Word: discounts
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...than 100 applications for the jobs, which can reward persuasive salesmen with commissions that exceed $100,000 a year. Such incomes should help keep the former Masters of the Universe snappily attired in everything from tasseled loafers to silk cravats. As an added perk, Bergdorf is offering a 30% discount on merchandise...
...retail industry beset by sluggish sales, Dayton Hudson has been a - star performer. Profits of the Minneapolis-based company, whose 666 stores include Dayton's, Hudson's, Mervyn's and the Target discount chain, rose 43% last year, to a record $410 million. In its boldest expansion yet, the company said last week it would acquire Chicago-based Marshall Field's, a premier retailer, for $1.04 billion from London's B.A.T. Industries. B.A.T., which is battling a takeover attempt by Sir James Goldsmith, will use proceeds from the sale to buy back part of its stock...
Body Shop's 300 products derive mainly from plants and are not tested on animals. They come in simple plastic bottles that can be taken back to any one of its 464 stores, most of them franchises, for a discount on the next purchase. The shops boast distinctive wood decoration, but endangered tropical hardwoods are banned. Store-window displays protest the slaughter of whales and the dumping of wastes in the North Sea, and leaflets urge customers to help save the ozone layer. Roddick insists that her stores use recycled paper for everything from stationery to toilet tissue...
Many have found success and prosperity in their new home. A decade ago, a 1 1/2-mile strip of Bolsa Avenue between Garden Grove and Westminster in Orange County, Calif., was a ragged quilt of vacant lots and small stores, bean fields and discount emporiums. Today the stretch is as alive as payday in a port city -- specifically, Saigon. Between 20,000 and 50,000 Vietnamese flock each weekend to 800 shops and restaurants, buying herbal medicine and dining out on snail-tomato-rice-noodle soup. In the mornings people may attend Buddhist ceremonies in makeshift temples; in the evenings they...
...Institute for International Economics. To prop up the yen, the Bank of Japan first tried intervening in foreign-exchange markets, spending $10 billion, or 17% of the country's currency reserves, to buy yen and dump dollars. Since that proved futile, the central bank last week boosted the key discount rate by a full percentage point, to 5.25%. That is modest enough by U.S. standards, but a huge increase from last May's 2.5% rate...