Word: discount
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Dates: during 1980-1989
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Much of their gains have come at the expense of traditional department stores. Now those merchants are mounting a counterattack. After seeing their customer base eroded mostly by discount stores in the 1960s and then by specialty shops in the 1970s, they are reworking merchandising strategies. Many are shedding stodgy departments, strengthening customer service and sharpening price competition. A few are using more aggressive tactics. As a result, disputes between off-price and full-service retailers are increasingly winding up in lawsuits...
...price stores fit into a gray area between discounters and full-service stores that sell goods at a more or less full markup. Discount stores pay wholesale prices to suppliers but cut costs on their overhead so they can sell below retail. Off-price stores, on the other hand, often buy below wholesale. They load up on manufacturers' overruns and end-of-season goods, and often get special deals for buying in large quantities. Unlike discounters, many specialize in designer labels that have proven consumer appeal...
...strikebound airline kept its flights about two-thirds full by offering $75 one-way rates between any two nonstop points that it serves. Furthermore, it announced an extension of the discount fares, which few other carriers have sought to match, until Oct. 22. Said Gladys Henn, 68, before boarding a Cleveland-bound Continental jet in Houston: "If the pilot is flying this thing, he's got his life in his hands too. I have to feel safe, or I wouldn...
...them a second-rate world power." Buick will put out a limited line of 10,000 Centuries called the Olympia-and charge $406 extra. All the backers expect to benefit on the bottom line from the Games' luster and class. "We don't plan on having a discount Olympic Slurpee," says a Southland 7-Eleven official. "This man Ueberroth and his team," observes an executive at Converse, "are going to make money for the city of Los Angeles, for the Olympics, for just about everybody else, including the sponsors...
Wordsworth, which has been on Brattle St for seven years, will reopen today. The store will sell partially damaged books at a discount after its losses have been totaled...