Word: slumping
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Dates: during 1980-1989
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...popularity of the 501 comes as a welcome boost for Levi Strauss (1984 revenues: $2.5 billion), which suffered through the designer-jean craze and then a general slump in denim sales. Partly with help from Springsteen, the 501 has been riding a fashion U-turn back to the all-American look. Says Steve Yacker, manager of a Gap clothing store in Manhattan: "Designer jeans are out. The 501 has become a fashion statement...
...House at the same time showed a quick jump in the President's overall job-approval rating from the low 60s up to the mid-60s. That was still below his 71% high around the time of his second Inauguration in January, but marked a reversal of a persistent slump. Said Wirthlin: "There is no question that the President is stronger today than he was three weeks ago. Americans view him as having been very much at the center of the crisis...
While the slump has left few firms untouched, none seemed more battered last week than Apple, the company whose founders began by tinkering with a circuit board in a California garage and went on to live a new version of the American dream. Among the problems that now plague the manufacturer are the gradual aging of its mainstay Apple II home computer and the recent failure of its Macintosh model to make much headway in the office market...
...bank's failure added to the financial woes of Hong Kong, which has also suffered from a slump in real estate values and jitters about what will happen when China takes control of the British colony in 1997. On Friday Hong Kong's Legislative Council passed a bill under which the government will take over the bank and reopen it this week. But depositors may not have the same confidence in the bank's motto: "You can trust...
...reorganization is part of Apple's attempt to adapt to a sharp slump in the computer market. The company will now concentrate on selling machines to schools and small businesses. The pinch at Apple has brought changes in its freewheeling style. Sculley recently shut off the free fruit juice and massage treatments supplied to members of the Macintosh division...