http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/ Luxist Comments for $1.6 Million Mistake Means No Ice Cream For Zappos CEO http://www.luxist.com/media/feedlogo.gif http://www.luxist.com en-us Copyright 2013 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 8:11AMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 8:13AMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/I am sure that the markup on so many items is huge-I don't dispute that. But after all it is a business and the point is to make a profit. That is how our capitalistic economy runs. No profit = no incentive to run the business. Not to say we should be gouged in any way, simply stating that there should be profits or else the company could not do business. ]]>May 25th 2010 10:37AMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 10:39AMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 12:03PMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 12:11PMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 10:16AMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 10:31AMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 10:44AMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 1:10PMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/May 25th 2010 3:17PMhttp://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/http://www.luxist.com/2010/05/24/1-6-million-mistake-means-no-ice-cream-for-zappos-ceo/
Retail outlets work on 75-80% margin on shoes. They purchase a pair of shoes from a vendor for $20 and sell them for $100. Even if they sold that $100 pair for $40 they would still make $20.

That is what's wrong with American capitalism today. There is not enough competition to drive prices down and too many greedy publicly held corporations that will not even buy a product unless they get 75% margin. It is really sickening.

I won't pay more than $10 for a button down shirt because I know Macy's only paid $7 for it. People think they lose money on 75% off sales. They wouldn't have a 75% off sale if they lost money.]]>May 26th 2010 5:02PM