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Buy Nothing Day
Buy Nothing Day (BND) is an international day of protest against consumerism. In North America, the United Kingdom, Finland and Sweden, Buy Nothing Day is held the day after U.S. Thanksgiving, concurrent to Black Friday; elsewhere, it is held the following day, which is the last Saturday in November. Buy Nothing Day was founded in Vancouver by artist Ted Dave and subsequently promoted by Adbusters, based in Canada.
The first Buy Nothing Day was organized in Canada in September 1992 "as a day for society to examine the issue of overconsumption." In 1997, it was moved to the Friday after American Thanksgiving, also called "Black Friday", which is one of the ten busiest shopping days in the United States. In 2000, some advertisements by Adbusters promoting Buy Nothing Day were denied advertising time by almost all major television networks except for CNN. Soon, campaigns started appearing in the United States, the United Kingdom, Israel, Austria, Germany, New Zealand, Japan, the Netherlands, France, Norway and Sweden. Participation now includes more than 65 nations.
- "Buy Nothing Day" | 2021-11-26 | 50 Upvotes 3 Comments
- "Buy Nothing Day" | 2016-11-25 | 27 Upvotes 2 Comments
In decision making and psychology, decision fatigue refers to the deteriorating quality of decisions made by an individual after a long session of decision making. It is now understood as one of the causes of irrational trade-offs in decision making. Decision fatigue may also lead to consumers making poor choices with their purchases.
There is a paradox in that "people who lack choices seem to want them and often will fight for them", yet at the same time, "people find that making many choices can be [psychologically] aversive."
For example, major politicians and businessmen such as former United States President Barack Obama, Steve Jobs, and Mark Zuckerberg have been known to reduce their everyday clothing down to one or two outfits in order to limit the number of decisions they make in a day.
- "Decision fatigue" | 2020-03-04 | 184 Upvotes 82 Comments
In shopping mall design, the Gruen transfer (also known as the Gruen effect) is the moment when consumers enter a shopping mall or store and, surrounded by an intentionally confusing layout, lose track of their original intentions, making consumers more susceptible to make impulse buys. It is named for Austrian architect Victor Gruen, who disavowed such manipulative techniques.
- "Gruen transfer" | 2018-04-15 | 105 Upvotes 58 Comments
Nebraska Furniture Mart
Nebraska Furniture Mart is the largest home furnishing store in North America selling furniture, flooring, appliances and electronics. NFM was founded in 1937 by Belarus-born Rose Blumkin, universally known as Mrs. B., in Omaha, Nebraska, United States. Under the motto "sell cheap and tell the truth," she worked in the business until age 103. In 1983, Mrs. B. sold a majority interest to Berkshire Hathaway in a handshake deal with Warren Buffett.
- "Nebraska Furniture Mart" | 2019-09-21 | 170 Upvotes 72 Comments
In economics, shrinkflation is the process of items shrinking in size or quantity, or even sometimes reformulating or reducing quality while their prices remain the same or increase. The word is a portmanteau of the words shrink and inflation. First usage of the term has been attributed to both Pippa Malmgren and Brian Domitrovic.
- "Shrinkflation" | 2022-09-10 | 19 Upvotes 3 Comments
- "Shrinkflation" | 2019-11-25 | 34 Upvotes 55 Comments
Waffle House Index
The Waffle House Index is an informal metric named after the Waffle House restaurant chain and is used by the Federal Emergency Management Agency (FEMA) to determine the effect of a storm and the likely scale of assistance required for disaster recovery.
- "The Waffle House Index" | 2022-09-11 | 52 Upvotes 13 Comments
- "Waffle House Index" | 2020-03-25 | 15 Upvotes 5 Comments
Computer Says No
"Computer says no" is a catchphrase first used in the British sketch comedy television programme Little Britain in 2004. In British culture, the phrase is used to criticise public-facing organisations and customer service staff who rely on information stored on or generated by a computer to make decisions and respond to customers' requests, often in a manner which goes against common sense. It may also refer to a deliberately unhelpful attitude towards customers and service-users commonly experienced within British society, whereby more could be done to reach a mutually satisfactory outcome, but is not.
- "Computer Says No" | 2021-01-11 | 14 Upvotes 2 Comments
El Corte Inglés, Europe’s Biggest Department Store
El Corte Inglés S.A. (Spanish pronunciation: [el ˈkoɾte iŋˈɡles]), headquartered in Madrid, is the biggest department store group in Europe and ranks third worldwide. El Corte Inglés is Spain's only remaining department store chain. El Corte Inglés has been a member of the International Association of department stores since 1998.
- "El Corte Inglés, Europe’s Biggest Department Store" | 2021-12-13 | 13 Upvotes 2 Comments
Big Mac Index Manipulation
The Big Mac Index is a price index published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible."
The index, created in 1986, takes its name from the Big Mac, a hamburger sold at McDonald's restaurants.
- "Big Mac Index Manipulation" | 2022-04-03 | 20 Upvotes 2 Comments