Word: buying
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Dates: during 1960-1969
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Today I went into the Coop Textbook Annex to buy a used sociology book. They had a shelf full of used books, all stamped $6.80, although most of the books still had their former prices stamped in the front too. The original selling prices ranged from $4.95 to $6.65. When we asked the book buyer why the book was selling, used, for a higher price than it had originally cost its first owner, he at first denied any knowledge of what the other numbers meant. He finally begain to claim that the book might have sold for less...
Where can a bargain hunter buy three live elk for $500 each, a small-scale Mississippi paddle-wheeler for $7,500, or a connoisseur's collection of African voodoo drums and five-foot spears? Answer: at the New York World's Fair, where the greatest sale of surplus goods since the big postwar auctions of military gear is about to take place. As the Oct. 17 closing date approaches, the selloff by the Fair's 300 exhibitors is beginning in earnest...
...spend but makes them more conscious of their appearance. "The middle to higher income groups now need a larger wardrobe," says Nicholas Parker, Genesco Inc.'s president for men's wear (Fenn-Feinstein, Roger Kent, Whitehouse & Hardy). This means a more expensive wardrobe: more men now buy suits in the $90 to $150 range, pay $6 or $8 for slacks when they used to pay $4. Leisure time and suburban sociability have caused a sportswear explosion; 125 million pairs of slacks were sold last year, 70 million more in the first half...
Most of the manufacturers are busy buying up established chains to get the outlets they need to raise sales. Hart Schaffner & Marx now has 120, Cluett, Peabody 48. Second-place Botany Industries (1964 sales: $134 million) operates 78 stores, will soon take over more. Botany President Michael Daroff is particularly interested in the 18-to 28-year-olds, who not only have money but can set styles. Botany is equipping each of its stores with a Mustang Shop, where salesmen are young, Cokes are served, and youthful customers are urged to chat, browse and buy the go-go clothes aimed...
...musical instruments). Outside of G. & W., Bluhdorn and some other associates in the past two years have bought control of New York City's Ward Foods (TipTop bread) and the Bohack supermarket chain (196 stores). When acting for G. & W., Bluhdorn often uses stock instead of cash to buy out companies, shuns ailing firms. "We have no time to be doctors," he says. The deal for New Jersey Zinc will involve $150 million in cash and stock and is expected to be completed in December. It will give G. & W. quite a boost, raising its overall annual sales rate...