Word: retail
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Dates: during 1980-1989
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Meanwhile, Colombia confiscated 33.5 tons of cocaine in the first eight months of this year, an amount worth $7 billion at the retail level and representing nearly a third of estimated U.S. consumption of the drug. Authorities have also burned 1,953 tons of marijuana, arrested 2,648 presumed drug traffickers, closed down 147 cocaine laboratories and grounded 173 planes used to carry drugs...
That will happen only if consumers regain the urge to splurge. The latest Commerce Department figures show that retail sales slipped slightly in October. R.H. Macy, the department-store company, reported last week that its profits fell 27% in the three months ending in October, but said that sales picked up in the first days after Thanksgiving, the traditional start of the all important Christmas shopping season. Several other retail chains, including Dayton-Hudson and K mart, are also reporting brisk holiday business. Concludes Robert Ortner, chief economist of the Commerce Department: "The odds still favor a very good Christmas...
...members of the Toy Manufacturers of America, which accounts for 90% of all the toys sold in the U.S., are expecting retail sales this year of $12.5 billion, up from $10.4 billion in 1983. It will be a "super year by a comfortable margin," says David Leibowitz, a toy-industry analyst for American Securities in New York City. New Jersey-based Toys "R" Us, America's largest seller of playthings (1983 sales: $1.32 billion), expects a sales Increase of about...
...brisk toy and board-game sales were set up, in part, by the decline and fall of the video game. Capricious young people rapidly cooled toward them in the fall of 1983, and retailers were stuck with huge oversupplies. At the same time, stores last Christmas were caught short of such traditional items as dolls, trucks and board games. Video-game retail sales this year are off sharply again, down 56% during the first nine months vs. the same period in 1983. Fueled partly by money that had previously been spent on expensive video games, sales of other kinds...
Today Humana has general hospitals from Geneva to Anchorage. Though Jones, 52, and Cherry, 49, resist the notion that their chain was modeled on the McDonald's restaurant company, the two corporations are based on similar retail philosophies. Humana's guidelines: consistency, quality and high-volume, affordable care...