Word: chaine
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Dates: during 1960-1969
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Official Support. Perhaps the best sign of maturity is that the parking chains are now nearly as attentive to cost accounting and technological change as are the Detroit automakers whose products they park. The typical parking space, Kinney has discovered, must turn over 1½ times daily just to break even. One extra car a day parked at each garage in a chain operation can mean up to $100,000 in additional annual revenues. Such figures may please the financial men, but they do little to assuage the angry parker, who is usually convinced that he pays too much...
Cradle To Grave. No chain is spreading faster than Kinney, which last year parked 7,000,000 vehicles-more cars than are registered in any state except California-at 90 locations in and around New York. Kinney President Steven J. Ross, 36, plans to offer customers as many services as possible along with parking. "The service industry," he says, "already accounts for 50% of all business. As we gain more leisure time, the industry will boom." To take advantage of the boom, Kinney has expanded its rent-a-car fleet from 100 vehicles to nearly 6,000 in the last...
...official figures are undoubtedly very conservative, as they include only those who checked in at one of the Lauderdale Department of Recreation's "Welcome booths," and paid their quarter for a tag and key chain ("COLLEGIATE GUEST -- JAYCEES PANHELLENIC -- FORT LAUDERDALE, FLA.") that would admit them to all the planned activities for as long as they stayed...
...prompted either by hunch or foresight, the Ridder newspaper group snapped up San Jose's dailies for what proved to be a bargain $3.5 million. From humble origins, this chain has steadily lengthened over the years until it now spans the continent. It was founded in 1895 by Herman Ridder, who had bought the German-language New Yorker Staats-Zeitung...
Laissez Faire. Herman Ridder was less interested in earning a niche in journalism's record book than in providing newspapers for the profit of his male descendants. Today, there are 21 Ridders to work the chain, a figure that neatly corresponds with the number of Ridder newspapers. The papers vary in size from the Aberdeen, S. Dak., American-News (circ. 21,000) to the St. Paul Pioneer Press and Dispatch (227,000 combined). But they all have one thing in common: a Herman Ridder heir at the helm...