Kmart has the Schwinn Women's 700c Wayfarer Bike for $170 - 10% off with coupon code KMART10PSAVINGS = $153 with free in-store pickup or $90 shipping to home. Features a retro city frame, SRAM grip shifters, linear pull brakes, springed seat, front and rear fenders and a rear luggage rack.
Men's version available for same price. Reviews aren't too good, though. Seems that the rear tire likes to blow for some reason.
That reason would be riding over potholes/etc. Some people don't understand a bike isn't a car.