Word: fair
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Dates: during 1950-1959
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...backers of Fair Trade pricing, who have been fighting a losing battle against discount houses, last week were dealt one of the hardest blows of all. General Electric Co., the biggest U.S. appliance manufacturer, abandoned "suggested" list prices for major appliances (e.g., dishwashers, ranges, air conditioners, etc.), "to meet highly volatile and competitive conditions...
...distributors may recommend (but not enforce) the retail prices to be charged in their areas. But G.E.'s small appliances such as toasters and irons, which do not involve trade-ins or instal. lation and are thus more easily price-controlled, will still be Fair Traded...
...announcement came the same day that Federated Department Stores, Inc., second biggest U.S. department-store chain, announced that it will cut Fair Trade prices at all its 34 stores to meet competition from the discount houses. Federated was not the first to challenge the discount houses on their own ground. Since summer, Detroit's big J. L. Hudson Co. and St. Louis' three biggest department stores have widely advertised that they will meet the lowest prices in town on any item, whether Fair Traded or not (TIME, Sept...
...announcement is not important. List prices have not been observed for years. G.E. has just recognized a fact which has existed." But many a marketing expert thought the price break at G.E. could touch off a price war among major appliance makers that could wreck the whole foundation of Fair Trade pricing...
...write off Happy Medium as unoriginal in music, banal in book, and lackluster in lyrics would be a fair appraisal but it would not be much of a guide to the merits of the show, For Happy Medium, though sabotaged by hopeless material, survives on energy and exuberance alone. It survives at least far into the second act when the production does finally give up the ghost; by that time, however, there have been enough fresh performances and touches to overwhelm the playgoer into an affirmative judgment...