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Basic Mistakes Retailers Make When Times Are Tough

We originally wrote this for the AMEX OPEN Forum August 25 09 There’s an old story in the ad business about a man who ran a hot dog stand. He did really well selling his hot dogs. One day, a customer mentioned, while adding mustard to his hot dog, that he felt there was an economic downturn looming. The hot dog stand owner decided he’d better prepare for the worst so he immediately fired his helper, switched to lower quality wieners and stopped advertising. Sure enough, business droppe....

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on Oct 14, 09

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