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By the time Upham launched his publicity campaign in March, however, his business had clearly evolved from a modest retail operation into a high-volume wholesaling enterprise.
Lands' End, another catalog company with a modest retail presence, was sluggish before it was bought by Sears, Roebuck last year.
"Easter delivers only a very modest retail punch," said Michael Silverstein, senior partner at The Boston Consulting Group and author of the books Trading Up and Treasure Hunt.
So far, most of the investment has been made by local entrepreneurs who have opened or renovated and expanded modest retail businesses there.
When it was still known as Sherry Wines & Liquors it occupied a small shop at 678 Madison Avenue (now part of 680) from 1938 to 1948, when the block was taken up mostly by modest retail businesses.
Nor can its modest retail banks attract much custom for the other businesses, such as stockbroking, under the Citibank umbrella.Optimists say Citi's small size in these markets gives it more room to grow, especially as its main competitors are relatively unsophisticated local banks.
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"The price of crude oil is still slightly below where it was at this time last year and, even allowing for a modest rise, retail gasoline prices can be expected to remain well below the $4.00 a gallon mark".
People here — a farming community supplemented by modest-paying retail jobs and a few factory opportunities — are frank and plain-spoken.
While steep in and of themselves, the tax hikes had a modest impact on retail prices of alcohol.
The ground floor will have what Richard Clark, the president of Brookfield Financial Properties, the building's owner, called "a modest amount" of retail space, less than 10,000 square feet.
WASHINGTON, Aug. 13 (AP) — Consumers went shopping for clothes, furniture and electronics products last month, giving a modest boost to retail sales despite continued weakness in the demand for new cars.
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