Word: retailing
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Dates: during 2000-2009
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...This year, it's looking a little blue. Surveys find that households are planning to spend some $28 less than 2001's $490 average, with only 56 percent planning on matching last year's total and more planning on spending less than spending more. Retail Forward Inc. forecasts a drop of 1.5 percent in the season's sales of apparel, furniture, consumer electronics and other general merchandise over last season's - which doesn't sound too bad until you consider that such sales haven't fallen on a year-to-year basis in 34 years. In what passes for optimism...
...Gasoline prices are down near a dollar a gallon and still getting lower, and besides - everybody and his brother just spent October propping up national retail sales by buying brand-new zero-interest-rate automobiles. To grandmother?s house we go. But drivers take shorter trips than flyers and riders, spend less on hotels and spend more time at rest stops and less at the mall. They go to less exotic places - Club Med is closing 15 locations due to a 20-percent bookings decline since the 11th. And how'd you like to be in the rental-car business...
...Jane Swift was gathering up the tatters of her political career, she became the Grinch that stole the economy. About a month ago, Governor Swift introduced her latest gimmick to rejuvenate the sagging Massachusetts economy: a “tax-free weekend” when the 5 percent state retail tax would be suspended for all items purchased...
...savvy shopper could pick up that $34,000 ring at E.B. Horn without worrying about that pesky little $1,700 retail tax; a penny-pinching mom could buy a $25 Tickle-Me-Elmo and put away that $1.25 savings for a rainy...
...Senate President Thomas F. Birmingham ’72 and House Speaker Thomas M. Finneran, who normally get along like Frosty the Snowman and a tanning bed, are united in their opposition, pointing out that all a tax-free weekend will accomplish is a consolidation of November and December retail activity into one weekend. Dartboard envisions overcrowded stores, fistfights over parking spots and widespread pandemonium. Not to mention the empty malls on the weekend after the tax-free extravaganza...