Word: retailing
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...Under this one roof you'll find washing machines, silk flowers, furniture, toys, linens, pots, and pans. Smocked and attentive sales staff will assist you in this retail labyrinth with their unique style of service. On the ground floor, ceramic black panthers pose among the branches of silk plants and painted ethnic masks. Beaded curtains ($18) are a fun and funky purchase...
...Segue to Striver's Row and this artfully appointed store carrying women's garments in sizes 2 to 22. Carefully chosen designs retail from $40 to custom wear at $500. A hot pink sequined top by Custo of Barcelona ($88) was only one of the "just right" accessories and fashion. Ask about upcoming shopping tours of Harlem...
...news: According to the Commerce Department, consumer spending rose 0.4 percent in June after a 0.3-percent gain in May. And incomes rose 0.3 percent in June after rising 0.2 percent in May. Both figures were slightly above expectations - and, along with some strong weekly chain-store retail sales numbers reported by the Redbook Retail Sales Average and the Bank of Tokyo-Mitsubishi, were eagerly taken as signs that those tax rebate checks - even though the first $4 billion of them just arrived in mailboxes last week...
...Penney and Toys "R" Us since Mattel re-released them. Demand in the U.S. for replicas of Transformers, among them the upstart Hot Rod ($45) and the diabolical pistol Megatron ($90-$110), has prompted importers to buy them off the shelves in Honshu and sell them to retail stores in U.S. malls. Takara, their maker, will be unleashing more in August, including Transformer F-15 Starscream and ambulance Ratchet. A new line of He-Man replicas is due to arrive in stores in October, and Hasbro is considering a direct U.S. release of Transformer replicas for next year. Who says...
...retail brokerage, where greed rules, the picture is also changing. For most brokers, the era of trading stocks all day is gone. The business today is about acquiring assets, which may involve mortgages, retirement and estate planning, even selling houses. Many brokers still get commissions, but the trend is toward fees based on a percentage of assets. And serving the owners of these assets means working with others in your firm. In May, for example, Merrill Lynch announced it was aiming to have 40% of its 16,000 brokers work in teams to rev up its service to high-income...