Word: retail
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Dates: during 1980-1989
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Seasoned shoppers and window watchers alike are pounding the pavements this week, taking advantage of a rash of clearance sales sweeping the Harvard Square retail market...
...Many retailers and experts say that the historical roots of Washington's Birthday clearance sales come from outside the retail industry. "In Boston, Washington's Birthday was traditionally a big day for the sale of automobiles dating back previous to the 1950s," says Trumbull Professor of American History Donald H. Fleming...
...Many retailers emphasized that automobile dealerships, the appliance industry and department stores advertise on Washington's Birthday to a greater extent than smaller retail establishments. "Most retail stores used to close for Washington's Birthday up until the 1950s. They initially used sales as a means to attract attention and inform consumers that they were open for business," says Tommi Block, a spokesman for the National Retail Merchandisers Association, an industry wide trade organization composed of 50,000 retailing firms...
...action on the tube. "It's exciting, it's magic. It looks and smells like the next trend in the toy industry," says Thomas Kalinske, president of toymaker Mattel. The interactive playthings are expected to be the hottest draw next week at the annual Toy Fair in Manhattan, where retail-store owners place huge orders for the coming year...
Nordstrom was founded in Seattle in 1901 as a retail shoe store by a Swedish prospector, John Nordstrom, who had struck it rich in the Klondike. Now a publicly traded concern, the firm is still closely controlled by members of the founder's family and propelled by their hands-on style. Says Edward Weller, a senior analyst in the San Francisco office of the Montgomery Securities investment firm: "Nordstrom's movitates people, not just by paying them well but by congratulating them and encouraging them...