Word: appareled
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Retailing experts trace the company's decline to the construction of the hulking tower. The building was designed to serve as headquarters for an expanding conglomerate of "everything stores." These were intended to offer everything from financial services to apparel (a strategy dubbed "socks 'n' stocks"). By the year 2000, the tower was to be occupied solely by Sears' own corporate branches, in contrast to about 60% of the building's 13,000-worker occupancy now. The view from the 110th floor may have been fine, but the vision was blurred. "The tower might have been one of Sears' greatest...
...eleven Senators did not vote on the measure, it remains uncertain whether the bill's supporters can muster the 67 votes needed in the Senate to override a promised presidential veto. The bill, similar to one that has already passed the House, would cap increases of foreign textile and apparel imports at 1% a year. They have been rising by an average of 16% annually since...
...textile industry, which has lost 55% of its market to imports, has put pressure on Congress to do something. Concern runs highest in the South, where economies depend on the business. In South Carolina, for example, textiles and apparel account for 48% of all manufacturing jobs...
...Reagan Administration argues that the textile industry is already among the most protected in the U.S. The average tariff on textiles and apparel is 18%, nearly three times the rate on other manufactured products. U.S. Trade Representative Clayton Yeutter calculates that the typical American family pays $238 a year more for clothing than it would if the textile business were not protected. Any new round of import relief will raise prices even more...
...some well-heeled visitors. Along the Cardo, a rebuilt Roman boulevard in the Old City, ten of the 18 shops have closed; others have had to slash prices to attract customers. "My sales are off 80% because I sell mainly to Americans," says Eli Heller, manager of a leather- apparel store. Grumbles Ruth Elkayam, a cashier at Tayelet restaurant: "It doesn't pay to open up in the morning. Our business is off by 90%, and instead of 40 workers we have 17." At the new Hyatt Regency, the management closed several floors and dispatched the general manager...