Word: retail
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Dates: during 1980-1989
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...firm of Paris. Vie de France opened its first outlet in Rockville, Md., in 1972. Turnover limped along at about $4 million annually until 1978, when the company started a major marketing program for croissants. Now the company sells 950,000 a week from its bakeries and from 18 retail stores in 13 cities. Vie de France also markets its goods through independent grocery stores, bakeries and gourmet shops. Revenues this year are expected to be nearly $30 million...
...trends is the price of oil. Nothing did more to propel inflation ever higher during the 1970s than the success of the Organization of Petroleum Exporting Countries in raising the benchmark price of a barrel of crude from $1.80 in 1970 to $34 now. Besides the skyrocketing increases in retail prices of gasoline, the spiral helped drive up everything from apartment rents, which are affected by fuel costs, to the price of food, which is hauled to supermarkets in diesel-burning trucks...
Proposals fall into two main categories: boosting the federal excise tax on retail gasoline sales, now at 4? per gal., and enacting an import surcharge on foreign oil. Increasing retail gasoline prices would surely help to hold down consumption of automotive fuel, but since gasoline is an important component in the Consumer Price Index, the tax would also translate directly into more inflation. Worse, the levy would do little to boost production of domestic crude oil and have no effect at all on discouraging foreign imports...
First to broach the surcharge idea was David Stockman, Director of the Office of Management and Budget, who last December proposed a $2-per-bbl. import surcharge. Though the President rejected the idea, such a tax would add about 5? per gal. to the retail price of gasoline, which has fallen by as much as 200 in some places anyway...
...editors, mostly recent graduates of the University of Chicago, Off the Wall Street Journal will go on sale April 1 with an initial press run of 500,000 copies. The 24-page broadsheet will be distributed by Warner Publisher Services to newsstands in 75 cities and to retail outlets including the 780-store Waldenbooks and 600-store B. Dalton chains...