Word: retailing
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Dates: during 1980-1989
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...trade deficit, for example, can send floods of money rushing out of the stock market in a sell-off. The sheer quantity of statistics available is immense. Nearly every business day the U.S. Government releases one indicator or another, from the Consumer Price Index and capacity utilization to retail sales and housing starts. Too often, however, the overall impact of the numbers is to generate confusion and anxiety. Some of the statistics are subject to repeated revisions. Other gauges fluctuate so wildly from month to month that they seem almost useless. More and more, the art of economic planning appears...
Such dramatic revisions in the GNP, retail sales figures and other important statistics occur with maddening regularity. "The numbers are not bad," says Sidney Jones, professor of public policy at Georgetown University. "They are just premature." But the Government is under pressure from anxious investors and executives to report economic data as soon as possible. Observes Robert Ortner, the Commerce Department's Under Secretary for Economic Affairs: "If you want something quickly, you give up something." In this case, accuracy...
There is one striking exception: Penfolds Grange Hermitage Bin 95, which many critics consider Australia's best. A brambly, mouth-filling red that compares favorably with a Hermitage from France's Rhone Valley, the Grange Hermitage sells for $40 or more retail (when you can find it). It has already become something of a cult favorite -- witness its presence on the wine lists of such prestigious restaurants as New York City's "21" and Antoine's in New Orleans...
...picking a story, the Disnoids go bargain hunting for the rest of the pieces. Suddenly chic, Disney now uses its prestige instead of its poverty as an excuse for eliciting better deals. Says Richard Frank, Katzenberg's No. 2 man: "We have the money, but we won't pay retail." The average Disney film during 1987 cost about $12 million to make, in contrast to Hollywood's $16.5 million average. Fully 22 of the 23 films made and released by the new Disney management have turned a profit, far better than the industry ratio of about...
Cheerleading a staff of go- team- go executives, Eisner has re- animated the company' s fantasy factory with fresh ideas. From movies to theme parks to retail products, Disney is the hottest all- around merrymaker in America. The fare is no longer just for kids: under its Touchstone label, Disney makes movies with a touch of sex and mayhem. See ECONOMY & BUSINESS...