Word: retailing
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Dates: during 1990-1999
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Computers are getting so cheap, sellers are practically giving them away. Last week online retailer OnSale onsale.com began hawking computers at wholesale prices, featuring a Compaq Presario with a 333-MHz Cyrix chip, for example, for just $560 (monitor sold separately). Earlier this month, Packard Bell NEC unveiled a $500 machine powered by a 300-MHz chip. Once a novelty used by upstart vendors trying to get the edge on market leaders, inexpensive PCs are becoming the norm, with average retail prices hovering around...
...Asia president, Philip Murphy, indicates a major target will be consumer goods, which many others also consider an attractive field for U.S. investment. One reason is that some Asian companies are reorganizing their countries' chaotic distribution systems, replacing mom-and-pop stores with modern networks of warehouses and big retail outlets, but need outside cash to finish...
...economy." Rising consumer spending has kept the other 80% growing, thanks in her opinion largely to the "wealth effect"--that is, the tendency of rising stock prices to make people feel richer and able to spend freely, even if many of their gains remain on paper. Reaser notes that retail sales rose strongly early in 1998 along with the booming market, faltered in late summer as stock prices dived but have come back with the October-November rebound in share prices...
According to popular myth, high retail prices in Harvard Square are a pitfall of Harvard life, but like most myths, it's a mix of fact and fiction...
...most large banks and brokerages in the western hemisphere have moved into some form of private banking, with Citibank using its peerless retail network to develop business among local elites around the world. Most of the private-banking departments offer trusts and accounts in Switzerland, the Caymans and other havens with tight bank-secrecy laws. (An ad for Citibank's Monaco private bank touts its "trust companies and private investment companies in the U.S., Bahamas, Cayman Islands, Jersey or Switzerland" that "can give the client confidence that their assets are held...in a way that is both tax-efficient...