Word: retailing
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Dates: during 1980-1989
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That could be good news for consumers. If crude-oil output remains high and prices stay down, gasoline and heating oil will eventually cost less. But it will take at least two months for the benefits of OPEC's overproduction to trickle down to the retail level...
...scores listing the number of buses on the road, the number in the shop and the percentage of late arrivals (as high as 50%). Virtually every day some routes got no buses at all. To untangle the mess, Houston voters in 1978 approved a special 1% tax on retail sales to help pay for a modern transit system. Since then the city has spent $790 million to upgrade service, adding 789 new buses, 20 park-and-ride lots, 750 sheltered bus stops and five new maintenance shops. Houston now boasts a highly efficient transit system that the American Public Transit...
...price jump came sooner than economists had predicted, primarily because some food-processing companies raised their prices before they started paying more for their raw materials. But many producers have not yet hiked their prices; when they do, further retail increases are likely. The devastation of the durum-wheat crop in North Dakota, for example, is bound to result in heavy markups on pasta. The Agriculture Department maintains that the inflation rate for food this year will stay within its predicted range of 3% to 5%, but that forecast is looking increasingly wishful...
...fine of $6.9 million and to make full restitution to some 100,000 victims, who overpaid at least $13.7 million from 1978 through mid-1985. According to the Government's probe, which was first disclosed in January, Hertz paid wholesale prices for auto repairs but charged customers full retail price without advising them of the markup. In other cases, Hertz prepared phony repair appraisals and charged customers for work that was never done. Hertz says it has fired 20 employees who carried out the scam, including the company's accident-control manager...
Behind the firm's drive to become the world's unrivaled financial heavyweight is Yoshihisa Tabuchi, 56, a forceful and intensely competitive 32- year Nomura veteran, who became its president in 1985. A former salesman and retail-branch manager, Tabuchi believes Nomura's aggressive style of selling and dealmaking can work in any market, no matter what the language or currency. Nomura, after all, has a big advantage over foreign rivals -- and Tabuchi knows it. Says he: "Japan has simply become the world's source of capital...