Word: coding
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Dates: during 1930-1939
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Awaiting the settlement of the Retail Code, governing department stores, mail order houses and general retailers of all sorts large & small, were two collateral codes, the Drug Code and the Food Code. For into them was to go the Retail Code's key clause-or the principle it laid down -on price-cutting. The question of hours & wages was no issue; that had been settled by the President's blanket code. Labor was no problem. The nation's salespeople are wholly unorganized. The essence of the proposed magic was to end forever the blight of cutthroat competition...
Straus on "Fixing." At the Washington hearings, Mr. Percy first asked why the retailers did not submit a simple code which could be put through quickly and which would accomplish precisely what President Roosevelt wanted-raise wages, shorten hours, increase employment. Next he demanded some assurance that there would be labor and consumer representatives on the Retail Code's administrative board and its local committees. Neglect of consumers, he warned, was likely to be disastrous. And then Mr. Percy took a look at the disputed Article VIII: "If retail groups can fix prices at ... cost plus 10%," reasoned...
...elsewhere." until harried by the Better Business Bureau to qualify it thus: "We endeavor (though we are not infallible) to sell our merchandise for at least 6% less than we could if we did not sell exclusively for cash." Macy's competitors saw to it that the Retail Code says: "No retailer shall use advertising which refers inaccurately ... to any competitor or his merchandise, prices, values, credit terms, policies or services." When Macy's observed, "Subdivisions 4 and 5 are aimed at Macy's and everybody knows it," nobody took the trouble to deny...
...fight against the "stop-loss" provision of the code. Brother Percy has the sage counsel of Brother Jesse Isidor, who returned to the U. S. for an. operation last month...
Inconsistency? Another Macy's rebuttal to Major Namm and the National Retail Dry Goods Association was to ask why they were thumping for "price-control" in the Retail Code at the same time that they were fighting price-fixing provisions of the Drug Code...