Word: retailing
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...result, Americans are lacing up 200 million pairs of brand-name athletic shoes a year. Not satisfied to sell only shoes, companies are diversifying into T shirts, sweaters and shorts emblazoned with their names. All told, the market for athletic shoes will reach $9 billion in retail sales this year, up about 15% from 1988. In a grueling race for market share, once sagging Nike is racing back with revenues of $1.7 billion for the fiscal year that ended in May. Analysts estimate that Nike now claims a 26% share of the market for brand-name athletic shoes. Based...
Herscu piled up debts of $1.4 billion building his trans-Pacific empire, then ran into trouble last year. Hooker, Australia's second largest home builder, has been hit by rising interest rates and sagging home sales in Australia, as well as lukewarm retail sales in the U.S. Herscu is now trying to sell off $750 million in assets, from Manhattan to Melbourne. Altman and Bonwit, meanwhile, are hoping to satisfy their creditors in time to sell some fall fashions...
...pushed ahead an additional 30 points last week in volatile trading, despite heavy profit taking in the final hours Friday. The Government announced that wholesale prices in July fell 0.4%, their biggest monthly drop in three years, which signaled that inflation is ebbing. During the same month, retail sales rose 0.9%, a surge that reassured investors that the economy has not stagnated. Before closing at 2683.99 for the week, the closely watched index briefly topped the all-time record of 2722.42 it set on Aug. 25, 1987. That was the heady peak from which the Dow began its steepest slide...
...farmer backlash is bad news for the U.S. and Japan's other trade partners. The L.D.P. will now think long and hard before opening markets any further. In coming months Japan and the U.S. are to start talking about changing Japan's arcane retail-distribution system, which American businessmen perceive as a primary obstacle to getting their goods into Japanese stores. The L.D.P., hardly a speed demon in trade talks, will now be forced to move even more slowly, both to protect itself politically and to accommodate the strengthened voice of the protectionist J.S.P. Hiroshi Nukui of the Socialists' policymaking...
...some extent, however, action belies bravado. Consumer spending, which typically accounts for two-thirds of economic activity and provided most of the oomph for the expansion, is starting to falter. Auto sales have stalled dramatically, contributing to a drop in total retail sales of 0.4% last month and 0.1% in May, the first back-to-back monthly declines since September and October of 1986. Industry is showing the same trend. U.S. factories operated at 83.5% of capacity in June, down from a high of 84.3% in January, a strong indicator that the economy has passed the peak in its current...