Word: retailing
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Dates: during 1990-1999
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...also basking in a warm glow of goodwill for having created employment. Along with 850 construction spots, the theaters have created roughly 100 permanent jobs in each city. "This isn't a program," says Lawrence Ruisi, president of Sony Retail Entertainment, the New York City-based parent of Sony Theaters, which had long been interested in trying to develop movie theaters in minority areas but lacked the entree. "It's a real business that makes economic sense." But Sony couldn't pull off any deals until Johnson and his business partner, venture capitalist Ken Lombard, now president of Johnson Development...
...America's longest-running monopoly--the $200 billion electricity business, an industry larger than either automobiles or telecommunications. The basics are simple: under deregulation plans taking shape in many states, local utilities must open their lines to any power providers that want to ship juice to the utilities' retail customers. For the first time, consumers and companies will be able to pick their electric suppliers as freely as they now choose their long-distance carriers...
...Angeles outfit has its own aspirations. It recently agreed to sell energy at wholesale to a black church-sponsored organization called Revelation Energy Resources Inc., which will retail the electricity nationwide--and thereby give new meaning to the term black power...
Enron is also running up its own electric bill: the Houston company is paying $3.2 billion to acquire Oregon's Portland General Electric Co. in a deal that will give Enron access to low-cost hydroelectric power, 650,000 customers and an opportunity to go to school on retail operations...
...time ravaged my looks, I predicted to anyone who might listen that entrepreneurs in retail human cloning would emerge quickly enough. And so they did. First in abandoned Indian Ocean oil rigs and Antarctica--and then slowly and discreetly in more traversed parts of the world...