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But demographics are actually a crude way of personalizing prices, the Brandeis economist Benjamin Shiller argued in a recent paper, “First-Degree Price Discrimination Using Big Data.” If Netflix were to use only demographic factors, such as people’s race, household income, and zip code, to personalize subscription prices, his model predicted, it could boost its profits by 0.3 percent. But if Netflix also used people’s web-browsing history—the percentage of web use on Tuesdays, the number of visits to RottenTomatoes.com, and some 5,000 other variables—it could boost its profits by 14.6 percent.
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Tip: Macy’s department store is not only the largest store in the world, they also have a sale just about every day and advertise the bigger sales to their card holding customers. Visitors shop at 10% discount for the day when showing their passports at Macy’s visitor’s center. Remember to write your email in the shop’s guest book — it’s the surest way to know about their next retail sale and many offer the same sales items on line. Find retail sale listings at www.TheStylishCity.com.
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The right price—the one that will extract the most profit from consumers’ wallets—has become the fixation of a large and growing number of quantitative types, many of them economists who have left academia for Silicon Valley. It’s also the preoccupation of Boomerang Commerce, a five-year-old start-up founded by Hariharan, an Amazon alum. He says these sorts of price experiments have become a routine part of finding that right price—and refinding it, because the right price can change by the day or even by the hour. (Amazon says its price changes are not attempts to gather data on customers’ spending habits, but rather to give shoppers the lowest price out there.)
Thrift and Second-hand Shops: If you don’t care about designer labels, this is where you will find the lowest prices. There are so many wonderful second-hand thrift shops in the city, from charity shops to independent second-hand stores. Deeper discounts will generally be found at the charity shops, as well as New York’s most incredible finds. New York has the best second-hand stores because it is a well-to-do city with New Yorkers who love donating to a good cause. You can find many better thrift and vintage shops on www.ZTrend.com
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Online stores must describe products for sale with text, photos, and multimedia files, whereas in a physical retail store, the actual product and the manufacturer’s packaging will cheap wigs online shopping available for direct inspection (which might involve a test drive, fitting, or other experimentation). Some online stores provide or link to supplemental product information, such as instructions, safety procedures, demonstrations, or manufacturer specifications. Some provide background information, advice, or how-to guides designed to help consumers decide which product to buy. Some stores even allow customers to comment or rate their items. There are also dedicated review sites that host user reviews for different products. Reviews and even some blogs give customers the option of shopping for cheaper purchases from all over the world without having to depend on local retailers. In a conventional retail store, clerks are generally available to answer questions. Some online stores have real-time chat features, but most rely on e-mails or phone calls to handle customer questions. Even if an online store is open 24 hours a day, seven days a week, the customer service team may only be available during regular business hours.
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It’s not that consumers hadn’t benefited from the lower prices available online. They had. But some of the deals weren’t nearly as good as they seemed to be. And for some people, glee began to give way to a vague suspicion that maybe they were getting ripped off. In 2007, a California man named Marc Ecenbarger thought he had scored when he found a patio set—list price $999—selling on Overstock.com for $449.99. He bought two, unpacked them, then discovered—courtesy of a price tag left on the packaging—that Walmart’s normal price for the set was $247. His fury was profound. He complained to Overstock, which offered to refund him the cost of the furniture.
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Except if you opt-out or for disputes relating to your or Forever 21’s intellectual property (such as trademarks, trade dress, domain names, trade secrets, copyrights and patents) (“Excluded Disputes”), you agree that all disputes between you and Forever 21 (whether or not such dispute involves a third party) with regard to your relationship with Forever 21, including without limitation disputes related to this Returns and Exchanges Policy, your use of the Site, purchase of products, and/or rights of privacy and/or publicity, will be resolved by binding, individual arbitration under the American Arbitration Association’s rules for arbitration of consumer-related disputes and you and Forever 21 hereby expressly waive trial by jury. As an alternative, you may bring your claim in your local “small claims” court, if permitted by that small claims court’s rules and as long as such matter is only pending in that court. You may bring claims only on your own behalf. Neither you nor Forever 21 will participate in a class action or class-wide arbitration for any claims covered by this agreement. You also agree not to participate in claims brought in a private attorney general or representative capacity, or consolidated claims involving another person’s account, if Forever 21 is a party to the proceeding. This dispute resolution provision will be governed by the Federal Arbitration Act. In the event the American Arbitration Association is unwilling or unable to set a hearing date within one hundred and sixty (160) days of filing the case, then either Forever 21 or you can elect to have the arbitration administered instead by the Judicial Arbitration and Mediation Services. Judgment on the award rendered by the arbitrator may be entered in any court having competent jurisdiction. Any provision of applicable law notwithstanding, the arbitrator will not have authority to award damages, remedies or awards that conflict with this Returns and Exchanges Policy, or the website Terms of Use.

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