Word: retail
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Dates: during 1980-1989
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...sales level off, many contestants have concluded that the best way to thrive is to buy out some of the competition. For five weeks, Canadian Developer Robert Campeau engaged in a bidding battle with R.H. Macy for Federated Department Stores, a retail giant with 650 outlets, including such prestigious chains as Bloomingdale's, I. Magnin and Bullock's. Federated had tentatively agreed to a deal with Macy, which has 97 stores, but Campeau, who already owns the Allied Stores chain of 286 retail outlets in the U.S., hiked his offer. Tired of being tugged in two directions, Federated set last...
Both Campeau and Macy will now have more muscle to compete in the free-for- all engulfing U.S. retailing. The malling of America in recent years has created a glut of stores, which has been a delight to consumers but a nightmare to the shopkeepers. A study by Sears, Roebuck, the No. 1 U.S. retailer (1987 sales: $28.1 billion), showed that in the past twelve years the amount of store space in regional suburban malls has increased by 95%. During the same period, the population grew by 12.9% and disposable personal income by 40%. Management Horizons, the market-research subsidiary...
Until Paris, went the chat among trade and press, the shows in Milan and London were a cumulative snooze-a-thon. Only Armani, in Italy, showed strength. The designers of England were, as ever, erratic and eccentric. There were signs of disappointment in retail reactions to the shows. Skirmishes over skirt length were blown, in the absence of any heavier action, into epic battles in a generally desperate attempt to bring heat to the placid proceedings. The short-skirt wrangle was a sure sign that the season was falling into something worse than a crisis. At least a critical condition...
...Maria Alves Osorio, a middle-class mother of three who is now alarmed at Medellin's lawlessness. "Our children weren't taking cocaine, so everything was fine." Many residents welcomed the money that drugs brought to the city and the jobs they created, however temporarily, in the construction and retail businesses. The old estates on the surrounding hills of El Poblado were replaced by luxurious red-brick apartment buildings topped with satellite dishes to enable tenants to watch Miami Vice and other U.S. programs. Shopping malls proliferated, and land values soared...
...rebels playing hob with the Israeli army gives the scarves an odd, often ironic resonance when they are worn in the West. Visual continuity suggests a political solidarity that usually comes as a big surprise to the Western wearer. "It's just an accessory," says Kenneth Kaiser, a Boston retail- clothing-store manager. "The ethnic type of look is in right now." "The idea that it's political is ridiculous," says New York City Artist Steven Charny. Comments Mordechai Levy, head of the Jewish Defense Organization in New York City: "Now there are so many, they are just like...