Jetro enjoys a near monopoly in supplying wholesale goods to small stores and restaurants in the New York City area.
The bulk of his current fortune comes from Jetro Holdings, which operates Jetro Cash and Carry stores and Restaurant Depots in the New York City area -- supplying wholesale goods to bodegas, small stores and restaurants.
The discrepancy is partly because China's retail-sales figures include some things they should not (such as government purchases and sales of chemicals and other wholesale goods), and miss out other things (like health care and other services), that are a big part of consumer spending.
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We met Jose and Maria Pereira of Sunshine Meats in Milperra, who worked for years to make their wholesale small goods meat business the success it is today, and tasted one of their bestselling products -- a chorizo that Jose perfected as a young man living in Portugal.
The Labor Department said that the core producer price index for wholesale prices on goods excluding food and energy rose 0.5% in January, up from a 0.2% increase in December.
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For many of the owners, traveling to distant wholesale markets to buy goods poses a challenge.
While many have visited the sprawling Dragon Mart complex where low-cost Chinese goods are sold wholesale, an estimated 180, 000 Chinese people reside in the country, including senior figures for state-run banks who negotiate joint investment opportunities in Africa with Western companies.
U.S. economic data due for release Friday includes the U.S. trade in goods and services report, and monthly wholesale trade.
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Wholesale prices are rising, and those for consumer goods were flat in February and may soon be going up more quickly than most pundits are forecasting, as economic recovery broadens.
Other U.S. economic data due for release Thursday includes the international trade in goods and services report, and the monthly wholesale trade report.
The sudden and wholesale destruction of the pseudo-property system for information goods is not the solution, though left unchecked that is the natural response of the transaction cost-free Internet.
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Operation Compassion says it values goods at the estimated retail price less 40% to approximate wholesale value, which is the usual standard used in the nonprofit world.
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Wholesale-level inflation represents the input costs that companies incur to produce the goods and services that we consume.
For starters, there is a law that says foreign retailers are not allowed to sell goods directly to the public, so Wal-Mart built a wholesale distribution center instead of their typical retail outlet.
In each town or province, the program organizes local sari-sari stores into a group, and turns one of the stores into a large "Community Store" that doubles as a wholesale market where the owners of other smaller stores in the area can procure the goods they need.
These licenses, which vary by location, allow you to purchase merchandise wholesale free of sales tax--with the understanding that you will collect sales tax when you sell the goods (and give it back to the government).
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