Word: buyer
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Dates: during 1980-1989
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...Coop yesterday sold approximately 400 copies of Irving's latest work, which has recently been the store's most popular book, selling more than 20 copies per day, George Stephens, the Coop's trade book buyer, said yesterday...
...question is how to achieve legitimate goals at the lowest possible cost. Regulations cost a lot, and these costs are passed on to the consumer." Consumer activists, however, feel that the Administration, in its letting-go zeal, is jettisoning important regulations that are the only way to protect the buyer in the marketplace, the worker on the job and the citizen at home. Says Dr. Sidney Wolfe, executive director of the consumer lobbying group Public Citizen: "They want to take us back to the 19th century and let business regulate itself...
...existing homes, which rose by 6% in June to an annual rate of 2.6 million. The increase, though, reflected the vagaries of home financing rather than any strength in housing. With interest rates high and banks short of money to lend, the owner often has to offer the buyer a mortgage, if he hopes to sell. That has helped the turnover of older houses. Nonetheless, this part of the market is still 35% lower than its November 1978 peak of 4 million on an annual basis...
...Creative financing," which was pioneered in California, has doubtless led to some of the problems. This type of loan legerdemain encourages the use of medium-term borrowing and schemes such as variable rate mortgages and shared appreciation between the bank and the buyer. But creative financing has become necessary for many would-be homeowners, contends Willard Sprague, an economist at San Francisco's Wells Fargo Bank. Says he: "Only about 10% of California households can afford to buy the median-priced home [$105,800 in California] with conventional financing...
...moved more than 250 bronze leather T shirts at $150 each and has a lengthy waiting list of customers for the next shipment. At Joseph Magnin in Los Angeles, customers snapped up 60 pairs of $57 Martini Osvaldo metallic sandals in a single day. Says Magnin Buyer Laura Rosenthal: "I've never seen anything come close to that record-not even when go-go boots were in." At Saks in Chicago, the gold rush has been similarly frantic. Says General Manager Marvin Cooper: "We haven't pulled the metallics together in one department yet, because...