Business & Finance: Buy Only What You Need

In full-page ads last week, Manhattan's Macy's, world's largest department store, asked: "Why are you buying so much, New York? . . . It's the beginning of fear-buying. Since Christmas the people of New York have been buying about 25% more goods in all department stores than they did at this time last year."

All over the U.S., buying was high, though it was ebbing slightly. U.S. department-store sales last week were 31% higher than a year ago, v. 39% the week before. Said Macy's: "Buy nothing out of fear. Buy only what you need or can use. But don't buy one...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!