Word: retailing
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Dates: during 1990-1999
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...Airways, whose $125 million annual advertising spending earned Saatchi & Saatchi $9 million in profits last year. Other companies reconsidering their advertising deals include the candymaker Mars and the Mirror media group. In announcing that he too was thinking of closing his account, Stanley Kalms, head of the British electronics retail chain Dixons, called the Saatchi affair one of the "worst examples of corporate governance" he had ever seen...
...Tool Man might say, the trouble with drywall sanding is that it makes a terrible mess. Porter-Cable has solved the problem with a new sander whose built-in vacuum device captures the dust as it goes along. It is available at most retail repair outlets for weekend rentals by do-it-yourself home improvers...
Italian magistrates told Silvio Berlusconi he is under investigation for corruption charges, even as the Prime Minister was host to an international conference in Naples on organized crime. Berlusconi allegedly authorized the payment of bribes to tax officials by officers of Fininvest, a $7 billion media-and-retail conglomerate he formerly headed and still owns. The Prime Minister denied the charges and said he would continue his six-month-old administration, but he also offered to sell part of Fininvest, something he had previously refused...
...People knew exactly what they were doing," said Jon B. Hurst, president of the Retailers Association of Massachusetts. "We are in the most critical time of the retail year...
...addition to the Broadway-York St. project, Yale has invested $12.5 million in the $108 million retail and residential project in Ninth Square. That area has been hard hit in the past two years by the closure of Macy's New Haven department store and the now-bankrupt Park Plaza hotel...