Word: retail
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Dates: during 1980-1989
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...understand your indignation over banks' earning money by charging for services. In the retail business we call that making a profit...
...growth to an annual rate of just 1.9%, noted the absence of such traditional preslump signals as climbing inflation and badly shaken consumer confidence. On the contrary, prices continue to hold steady and shoppers have been in a fairly good mood. The Commerce Department reported last week that November retail sales were up 1.8%. That early Christmas-season gain, the healthiest monthly increase since April, helped allay retailers' fears that holiday buying would be weak. Other key indicators showed that November industrial production grew .4%, the first gain in three months, while stocks of unsold goods remain lean...
...Administration's attempts to get everyone into lockstep also extend to the Federal Reserve Board. Regan last week blamed Chairman Paul Volcker's tight-money policy for slower economic growth. Though retail sales appear strong, Regan lashed out at the Fed for preventing a year-end shopping boom. "This is not a great Christmas," contended Regan, "and the reason is that people just aren't spending because the credit terms are so high." Regan said that a study was under way about how to get the independent Fed under some form of Administration control...
Choosing a VCR can be a daunting venture. Currently, retail electronics shelves teem with some 40 different brand names affixed to about 150 models. Innovations seem to happen overnight, and a wide array of options is available, from remote-control devices to one-touch recording buttons. Prices start at a bargain-basement $240 for the older, simpler models and go as high as $1,500 for the newer, more elaborate ones...
Sales, which had dwindled to a few thousand a month by July, started doubling and then tripling each month, according to Future Computing, a Dallas-based research firm. An estimated 90,000 computers were sold in November. Retail sales could reach 280,000 this year, a far cry from the 500,000 to 1 million predicted just a year ago but a respectable showing nonetheless...