Word: checkout
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Dates: during 1960-1969
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...overhead gospel. "Customers are demanding from us what they get in traditional department stores," explains Sherwin Newar, president of the Houston-based Sage International discount chain. This means credit, home delivery and more attractive stores-all of which cost money. Though many discount houses cut costs by using checkout counters and shopping carts instead of big sales forces, other increases in overhead have sent their price markups, once about 25%, as high as 35% -ominously close to the typical department store...
...always moving, nothing is ever out of control. The color is warm, the performances are solid, the talk is sensible-much more sensible, in fact, than it was in the novel. Paying guests will have a pleasant stay in this Hotel, and experience a mild but genuine regret at checkout time...
...slashed the costs of food distribution in half since the 1930s, other expenses are rising. From 1955 to 1965, wages went up 46%, but retail food prices rose less than 14%. Yet supermarket operators admit that they could do considerably more to reduce costs through automation. Across the typical checkout counter run 22 tons of merchandise a week-all of it totted up and packed by hand. Says George W. Jenkins, president of Florida-based Publix Super Markets: "Many repetitive supermarket activities are readymade for mechanical and electronic assistance...
Missing Helmet. Al White had indeed managed to escape in an ejection capsule that parachuted him to earth, where he walked away with only bruises. But his copilot, Air Force Major Carl S. Cross, 40, a Viet Nam veteran who was making his first checkout flight in the craft, inexplicably failed to get out. Down from 25,000 ft., followed by Cotton's T-38, the giant bomber plummeted like a felled eagle. It smashed belly-down into the Mojave Desert, exploding into a thousand pieces. The long, proud neck was broken off and hurled 50 yds.; the heat...
...have pioneered the self-service supermarket, but the Swiss are leading the way toward putting it on the honor system. Last week the big Migros Federation (1965 gross: $450 million) announced that after a successful six-month trial in a suburban Zurich store, it was extending an honor-system checkout to other stores...