Word: buying
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Dates: during 1970-1979
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...April the Olympia Brewing Co. made the mistake of launching a new brand called Buckhorn Saloon: it had to destroy 1,751 cases and ship another 4,000 to other states. In Utah, restaurants can only provide setups. A customer can either bring his own bottle or he can buy his liquor from a state-licensed bar at the establishment; the law says the customer must walk up to the bar himself and buy his booze in bottles with unbroken seals, which usually means he walks back to his companions juggling an armload of miniatures...
Just before last Christmas, a racing-car driver entered the museum-like sanctum of Tiffany & Co. in Manhattan to buy a diamond ring for himself. A clerk told him that such a purchase would be "vulgar" for a man. The driver argued: "I'm a customer, and your job is to give me what I want." Sniffed the clerk: "What you want is your business. What we sell is our business...
Tiffany sales, which hit $60 million last year, are up a further 27% this year, and much bigger Avon, with a near million-member sales force, has been growing almost as rapidly. In part because more women are working, and they have both the need and the cash to buy plenty of cosmetics, sales this year are running 23% over last year's record $1.6 billion. Costume jewelry has become Avon's fastest-growing line, from nothing in 1970 to $260 million last year. Avon does not intend to abuse the Tiffany name in flogging its own cheaper wares. Says...
Quietly, a host of U.S. companies ?General Motors, Ford, IBM, Genesco, among others?have been negotiating to sell goods to China or set up plants there. But some of the biggest hopes are for Yankee traders to buy oil for the lamps of America. Last week, in a move that seems to signal a new economic pragmatism by Peking's post-Mao leaders, Coastal States Gas Corp. became the first U.S. company ever to buy oil from the People's Republic. The Texas firm signed a deal to bring 3.6 million bbl. of crude into California, beginning early next...
...sale would bring, and the terms of the Coastal States deal were made more attractive than the previous contracts offered to the other companies. The price is believed to be far enough below OPEC levels to offset higher shipping costs. In addition, Coastal States was given a chance to buy some of China's limited production of low-sulfur, higher-quality crude, which not only is in short supply around the world but also is especially attractive in the environmentally strict California market...