Word: retailing
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Dates: during 1980-1989
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...Florida and the Administration signaled its determination to unseat the strongman. Noriega remains firmly in control, despite opposition strikes, U.S. economic sanctions, and the dispatch of 1,300 additional U.S. troops to Panama. The economic noose intended to yank Noriega from power is instead choking Panama's banking, construction, retail and tourism industries. Says a young businessman in Panama City: "Noriega has made fools of the Americans, and we are the ones who have suffered...
...Disney as a dusty institution, though, Eisner and company have reanimated its fantasy factory with their own ideas. Such characters as Mickey, Donald and Pluto are now being joined by the likes of Roger Rabbit, Webbigail VanderQuack and Georgette the poodle. From movies to theme parks to television to retail products, Disney is the hottest all-around entertainment maker in America. And maybe beyond: the most popular children's TV program in China, seen by nearly 200 million viewers each Sunday evening, is the 1 1/2-year-old Mickey and Donald Show...
Most disturbing is that the Northeast outbreaks, affecting 2,119 people and killing eleven of them, struck despite precautions taken specifically to keep the bacteria at bay. Because chickens frequently harbor salmonella in their intestines and contaminate eggshells with their droppings, cracked eggs cannot be sold to retail markets. To pass state and federal inspections, intact ones must be washed with disinfectant before they are shipped. Nonetheless, all the food-poisoning cases blamed on eggs were traced to the grade-A variety, which had been washed and inspected for cracks. This finding has led researchers to suggest that the bacteria...
Traditional department stores, in particular, are beset by big discounters like K mart on one side and specialty retailers on the other. Such large chains as the Limited clothing boutiques, Radio Shack electronics stores and Toys 'R' Us have all stolen substantial sales from department stores. At the same time, quality catalog retailers, including Land's End, the Sharper Image and Eddie Bauer, have captured a growing share of retail sales by catering to two-income couples with more money than time to spare. Foreign retailers have also entered the fray in a big way. Since 1980, for example, Benetton...
...going big-time, Montgomery Ward was taking a tumble. Bought by Mobil for $1 billion in 1976, Ward saddled the oil company with losses that exceeded $100 million a year in the early 1980s. From 1983 to 1987 Ward fell from No. 6 to No. 12 in the retail rankings as its sales declined 30%, to $4.6 billion. But in 1985 Mobil brought in Bernard Brennan to turn things around. Brennan slimmed down the company, selling its catalog operation and a troubled discount division. He transformed many of the remaining stores, filling them with attractive specialty departments. When Ward returned...