Word: discounters
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...prices. The retail operators do not pay for these games-I do, in the form of higher prices for food. And why should I paste stamps for an item at list price in the stamp catalogues when it is available at two-thirds of the list price at a discount or department store? Why cannot the stores give the shopper the choice of either stamps or a discount on her purchases? Or would this be proving the point too emphatically for comfort...
...aware that he was failing, Kresge, with "great regret," submitted his resignation as board chairman to Kresge's Detroit headquarters. Son Stanley, 66, succeeded his father as chairman of a company that is now second in its field only to F.W. Woolworth & Co., has 930 variety or discount stores (against Woolworth's 3,266). This year Kresge expects to surpass $1 billion in sales for the first time, and its annual sales growth rate of 12.5% is matched among retail chains only by Sears, Roebuck...
...issue after another proved unsalable at its offering price. At the height of that pinch, investors even spurned half of a 61% issue by such a blue-chip utility as Southern California Edison, and American Telephone & Telegraph's new $250 million bond issue sold at a stunning 5qr% discount, thus offering a 5.96% return. That is the highest yield for any prime U.S. corporate bond since...
...third largest, banks raised their prime rate-the minimum interest charge on short-term loans to top-quality borrowers-from 5¾% to 6%. That was the fourth increase in the prime rate in the nine months since the Federal Reserve Board started the trend by raising its discount rate-the interest charge for loans to member banks-to 4½% last December. Though the Federal Reserve has since stood pat on its basic yardstick of money costs, swelling demand for loans has prompted banks to increase their prime rate to 5% Dec. 6, to 5½% March...
...John F. Kennedy's chief counselors: "Since we're not using a tax fiscal policy to keep down inflation, the Federal Reserve will have to make more moves-higher interest rates and less credit." Across the U.S., businessmen were predicting that the Fed would soon reraise the discount rate...