Word: retail
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Dates: during 1980-1989
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...more than a month, meanwhile, Revlon, a star of the cosmetics industry, has been fighting off the advances of Pantry Pride, a Fort Lauderdale-based retail chain whose stores are mostly in the Southeast. Pantry Pride initially offered $47.50 a share and eventually $53, but Revlon Chairman Michel Bergerac landed a $56-a-share bid, for a total of $1.7 billion, from Forstmann Little, a New York investment firm...
Some high-price, high-quality American shoes have carved out foreign markets. In Italy, Timberland shoes (retail price in Rome: $100 a pair) are such a fad that young thugs have taken to attacking people and stripping them of the American-made footwear. Yet the Timberland factory in Newmarket, N.H., failed to meet its production target last year because it could not pay its workers high enough wages...
...spate of economic reports last week tended to support that view. Buoyed by a 7.1% jump in August purchases of U.S.-made cars, retail sales rose a strong 1.9% for the month. Much of the big auto gain reflected the low-cost financing that car- makers used to help clear dealers' lots. The Government also disclosed that industrial production rose a modest .3% in August, after remaining unchanged in July. The small increase showed that imports continue to cut deeply into American factory output...
While a falling dollar could boost U.S. inflation by raising import prices, the economists were confident that any increases will remain mild. They noted that labor costs, which make up some 65% of the retail value of most products, are continuing to rise at a modest pace. Raw material prices are also stable. The Labor Department reported last week that in August the Producer Price Index fell .3%, the sharpest decline in more than two years. Said Greenspan: "Overall, there is just no evidence of any acceleration of inflation...
...lining up for The Cotton Club at last: not at movie theaters this time but at video shops across the country. Since its debut on cassette in April, only four months after opening in theaters across the country, 150,000 copies of The Cotton Club have been sold to retail outlets (which rent and sell them, in turn, to consumers). The movie has spent 16 weeks on Billboard's chart of the top video rentals, four of them in the No. 2 slot...