Word: 1980s
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Dates: during 1990-1999
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Such defections have hacked away at Nordstrom's bottom line. The company's profits, which rose in double digits through most of the 1980s, have fallen for two straight years--tumbling 18.6% in 1995 and an additional 10.7% last year. The recent fourth quarter, which included the all-important holiday season, was particularly gloomy for Nordstrom, as sales dipped 1.3% at company stores that had been open 14 months or longer...
...lance journalist, recently browsed the aisles of a Nordstrom store in Woodland Hills, California, shopping for clothes for her three-year-old son. She walked out with two $20 T shirts and a sense of disappointment. "I remember being very excited when Nordstrom came to Southern California in the 1980s, and I shopped there exclusively," she recalls. "Now, when I think of Nordstrom, I picture brown and drab...
...trying to attract choosy new ones by paying more attention to refreshing its fashions. Pete Nordstrom argues that last year's shifts in placement have made it possible for the company to respond more swiftly to the latest trends. And he takes comfort from what happened in the early 1980s, when Nordstrom shook up customers by bringing in Liz Claiborne lines and moving other brands around. Although disruptive at the time, those moves helped set the stage for years of robust profit growth...
...industrial age to the technology-and-information age, the nature of industry has changed radically. In 1959, for example, manufacturing accounted for 28% of gross domestic product, vs. 17% today. Meanwhile, health care has grown from 3% to 11%, and financial services from 14% to 18%. Since the 1980s the Dow keepers have been scrambling to reflect such developments. So in the '80s American Express and McDonald's were added to the Dow as the likes of Johns-Manville and Owens-Illinois vanished. The early '90s saw Disney and J.P. Morgan added, while Navistar and USX got the boot. With...
...fact, for Reagan, as for all other victims of this degenerative brain disorder, the good days gradually diminish and the bad just get worse. And as with other victims, it's not easy to pinpoint the onset of Reagan's disease. Because he occasionally fumbled details in the 1980s, some speculated that the symptoms started to appear while he was still President. But he had been prone to odd gaffes for decades...