Word: retail
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Dates: during 1980-1989
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There are now a few signs that people might be willing to lead the way out of the slump. Spending rose sharply at department stores and picked up in automobile showrooms in the spring as falling inflation stretched the buying power of the dollar. Retail business was up a strong 1.5% in May, after increasing .7% in April. Shoppers are spending, in particular on clothing and entertainment-oriented electronics products like video recorders and video games. Says Avery A. Haak, corporate economist for Dayton Hudson Corp. of Minneapolis, the seventh largest U.S. retailer: "I see some evidence that the consumer...
Nonetheless, the question marks hanging over the economy are more numerous than usual. Said Otto Eckstein, chairman of Data Resources, an economics consulting firm: "The test comes in August. We have to watch very, very closely the retail sales of July and August because if they don't go up, then we are in much deeper trouble...
...Japanese have already won plaudits for the design and manufacturing quality of their machines. Says Marian Murphy, a vice president of ComputerLand, the largest retail computer chain, which has 210 stores in the U.S.: "Their hardware is as good as the American hardware." Experts are particularly impressed by the small handheld and portable computers that Japanese firms are producing...
Coming as it does on the heels of Harvard's negotiations and eventual compromise with the homeowners further up Mt. Auburn St. over plans for the University Place office, housing, and retail complex, some said the outcome may be further evidence of a new Harvard willingness to compromise, not fight...
Members of the Boca set mostly earn their money from things visible: real estate, high-tech electronics, retail chains, minerals and oil. They are generally in businesses that can be handled over the phone. Floyd and Bonnie Perkins spend most of their winters at their four-bed room home in Boca Raton. According to Bonnie, Floyd calls his oil-and gas-drilling company in Cambridge, Ohio, periodically and asks, "Are we making any money?" Then he says, "O.K., we'll stay another...