Word: marketeers
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Dates: during 1970-1979
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Around the bend of the roller coaster, a booth peddled oysters, glasses of chilled Muscadet and posters decrying Brittany's disastrous oil spill of last spring. With a fine Gallic disdain for international worker solidarity, another food kiosk sold sangria and the message: SPAIN IN THE COMMON MARKET. A BAD BLOW FOR FRANCE. Workers hawked dish towels underneath a sign pleading SAVE THE TEXTILE INDUSTRY OF THE VOSGES. Break-the-bottle games featured images of such popular villains as French President Valéry Giscard d'Estaing and West German Chancellor Helmut Schmidt, that advocate of dreaded social...
Most of the new action by card firms is in a long-somnolent field: traveler's checks. American Express has about 65% of the world market, despite recently heating competition. But the check business, argues Visa International President Lee W. Hock, "has changed very little in the past 50 years. It is ripe for innovation...
...York's Citicorp, which already has 20% of the traveler's check market, plans to sell its Citibank checks through Carte Blanche. Citicorp bought Carte Blanche in the early 1960s, but was forced to spin it off when the Justice Department objected on antitrust grounds. A federal judge has approved Citicorp's plan to buy back Carte Blanche, and the trustbusters are not likely to block the reunion. Partly because of rising competition from bank-issued cards, Carte Blanche has fared poorly and could well use Citicorp's muscle...
...look simple, but it is very, very complex, requiring significant economies of scale and control that take years to develop." Yet many industry analysts believe American Express is facing some tough problems: while there is less and less room for it to grow in the lucrative travel-and-entertainment market that it pioneered, it is confronted by rising competition there and in other fields from many companies, notably Citicorp...
...agree with Dr. Freedberg that Herschl Adler's Stewart Feld is competent to evaluate the Peabody collection or the commercial art market for it was none other than ourselves who first suggested that gallery for this purpose alone...