Word: retailers
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Dates: during 1970-1979
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...York's worst-hit areas was a 14-block stretch of jewelry, clothing, appliance, furniture and other retail stores along Broadway in the Bushwick section of Brooklyn. Reported TIME'S Paul Witteman: "The evidence of looting was numbing. As firemen fought blazes from cherrypickers, the looters went about their business virtually unmolested. Occasionally they would step over to one of the fire trucks and drink water from a running outlet. Some of the more enterprising looters parked rented trucks on the side streets, engines running, and loaded up with couches, refrigerators, TV sets?the durable goods that will sell most...
...more. Because of the blackout, the city lost $4 million in tax revenue and had to pay $5 million in overtime to policemen and firemen. Estimates of business losses?beyond the looting?included up to $15 million in lost brokerage commissions for Wall Street and $20 million for retail stores...
Some A. & P. stores and other supermarkets will knock about 20? a Ib. off retail prices this week. But because of inflation, only those who drink much stronger stuff expect a return of those $1.46-a-lb. levels of two years...
...unspectacular sales, his grill has caught fire. It is one of the fastest-selling outdoor cookers in the country, and Stephen's factory in Arlington Heights, Ill., is humming trying to keep up with demand. Though the Weber Barbeque Kettle costs more than many competing models (the suggested retail price is about $80 for the 22½-m. version), sale's are increasing at 25% to 40% a year; in 1976 they reached more than $20 million. The grills are catching on worldwide; they are hot sellers in Europe, Australia, New Zealand and Japan. One reason for their...
Soft-core booze can be very profitable: a fifth of Cow-at 30 proof barely stronger than wine-can retail for $4. Americans still drink up 2.69 gallons of booze per capita annually and spend more than $30 billion a year on alcohol, but hard-liquor drinking appears to be declining. If yummy highs continue to be the vogue, liquor dealers' shelves should be loaded with creme de strawberry and tutti-frutti vodkas for some time to come...