Word: bonwit
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Dates: during 1980-1989
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Suppose further, in an example that is probably familiar to some members of our immediate community, that a Black, female Harvard student buying a dress in Bonwit Teller is not a credit card forger. Then she probably has the means to spend that kind of money on clothes. What effect do the preceeding Black characters have on proprietors or store clerks or real estate agents who are not Black? These nonstereotypical Blacks are bothersome to whites and others...
...economy's boisterous recovery has put shoppers in the mood to buy the best and the brightest, from $600 home computers to $300 cashmere bathrobes. At Manhattan's Bonwit Teller, customers have already taken home 2,300 pairs of mink earmuffs at $85 each. According to Lien Dang, a Neiman-Marcus sales clerk in Houston, consumers want "something wild, something different, something out of this world...
That makes the outlook doubly grim for retailers. Third-quarter profits for some of them were way down because of the accelerating economic slide. Los Angeles-based Carter Hawley Hale Stores, for example, showed an earnings slump of 35%, and profits at Allied Stores, which owns Bonwit Teller, declined 36%. These and other retailers look to Christmas for 25% of their annual sales and 35%, even 45%, of their yearly earnings...