Word: retail
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Dates: during 1980-1989
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...interview two weeks ago the First Lady had dismissed as "ridiculous" a rumor that her new Inaugural dresses and accessories would cost as much as $25,000. Checking out that flat disclaimer, Washington Post Fashion Writer Nina Hyde discovered it was true in an unexpected sense: if purchased at retail, the Inaugural wardrobe would cost about $46,000. Hyde carefully pointed out that the First Lady's favorite designers are often just too happy for Nancy to showcase their creations and thus sell to her at a discount. The costumes Nancy was scheduled to wear included a hand-beaded...
...Rainbow 100, the DECMate II and the Professional 350 all became available for approximately 30 to 40 percent off the standard retail values...
...from a chain of brokerage offices into an enormous financial supermarket, complete with insurance, real estate and savings services. As a result, Merrill Lynch was able to breeze past the collapse of the '60s go-go market and, as the deregulation era dawned, to become a serious contender for retail-banking customers. Asked in 1979 to describe the financial institution of the future, Citicorp Chairman Walter Wriston replied without hesitation, "Don Regan already runs it. It's called Merrill Lynch...
...this year grew at the same effervescent pace and exceeded 1 million cases for the first time. With New Year's Eve approaching, France's Moët-Hennessy two weeks ago flew an additional 24,000 bottles of its prestige brand Dom Pérignon (retail price: about $40) to New York City. "Business has always been good, but lately it is exploding," says Gary Heck, chairman of California's F. Korbel & Bros., an industry leader. "Americans are all buying bubbles...
...Christmas shopping season reaches a climax this week, retailers will be totting up more than sales. Gone from their shelves will also be millions of dollars' worth of goods that no one paid for. The total amount of shoplifting this year could go as high as $8 billion. Says Gary Rejebian, spokesman for the Illinois Retail Merchants Association: "Shoplifting causes the greatest losses for a retailer...