Word: retail
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Dates: during 1980-1989
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...jewelers have been stung. The replacement cost of their inventories has risen dramatically, but not many shoppers have been willing to buy at the new prices. Because carriage trade customers continue to splurge, Cartier, Tiffany and other top-line stores are not suffering, but the rest of the retail business has fallen off badly. Laments Terry Weinshank, vice president of Delage Jewelers, a supplier to 500 stores throughout the Midwest: "The retail jewelry business is dying right before our eyes. In the last couple of weeks we have seen six of our customers close up, and more will follow...
...Harvard Cooperative Society has decided to cross the Charles once more, and will open a new retail store in downtown Boston this fall for the approximately 25,000 Harvard alumni who live and work in the Boston area...
...Hemisphere are owned by Stanford Blum, president of Image Factory Sports, Inc., in Los Angeles. He has sold licenses to 58 companies to market Olympic trinkets, ranging from stuffed Misha bears (the official symbol of the Games) to pajamas and key chains. Because of the possible U.S. boycott, many retail stores have stopped ordering the souvenirs, and production has halted on some items. For example, US Americans, a firm based in Los Angeles, is stuck with an order of 15.5 million plain drinking glasses; until the boycott issue is resolved, the company does not dare follow through on plans...
...gasoline? Hogwash. What we need is a $1-per-gal. tax, applied at the retail level only, with the resulting revenues directed exclusively toward development of mass transit and new energy sources...
That policy could be risky. Rising metals prices feed inflation by pushing up costs for a range of products and processes. Last week, for example, Kodak (1978 sales: $7.1 billion) announced a 7.5% jump in its retail film prices to help offset the rise in the cost of silver, which could add nearly $1.5 billion to the company's overhead this year. The largest users of industrial silver are hospitals, which require vast quantities for X-ray film. When the prices go up, hospital costs rise, insurance premiums climb, and federal Medicare and Medicaid outlays, already among the biggest...