Word: retailing
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Dates: during 1970-1979
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...expected to raise the nation's oil import bill from about $62 billion this year to more than $83 billion, representing a rise in fuel costs of $80 for every American citizen. The increase, said Energy Secretary Charles Duncan, could add from 4? to 8? to the retail price of a gallon of gasoline in the coming weeks, and 3? to 7? to the cost of home heating oil, a major expense for consumers in the import-dependent Northeast. Several of the largest oil companies, including Exxon, Mobil, Chevron and Texaco, last week announced wholesale gasoline price increases...
...gala evening sale crammed with formally clad celebrities, assiduous ballyhoo and greatly increased sale schedules. More recently, Sotheby's pushed its mass-marketing strategy even further by signing an agreement with Tokyo's Seibu Department Stores Ltd., which brings the Western fine arts auction market into retail stores and enables Japanese buyers to place bids for, say, an over-the-counter Constable. When Wilson retires as Sotheby's chairman in February, he will be succeeded by his cousin, the Earl of Westmorland, who is an equally innovative businessman. "I am sure," says Westmorland, "the auction game...
...Conn., President James Morande says that his three-year-old firm is producing at capacity, 480 woodburners a day, at prices that run from $379 to $689, against a demand that exceeds 1,300 a day. Business is up 122% over last year. Morande talks bemusedly of visiting a retail stove store in Portland, Ore., where ten salesmen, gracing 1,000 sq. ft. of floor space, "actually were handing consumers numbers, just like in a delicatessen, to wait in line for a stove." Some economists dismiss such sales as "life-style purchases, made to express social attitudes." Believers go right...
...warm air down to where the people are. Designs range from units with plain wooden blades to brass and even iron-scrollwork extravaganzas that recall the decor of turn-of-the-century ice cream parlors. Top-of-the-line ceiling fans are made by the Hunter Fan Co. retail...
Since Americans use much more oil than anyone else, they need to cut back the most. As the Senate last week approved the outlines of a windfall-profits tax on the oil industry, Jimmy Carter was considering a steep new federal tax on retail gasoline. His economists argue passionately for it, but his political advisers worry about a backlash at the polls in November. Illinois Congressman John Anderson, a dark horse Republican presidential candidate, submitted a bill calling for a tax of 50? per gal., with the revenues to be used to chop Social Security taxes approximately in half. That...