Word: retailing
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Dates: during 1980-1989
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...economists acknowledged that consumers have become more subdued since the crash; the Commerce Department reported last week that retail sales in November were up a meager .2% from the previous month. But the forecasters felt confident that other sources of growth besides consumer spending would power the economy in 1988. In particular, the experts were convinced that the falling dollar, by making American products cheaper, will fuel a continuing surge in U.S. exports...
...this day and age, career loyalty, such as that shown by Knox, Sutherland, Cummings and Makris, is rarely found among young people. With the present high-turnover rate of most retail store employees, it is unlikely that fifty years from now, women such as these four will have worked at a department store for such a breadth of time. In the meantime, Sutherland, Cummings and Makris have no plans for retirement...
Analysts have said the agreement, if approved, would lead to an immediate decline in world oil prices of as much as $2 a barrel, translating to a drop of about 5 cents a gallon in retail prices of gasoline and heating oil in the United States...
Consumers may at last be ready to start curbing their spending. When the Christmas shopping season went into full swing last week, retail sales were lackluster despite boisterous promotion and discounting. At many stores the growth of revenues is not even keeping pace with 1987's inflation rate of about 5%. Sears reported last week that its November receipts rose only .7% over the same month in 1986, while J.C. Penney showed 4.3% growth. "People are looking more than they are buying. There is a level of concern and nervousness that wasn't there last year," said Mark Shulman, president...
...national sales tax, which would work like state levies. Another model is the value-added tax used in many European countries. The VAT is paid at every point in the production and distribution chain where a product's value has been enhanced. Consumers would pay their share at the retail level. But as sensible as those or other consumption taxes may sound, they are too dicey politically to have much of a chance in Congress...