Word: dayton
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Dates: during 1980-1989
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...sales are being made, profits are going down. Says Thomas Langenfeld of Minneapolis' Dayton Hudson chain: "Customers are responding mostly to clear-cut value and reductions. A substantial part of our sales is being achieved by cutting prices. Profits are being squeezed." Almost all the large chains are feeling the profits pinch. Industry Analyst Stuart Robbins of Paine Webber Mitchell Hutchins expects second-quarter earnings for twelve of the biggest retailers to decline by an average 25% to 30%. Last week J.C. Penney Co. announced that profits for April through June were down 69%, to a negligible $5 million...
...predawn hours, the families of the hostages were given the stunning news. Eugene and Margaret Lauterbach of Dayton, Ohio, were jolted awake at 2:30 a.m. by a phone call from a State Department official who filled them in on the botched attempt to rescue their son Steven and the other 49 hostages at the U.S. Embassy in Tehran. The Lauterbachs were dumbfounded. Said Eugene: "The last statement from Washington seemed to indicate that the Administration figured on waiting until the middle of May and would then consider a blockade...
...Grinch did not steal the retail Christmas." So says Ted Grindal, a happy executive with the Minneapolis-based Dayton Hudson specialty and department-store chain, speaking about the 14% sales increase his company rang up in December. While not every retailer did that well, most were pleasantly surprised by the big spending they saw this holiday season. The forecasts for December, in which stores commonly do about 20% of their annual trade, were for very slow business as a result of consumer worries about the economy. But now it appears that, overall, sales ran 5% to 10% ahead of last...