Word: retail
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Dates: during 1990-1999
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With the recession hanging on like a pall, many of the nation's big retail outlets are beginning to resemble mausoleums. Merchandise sales are dismally flat this year. Still, not every store is an echo chamber. A few novel retailing ideas have captured the attention of otherwise moribund buyers. The success of some may signal that shopping preferences and rituals are changing, while others may be nothing more than passing fads. As the great philosopher Confucius -- yes, Confucius! -- once said, "To open a shop is easy; to keep it open is an art." Here are three works of modern retailing...
...Buys massive quantities of its own books from retail stores to propel the titles onto best-seller lists...
...Peterzell company, from which Harvard purchased the alarms, is selling them at less than the retail cost, Towne said. Harvard is selling the alarms at cost, Rhew said...
...become available in the next few years. Some $50 billion worth of properties are on the block in just Latin America and Eastern Europe, and businesses worth hundreds of billions of dollars will be sold worldwide over the next several years. The offerings include huge ! industrial conglomerates and small retail chains, banks and restaurants, oil fields, utilities and hotels...
...Havel government in Czechoslovakia has begun auctioning off thousands of small businesses and retail shops. The initial round of bidding was limited to Czechoslovak citizens, who must pay only a $1.75 entrance fee to qualify for the auction. A later round of bidding will be open to foreigners...