Word: retailing
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Dates: during 1980-1989
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...authors as David Halberstam, John Kenneth Galbraith and George Gilder for fees of about $60,000. Each book will be initially distributed free to some 150,000 opinion leaders, including executives and politicians, and later sold in bookstores. The advertising income will finance the giveaways and help keep the retail price of the books relatively low, while still ensuring a healthy profit margin for Whittle, which is 50% owned by the Time Inc. Magazine Co., the publisher of TIME...
...scavengers sell their booty to scrap dealers. While new red bricks cost about $450 per 1,000 on the retail market, dealers pay the thieves only $50. Since Detroit tears down 2,000 to 3,000 abandoned buildings a year, police are not terribly concerned about the thefts. The most troubling aspect of this new inner-city crime wave is the motive of most of the culprits: to get enough cash for another hit of crack. "Brick stealing is on the upswing, and it's directly tied to the price of the brick," says Charles H. Smith Jr., president...
...devastating for many small downtowns, since one shopping center can draw customers away from a dozen or more communities. Says Robert Van Hook, executive director of the National Rural Health Association: "Wal-Marts are the last nails in the coffins of a lot of rural Main Streets." Because downtown retail shops are important employers, their decline can be fatal to the rest of the town's economy as well. Another major small-town employer, the local hospital, is disappearing at the rate of more than 40 institutions each year. A principal cause was the 1983 decision by Congress to eliminate...
...identical increases in the Labor Department's Producer Price Index mean that prices one stop short of the retail level are 12.6 percent higher, on an annual rate, than at the start...
...shopping center in Niles, Ill. When the doors at the Sears, Roebuck store finally opened at noon, customers were welcomed with coffee, cake and brightly colored balloons. From Waikiki to Watertown, N.Y., crowds poured into Sears' 823 outlets last week to see firsthand the transformation of America's largest retailer. After closing its stores for 42 hours -- the longest weekday shutdown in the retail chain's 103-year history -- Sears permanently slashed prices by as much as 50% on 50,000 products, or about three-fourths of its inventory...