Word: retailing
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Dates: during 1980-1989
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...jazz tape by Slim Gaillard while entertaining a stream of callers. A casino manager from Reno has flown in with a wholesale price book for sterling flatware; Cosby wants 70 place settings, and he wants a better price than the $98,000 he was quoted retail. He takes a call from a wine merchant about some cases of Chateau Petrus, but tells the man that " '76 isn't a good enough year." An elegantly suited young woman strolls in with a folder of things for him to sign: bills, checks, a customs release...
Some 60 million Americans spend about $50 billion each year shopping by mail- order catalog. Until now, most of these slick advertising circulars were free. Starting later this month, however, consumers will be able to buy the publications at their local news outlets. Catalog Retail of Connecticut will send more than 200 catalogs for goods ranging from Fuller brushes to Tiffany crystal to 76,000 newsstands and other U.S. magazine retailers...
...phenomenon is accelerating so rapidly, says Andrew Kostecka, a Commerce Department analyst, that "franchising will be the leading method of doing business in the 21st century." John Naisbitt, author of the best-selling Megatrends, has estimated that franchising, which now accounts for just over a third of retail sales, will generate $1 trillion annually, or half of all sales, within 20 years...
...front of the Festspielhaus, Mercedes-Benz and BMW luxury sedans steadily disgorge one of the most elegantly dressed summer crowds in Europe, the men in tuxedoes or formal Austrian loden coats, the bejeweled women in couturier fantasies and silk dress dirndls. One favorite local pastime is estimating the retail value of the gems on parade between Hirsch and the Festspielhaus before curtain time...
...stakes are growing larger all the time. In the past two years strong consumer demand has helped push up world emerald prices by almost 30%. A polished, top-grade deep green stone weighing one carat now typically costs $5,000 on the retail market. Colombia exports an estimated $40 million worth of emeralds annually, but that does not account for all the gems that are illegally smuggled out of the country. Both the mining companies and the government lose millions of dollars in revenue because of the unauthorized activities of the guaqueros...