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|Articles - March 2010|
|Friday, February 26, 2010|
Oregon’s affinity for recycling extends further than putting tin cans and scrap paper on the curb once a week. Storeowners throughout the state who offer customers the option of selling their books, CDs or clothes for cash or in-store credit are noticing that the recession has caused the buyback culture to increase dramatically.
“In the last two years, we have seen an increase of people coming to us for extra money,” says Jessica Pelley, the media coordinator for Crossroads Trading Company, a used-clothing store in southeast Portland.
“There’s definitely been more people selling CDs and vinyl, just to help pay the bills,” says Terry Currier, the owner of Portland’s Music Millennium.
Offering only cash, Music Millennium pays between $1 and $10 for a CD, depending on what it is and the quality. The number of customers selling CDs, Currier says, has doubled in the last three years.
Evon White, the owner of Smith Family Books in Eugene, says customers seeking cash for books have increased by 20%. “It’s one source of end-of-the-month cash,” she says. Books sales also have increased.
Powell’s Books in Portland offers cash or 20% more in in-store credit. John Guetschow, director of used books, was expecting a rush of people selling books for cash as the recession began in full force in September 2008. He was surprised to find there was a major increase in customers seeking in-store credit. Guetschow thinks the recession has affected book budgets. “They have to sell books to get books,” Guetschow says. The number of customers taking in-store credit has increased by 20 to 30 people per day.
That isn’t the case in Salem. Beth Kinman has turned away customers from her bookstore Book Habit because she only offers trade. “They’re trying to get money to survive on rather than to get more books.”
Doug Peabody, the owner of Open Book in Bend, says demand increased in the last year by as much as 25%. “I had to get incredibly more selective because I couldn’t afford to keep shelling out cash,” he says.
The increase in people selling their possessions isn’t just about money. White says there is a group of customers purging their book collections partly in reaction to the recession and people’s sudden dislike for credit cards, overspending and materialism. “[They] want fewer belongings as part of their lifestyle,” she says. “Rather than accumulating or collecting, they feel more comfortable with reading it and then moving it out of the house.”
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.