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The word retail comes from the Old French verb retaillier, meaning "to shape by cutting" (c. 1365).It was first recorded as a noun in 1433 with the meaning of "a sale in small quantities" from the Middle French verb retailler meaning "a piece cut off, shred, scrap, paring". [1]
The retail outlets specialised in luxury goods such as fine jewellery, furs, paintings, and furniture designed to appeal to the wealthy elite. Retailers operating out of the Palais complex were among the first in Europe to abandon the system of bartering and adopt fixed prices thereby sparing their clientele the hassle of bartering.
The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
Retail workers are people who are employed by any form of retail store. Typically one of the first jobs people work in, many retail workers are as young as 14. [ 1 ] The jobs of a typical retail worker include processing customers payments, and helping customers around the store, and little training is required.
In economics, consumerism refers to policies that emphasize consumption. It is the consideration that the free choice of consumers should strongly inform the choice by manufacturers of what is produced and how, and therefore influence the economic organization of a society.
The film recounts the innovations that propelled the company’s ascendance in the ‘90s, including A&F Quarterly, a racy catalog/magazine shot by famed fashion photographer Bruce Weber, and ...
A successful company understands the need to reinvent itself every now and then to keep up with competition, market changes, technology and customer interest.
The 1990s economic boom in the United States was a major economic expansion that lasted between 1993 and 2001, coinciding with the economic policies of the Clinton administration. It began following the early 1990s recession during the presidency of George H.W. Bush and ended following the infamous dot-com crash in 2000.