Word: miniboom
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Dates: during 1990-1999
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...much of a win-win situation 150 miles away in the town of Cordova, a tight-knit community on Prince William Sound of some 2,000 fishermen, artists and Eyak natives. "There may be a miniboom in Anchorage, but there is a major bust still going on in Cordova," says Torie Baker, a board member of the Cordova District Fishermen United. This year, for the second spring in a row, the town's 900 fishermen set out for herring and came / up empty; normally they would haul a catch worth somewhere around $10 million. Yes, a smattering of herring...
...moderately priced second collections, known in the trade as bridge lines and costing about half as much as top-of-line labels, still sell. Armani is betting that a whole chain of boutiques -- to be called A/X Armani Exchange -- can capture $60 million in sales next year from this miniboom in cheap chic. A/X units will open in department and specialty stores across the U.S. in March...