Some spend everything on consumer goods or recreational activities, such as enjoying a meal in a restaurant or going to a cinema. Others are in a situation where they can’t save money at all. They have to live from paycheck to paycheck. Such people are said to be living hand-to-mouth.
Classic Australian lollies Redskins and Chicos are set to be renamed so they don't marginalise consumers, confectionery company Allens has announced.
The decision was made by the brand's parent company, Nestlé, because a redskin is a slang term for Native Americans in the U.S., where it is considered offensive. Chico, which is Spanish for "boy", is also used in a derogatory way.
The cashless economy has become increasingly prevalent in developed countries such as the U.S. and Japan. Consumers are incentivized to use debit or credit cards through discounts and freebies, and banks and credit card companies collect information on people’s spending habits.
Retail giant Aeon Co. has renovated 13 outlets across the country to cater to seniors, offering earlier opening hours and services that encourage asatomo (morning friends) get-togethers.
Kohei Nakahara, a store manager, canvassed elderly people who frequent nearby parks to better understand their needs. “We brought what they want to do into our store, and it resulted in them staying longer. We want to make the store a place like a community hall for neighbors,” he said.
Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.
In a sign of how the retailer is changing, the Amazon Echo, a voice-activated electronic assistant, was also for sale, for $99.99—a sharp pivot into electronics for a company known for kale and quinoa. The Echo Dot, a smaller version, was advertised for $44.99.
