Word: retailing
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Monthly industrial production rates rose in May, but the largest monthly retail sales drop was experienced during the same time period . . . Dow Jones industrial average closed at 3,790.41, down 24.42 . . . N.Y.S.E.'s composite index fell 0.96 to 254.14 . . . NASDAQ Stock Market composite index down 1.22 to 734.76 . . . American Stock Exchange down 0.38 to 442.27 . . . Gold rose $2.60 to $386.80 on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.41 percent, up from 7.31 late Tuesday...
...quite! Or at least many unions and union members no longer fit that stereotype. A growing number of organizers are signing up the unaffiliated -- janitors, retail clerks, packinghouse workers -- with a missionary fervor recalling the crusaders of the 1930s. Some long-peaceful unions are launching their first strikes in decades, or finding inventive methods of pressuring employers without striking...
...their strength by blocking the employer mandate in key committees that are struggling to frame legislation on health-care reform. The Finance Committee's ranking Republican, Oregon Senator Bob Packwood, explained that big unionized "industries like autos and steel are significant in four or five states, but restaurants and retail outlets are everywhere...
Other companies are tentatively trodding that ground. MGM plans to open a store in its headquarters in Santa Monica, California, this summer, and MCA- Universal is pondering an expansion of the retail activities that are currently confined to its theme parks in California and Florida. But perhaps all the newcomers should ponder the fate of other studio retail ventures. At the apogee of Bart-mania, a Simpsons store opened in Los Angeles and quickly folded. Jay Ward, producer of Rocky and Bullwinkle, has a tiny store on Hollywood's Sunset Boulevard, but it is no cash cow or money moose...
...when the Diz Biz people first thought about retail stores, the notion was anything but a sure thing. To make it work required a happy confluence of factors: a resurgence of appealing films like The Little Mermaid and Beauty and the Beast from Disney's cartoon unit, the company's revived marketing savvy under Eisner and the rise of the mall culture. "It's become instinctual for us," says Eisner, "that we do something either really, really big or really, really small. With these stores, we wanted to bring the Disney feeling into a mall environment...