Word: retailing
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Dates: during 1990-1999
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...adopted by the state legislature, the plan would abolish a cap limiting the number of liquor licenses a chain store may have, thus removing restrictions on the number of retail outlets across the state that are allowed to sell alcohol...
Currently, Massachusetts law limits chain stores like Christie's, 7-Eleven and Lil' Peach to a total of three liquor licenses, meaning that only three retail stores in the chain may sell alcohol. Supermarkets such as Star Market and Stop and Shop are also held to the three-store limit...
...have no desire to become Big Brother," counters Rob Karr of the Illinois Retail Merchants Association. He points out that the law forbids taped conversations from being passed on to third parties and requires employers to gain permission before they eavesdrop. But the Illinois law is unclear whether that means telling employees each time they plan to listen or issuing just a one-time blanket warning. As for bosses who stumble into private conversations, Karr says if a worker is doing personal business on company time, bosses "probably have the right to be listening...
...Lousy retail sales lead to disappointing earnings, which sooner or later lead to lower stock prices, so Grant expects that the owners of stocks will have less to show for their investment than the owners of suits. Wall Street money manager Marty Zweig, a chronic pessimist, sees the current situation more optimistically. He thinks the sluggish economy will keep interest rates low, which in turn will drive stock prices higher, at least for a while...
...weather? (November, too warm to purchase winter apparel; December, too snowy to trek to the mall.) Or were there just too many new stores? Retail-sales growth in December ranked as the worst since the 1990-91 recession. Sales were up only 2% compared with the previous year's figures. In December 1994, sales were 5.4% higher than...