Word: weinshank
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Dates: during 1980-1989
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...their inventories has risen dramatically, but not many shoppers have been willing to buy at the new prices. Because carriage trade customers continue to splurge, Cartier, Tiffany and other top-line stores are not suffering, but the rest of the retail business has fallen off badly. Laments Terry Weinshank, vice president of Delage Jewelers, a supplier to 500 stores throughout the Midwest: "The retail jewelry business is dying right before our eyes. In the last couple of weeks we have seen six of our customers close up, and more will follow...
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