Word: stagnant
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...systems are the stars of a home- electronics industry that is suffering through an otherwise trying year. Sales of home computers, the hot item two years ago, have fallen sharply. Conventional turntables have also been moving at a stagnant rate. Manufacturers of audio gear hope that the popularity of CD players will create a resurgence of demand for amplifiers and speakers. Says Tadahiko Nakaoki, a product planner for Japan's Pioneer brand: "Everybody in this business must be relieved deep down in their hearts...
...company, known affectionately to its customers as Monkey Ward, grew rapidly at first, but then became stagnant. From 1941 to 1957, it did not open a single new store, while Sears moved aggressively into the booming suburbs of postwar America. When recession and high interest rates rocked retailing in the 1970s, Montgomery Ward could no longer hang on alone. After Mobil took it over, the retailer earned $105 million in 1978, but it soon slipped into the red again. The company was too big, too mismanaged, too out of tune with what consumers wanted. In 1981 Stephen Pistner, president...
...three cardmakers battle among themselves, they also keep an eye on about 300 smaller manufacturers, which are often daring and inventive. Says Hallmark Chairman Donald Hall: "Industries that aren't competitive get stagnant after a while. Ours is very competitive, and the fever of creativity is at a high point...
Iran, whose major condition for peace has been Saddam Hussein's ouster, is also feeling the pinch of the stagnant conflict. In an effort to placate the populace, which is becoming increasingly unhappy with stringent wartime economic conditions, the Supreme Judicial Council two weeks ago designated special courts to try corrupt government officials and businessmen. Seventeen offenders are already on trial, with scores more expected to follow...
AUSTRALIA. In 1982 and early 1983 the Australian economy was virtually stagnant. But in the twelve-month period ending last June, production suddenly spurted by 10%, its best performance in 25 years. About a quarter-million jobs were created, and unemployment fell from 10% to 8.8%. Said Peter Drysdale, executive director of the Australia-Japan Research Center at the Australian National University in Canberra: "Australia is moving from a spectacular recovery into a period of solid and sustained growth...