Word: retailers
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Dates: during 1970-1979
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...University drugstore is able to obtain drugs at lower prices than retail stores because it operates as part of UHS, which has the same status as a hospital. Independent pharmacies and chain stores must obtain their drugs from a wholesaler...
...brews and blends will have some time to prove themselves on the market. Retail coffee prices have risen nearly 170% since a devastating freeze struck Brazil in 1975; cold winds blew through the country again last week, possibly damaging next year's crop and threatening supplies. Though there have been some signs of a softening in coffee prices, most experts now believe it will be several years before the cost of a pound of ground roast will sink back to even...
...members of OPEC receive only 35 per cent of the retail price of oil, Jaideh said, adding the difference is made up primarily of import taxes...
Since the price of coffee began percolating out of control ($1.25 to $4-plus per retail pound in 22 months) some of the nation's favorite brew has become really hot. According to an FBI spokesman, "hijackers like to keep up with the times; our biggest headache now is coffee." The FBI knows of 15 hijackings, in which the total take was $1,728,000 worth of beans. All this black (or, if you prefer, cream and sugar) market activity occurred in the Port of New York, which handles nearly half the 2.6 billion pounds of beans...
Overall, first-quarter profits should be up 16% over last year's period (see chart), paced mainly by brisk retail sales generally and strong auto sales in particular. The Big Three automakers will report first-quarter earnings this week, and they are expected to be good. For the year, profits should be up 20%, according to some projections. That is not as good as the 30% or so for 1976-but then nobody expected those gains to continue; last year's profits were rebounding from recession. The present level of profits still leaves many U.S. corporations awash...