Word: retail
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Dates: during 1980-1989
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...such credit-sensitive industries as housing and autos, which are the ones that traditionally lead a vigorous recovery. Some economists speculate that this time the business upturn will be sparked by the buying of smaller-ticket items: clothing, furniture, even computer games. They see the 1% rise in retail sales in July as a hopeful sign of increased consumer spending...
Diamonds turned out to be a poor investment, largely because they are hard to sell. Experts commonly disagree about the exact characteristics of a given stone, which means that price quotations can vary widely. Moreover, there is no ready resale market for diamonds. After buying stones at retail, individuals usually find that they can be sold back to jewelers and diamond dealers only at the wholesale price, which is normally 50%-or even less than 50%-of retail. Says William Goldberg, president of the Diamond Dealers Club, the leading U.S. diamond traders association: "Diamonds are like real estate. My home...
...within skateboard distance of the community swimming pool. Says prize-winning Author Robert Cormier (The Chocolate War; I Am the Cheese): "Kids aren't just sitting there watching TV and playing video games." In fact, teen-agers appear to be buying their own books for a change. Retail giants like B. Dalton have expanded Young Adult racks in their shopping-mall stores. Books such as Rock 'n ' Roll Nights, The Divorce Express and Are You in the House Alone?, wrapped up in catchy cover art, are moving faster than Pac-Man manuals...
...been the No. 1 brewery for 25 years. Over the past decade, sales have soared 124%, from 24.3 million bbl. of beer in 1971 to 54.5 million bbl. last year. The firm's Budweiser brand is the largest-selling premium-priced beer in the U.S., with a typical retail price of $2.40 a sixpack, while Michelob, the company's "superpremium" offering, at about $2.90 a sixpack, leads that market segment as well...
...exception in many areas. In the early 1960s the company revolutionized the beef-packing industry with a new process for handling meat known as boxed beef. Cuts of everything from sirloin to stew meat were prepared right at the packinghouse plant and then shipped frozen, ready to cook, to retailers. Previously, all beef packers had shipped whole carcasses out to butchers, who cut the meat down to retail-size portions...