Word: retailers
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Dates: during 1980-1989
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...Government gave new credence to that view last week, when it reported that U.S. retail sales climbed a meager 0.4% in April, far below the 1%-to-2% gain many economists had expected. The feeble growth would have been weaker but for a jump in car sales that reflected the most generous incentives ever offered by Detroit, including interest-free loans...
...Samoa are much more relaxed," says John Enright, American Samoa's Folk Arts Coordinator. "Over here they're more uptight. There's always a fear that they're losing their traditions, or that they won't get things quite right. I think of this island as a kind of retail store of Samoan traditions, with Western Samoa as the warehouse...
...risk-to-reward ratio of the $25-a-pop blackjack table? They have come at the invitation of their favorite financial- newsletter editors, who are still trying to come back from the 1987 crash and have offered this investment seminar as a subscription-renewal bonus ("A $500 retail value! Act now! Air fare and hotel not included"). They are here because they are eager students of the market, even if temporarily absent from it, and they are determined to figure the whole thing out, or find somebody else who can figure it out for them. The newsletter gurus look...
...depressed earnings were just one sign of Wall Street's myriad woes. Drexel Burnham Lambert, the junk-bond pioneer, said last week it plans to sell its retail brokerage business, which trades for small investors, and concentrate on large institutional clients. That move and cutbacks in other divisions will slash Drexel's payroll of 9,000 employees by about one-third. In a candid statement, Drexel said "adverse publicity" about its legal problems had helped drive it from the retail market. Earlier this month the company settled a Securities and Exchange Commission suit by agreeing to fire its indicted junk...
...hard-currency reserves (around $40 billion, according to Western estimates) to buy consumer goods from the West. But faced with rising discontent, Deputy Minister of Trade Suren Sarukhanov announced last week that the Soviet Union has signed contracts with companies from ten foreign countries to supply products with a retail value of some $2 billion in the hopes of at least temporarily quelling demand. Among the items: 12 million pairs of women's boots, 300 million razor blades, 30 million pairs of panty hose, 10 million cassette tapes, 180,000 tons of soap powder and 10,000 tons of toothpaste...