Word: retailer
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Dates: during 1990-1999
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...intention to expand Europe-wide but is taking its time. The bank last year bought a 13% share in Nuovo Banco Ambrosiano of Italy and is said to be scouting elsewhere. Other French banks are more hesitant. Both Credit Commercial and venerable Societe Generale have decided not to extend retail- banking networks outside their home territory. "The practice of offering universal banking services seems to us to be limited to the national territory," says Societe Generale chairman Marc Vienot. Abroad, "we plan to find niches." One example: Societe Generale's recent purchase of the investment-management firm Touche Remnat...
...hint of lower interest rates helped ease fears that the 7 1/2-year-old economic expansion, which has slowed to an anemic annual rate of less than 2%, might groan to a halt. The government offered further reassurance last week when it reported that retail sales rose a healthy 0.5% in June, after falling for three straight months. At the same time, the Producer Price Index, which measures the wholesale cost of goods, rose just 0.2% in June, indicating that inflation is under control...
...inflation and unemployment. They are also concerned that they may prove to be easy pickings for predatory Westerners, or Wessis in G.D.R. parlance. Certainly, the Wessis are coming. Hotels are packed with Western businessmen eager to cut deals, whether the object of desire is a state-owned company, retail floor space, or a summer home on the Baltic...
...shifting into high gear. Next year the Turin-based company will start building the first of 1.5 million Micro subcompacts in a ten-year venture with FSM, one of Poland's major car companies. To help recoup its investment, Fiat plans to export one-third of the Micros (estimated retail price: $6,000) to Western Europe...
Dick Tracy's famed wrist radio may be making its way to retail stores. Last week the Japanese watchmaker Seiko introduced a digital timepiece that can display long-distance messages received over FM radio waves. Like conventional beepers, the $275 Receptor MessageWatch can signal its wearer to call the office, phone home or dial a specific number displayed on the face. Messages are relayed in about one minute through a system of phone networks, FM transmitters and a miniature receiver inside the watchband...