Amazon: Deal With It; American Airlines Gets on Board (Finally); Abercrombie & Fitch CEO Ditch

Let’s make a deal…

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Amazon has come up with yet another way to reinvent shopping – sort of. The e-commerce website added a new feature to its website dubbed the “Make an Offer” button. The ever-resourceful mega e-tailer surveyed a bunch of its sellers and wouldn’t you know it: Several sellers said that the ability to negotiate prices would help drive sales for them – and for Amazon, of course. 150,000 items will get that nifty little button added to their items’ options with hundreds of thousands more coming next year. Unlike eBay, there will be no bidding against others and negotiations are completely private.  A customer makes an offer and…voila! The seller gets to reject, counter or reply. If a seller counters, a customer has 72 hours to counter-counter (is that a thing?). Apparently it makes customers feel like they are getting the best possible price for whatever it is they are buying. In any case, if you’re into haggling over prices, you’ll have plenty what to choose from any number of fine art, sports and entertainment collectibles being offered up.

It’s about time…

Image courtesy of vectorolie/FreeDigitalPhotos.net

Image courtesy of vectorolie/FreeDigitalPhotos.net

American Airlines, which merged with US Airways last December, is reaping huge earnings, along with just about every other US carrier. To celebrate, it’s giving itself a $2 billion upgrade. Which is really great, because last time I flew the airline, on its vintage aircraft sporting drop down televisions with poor picture quality, American Airlines kept showing commercials for its new fleet of aircraft. The commercials made it sound like the improvements were just a few days away. That was over a year ago. In any case, look for redone lounges and better aircraft. Flying international first-class? You’re in luck. Well…you’re paying a mint for that luck, but anyways, you get lie-flat seats (which I’m pretty sure other airlines have been offering for years now). Need to get online while in-flight? No problem. Buy an international ticket to anywhere and American will provide you with satellite-based internet. Or, if you don’t even need to leave the country, you can just fly Virgin America, which has been offering in-flight internet…for years now. If you’re flying on the most economical ticket, which will still be exorbitantly expensive, well then, screw you. You’re lucky just to be sitting in the new airplane. Wondering if that $2 billion will help improve the attitudes of some of American Airlines’ more surly flight attendants? Well, screw you again.

And you’re out!

Image courtesy of  iosphere/FreeDigitalPhotos.net

Image courtesy of iosphere/FreeDigitalPhotos.net

Who can the forget the days when Abercrombie & Fitch CEO Michael Jeffries not so charmingly said back in 2006, “We go after the attractive all-American kid with a great attitude and a lot of friends. A lot of people don’t belong, and they can’t belong. Are we exclusionary? Absolutely.” Well now, he doesn’t belong anymore after abruptly “retiring,” something a lot of folks wish he’d done a long time ago, including activist investor Engaged Capital which last year said the company’s lousy numbers  (Engaged Capital said it way more eloquently) “is a result of a failure of leadership.” Amen. Investors celebrated news of the “retirement” by sending shares of the stock up over 6%. The company, which has  834 stores in the United States with 166 stores in other parts of the globe, also owns Hollister and Gilly Hicks. Abercrombie & Fitch has been doing poorly for awhile now, unable to compete with the likes of H&M and Forever 21. Abercrombie & Fitch even tried ditching the logo on a bunch of its merchandise, which did little – if anything – to help boost its earnings.

 

 

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