Word: retail
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Dates: during 1980-1989
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...these people inching toward work or back from it spend more of their income on retail goods than people do in any other city. This city is ranked 97th in what Sales & Marketing Management magazine calls median household after-tax "effective buying income" ($23,655), yet it is first in retail sales. New Yorkers spend 37% of their effective buying income on retail goods; Angelenos spend 48%. In 1982, in Beverly Hills, where the figure has to be skewed by out-of-town buyers, $143 million was spent on clothing, $72 million on cars, $96 million on general merchandise...
Currently on the firm's drawing boards or under construction are a courthouse for Bade County, in suburban Miami; a $150 million office-hotel-retail center in downtown Miami; a bank in Peru; a shopping center near Dallas; high-rise buildings for San Antonio and Manhattan; and several town-house clusters in Houston. One completed ten-unit group of the Houston town houses looks, characteristically, like something put together by a gifted child with an oversize Lego toy set: white triangular roofs, extruding yellow strips and even more extruding blue boxes. The houses are designed to provide young urban...
...With a retail price of $4.99 a sixpack, Anchor Steam is not exactly a poor man's tipple. That should make the convention freebies taste all the better. Says Maytag: "When the beer is free, it usually sells fairly well...
There is also Victory, the Jacksons' spanking-new album, a stereophonic silver lining in search of and, indeed, in need of, a few stray clouds. Earnest, upbeat and insistently optimistic, Victory was shipped out by Epic Records in almost unprecedented numbers (2 million copies hit American record retail outlets last week). The first single, State of Shock, a politely raunchy dance number in which Michael can be heard ducting with Jackson-for-aday Mick Jagger, is doing nicely. But this is very much an album in need of what the record business calls tour support. The most interesting song...
Branson is new to the airline business. A school dropout at 15, he started by selling advertising from a phone booth for his own youth-market magazine, Student. Today his bustling $200 million empire includes pop and rock records, videos, discos, film production and retail music outlets...