Word: retailing
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Dates: during 1990-1999
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...competition has become much more intense in music and books, especially clothing, with all the retail stories in the Square," Murphy said, "and in paper goods with competitors like Staples...
Maybe, maybe not. Those Clinton political counselors promoting a tax cut contend that it may be needed to stimulate consumer buying and keep retail sales and production growing. But the President's economic advisers, by contrast, think business needs no such stimulus. They fear that the loss of revenues from a tax cut not offset by budget cuts or revenue increases elsewhere might cause the deficit to start growing again, forcing up interest rates and harming rather than helping business. Clinton has yet to make up his mind...
...consumer electronics and sneakers. But this year foreign visitors are being lured in near record numbers by the very weak dollar, which has made good deals even better, and by the new efficiency with which American packaged-tour companies move tourists in and out of stores. Rock-bottom retail prices -- anywhere from 30% to 70% less than those in Europe and Asia -- are expected to bring some 47 million visitors to the U.S. this year, compared with 45.8 million last year. They will leave behind an estimated $79 billion, according to the U.S. Travel and Tourism Administration -- up from...
...Retail sales for audio books (which typically cost around $17 for a two- cassette package) reached $1.2 billion in 1993, up 40% from the year before. Titles and celebrity readers are proliferating. Sharon Stone has just been signed to narrate The Scarlet Letter. Gone With the Wind is about to be released on tape for the first time, unabridged on 30 cassettes. "Nine years ago, only 8% of the population had heard a book on tape; now it's close to 25%," says Michael Viner, co-founder of Dove Audio, a nine-year-old Los Angeles company that helped pioneer...
...retail front, the racks of audio books that have sprouted in bookshops are appearing in video and record stores as well. "The biggest problem we faced in growing this business was a lack of consumer awareness," says Jenny Frost, vice president and publisher of Bantam Doubleday Dell Audio. "Now people are finding them in retail outlets, trying them and discovering they think they are great." Inevitably, specialty stores have begun to crop up. Houston's BookTronics is one of the largest to carry nothing but audio -- with 8,000 titles for sale and rent. "We call ourselves the bookstore...