Why don’t Chinese spend more money?

If anyone on the planet can afford to head down to the neighborhood mall and indulge in a shopping spree, you’d think it would be the Chinese. After all, they live in an economy that routinely posts growth rates of 9% or higher, resulting in surging incomes and boundless job opportunities. While much of the world experienced GDP …

How Much Is a Gift Really Worth? Not As Much As You Pay for It

Research shows that gift-giving is often better for retailers than it is for the folks actually receiving gifts. Forty-two percent of recipients receive at least one gift that they never open, and 38% of consumers get gifts that they return. Recipients also typically deem gifts to be worth significantly less than what the buyer paid—up …

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