Word: shoppers
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...sheer size of the budget gap is al most beyond comprehension. In its weekly newspaper, the American Bankers Association tried to put a $180 billion deficit into perspective by calculating that in order to spend a billion dollars, a shopper would have...
...early 1970s, Sears decided to compete with the specialty stores then springing up around its suburban shopping malls. But a former Bloomingdale's fashion director who was hired to move the company into high-fashion merchandise succeeded only in turning off Sears' traditional value-oriented shopper. In the mid-'70s, Sears tried to go up against fast-growing discounters like K mart. When prices were slashed, customers came back but profits did not. Then the recession hit. By 1981, earnings at Sears stores had slid 45% from levels of only five years earlier...
Loehmann's, one of the first bargain retailers and lately one of the fastest growing, does not have customers; it has addicts. Says one shopper, a woman who works for a New York advertising agency: "When I miss a week, I feel as though I've missed out on something. My stomach gets tight and I feel sick." Lauren Bacall, in her autobiography, By Myself, cites Loehmann's nine times...
...Shopper Reaction...
...years, plentiful harvests have been the grocery shopper's best friend. Thanks to the rich yield of American farms, food prices have risen more slowly than inflation since 1979. But last week the Government disclosed that the combination of bad weather and a controversial farm-subsidy program may augur steeper increases ahead. Based on an Aug. 1 survey, the Department of Agriculture estimated that the 1983 corn crop will be only 5.24 billion bu. That output would be 38% below last year's record level and would represent the smallest harvest since...