Word: profitable
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Dates: during 1990-1990
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...bother us that Blooming-dales has such a package? If Blooming-dales really wanted to make a patriotic contribution to the men and women at the front, it could have used its resources to send any gifts (children's letters, bibles, souvenirs from home), not just $60, high profit-margin ones, to Saudi Arabia. "Operation Desert Shield from Home" is, in all honesty, callous...
...wholesale prices have risen across the nation. But it is not clear whether the increases reflect actual supply shortages or price gouging by traffickers playing on consumer fears. Los Angeles defense attorney David Kenner, who represents many alleged traffickers, maintains that "all the interdiction efforts do is keep profit margins high for the cartels." Robert Bonner, head of the DEA, warns against complacency: "There have been some rays of hope, but I'm not sure we are at the end of the beginning. I think we are still at the beginning...
...knock your socks off. For $500 a bottle, oenophiles who purchase the world-famous Chardonnay expect to enjoy one of the world's great wines. Now it seems that some of them would have been better off with a bottle of Chateau Toledo. Attracted by the bouquet of easy profit, wine counterfeiters have produced bogus bottles of DRC Montrachet, which have turned up in California and as far away as Tokyo...
...same time, though, merchants are protecting their perilously thin profit margins by cutting expenses, especially inventory costs. Macy's, which was swept up in the price-cutting panic among big stores last Christmas when it found itself more than 10% overstocked, is carrying about $640 million less inventory this year. Orders of U.S.-made apparel are down 8% industry-wide this season, while in Hong Kong clothing manufacturers report a flurry of canceled and curtailed orders from big U.S. stores...
...PROFITEERING. While state-run stores are empty, the country's free farmers' markets offer an abundance of everything from mandarin oranges and pickled garlic to sunflower oil. Prices, though, are staggering. The average annual income of Soviets is only 250 rubles, and so few can afford the luxury of tomatoes at 10 rubles for about two pounds, or beef at 30 rubles a cut. Peasants gripe that free markets in Moscow are under the control of black- marketeering middlemen from the Caucasian republics who are deliberately limiting supplies to keep prices high. Managers of state-run shops also hold back...