Word: itness
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Dates: during 1950-1959
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Merchandising. Charles H. Kellstadt, president of Sears, Roebuck, expects that consumer durables, including autos, will rise 8% to 10% over 1959. Soft goods will rise 5%. Kellstadt said that a year ago he predicted this fall's retail business would be 5% better than last year. It turned out...
Retail Food. Food will continue to be "at least as great a bargain" through the first half of 1960, as it was during this year, said Franklin J. Lunding, chairman of the Jewel Tea Co.
Dramatically Kefauver's staff presented a chart showing that the Schering Corp. sold bottles containing 100 tablets of prednisolone, an antiarthritic drug, to druggists for $17.90, although the cost of buying the drug from another drug manufacturer and bottling it came to only $1.57. Was this markup of 1...
Hidden Costs. Upset by the fast attack, Schering's President Francis C. Brown hotly protested that Keef's chart -and the Keef himself-were all wrong. Prednisolone, said Brown, is a Schering improvement on Merck & Co.'s basic cortisone, is marketed by Schering under the trade name...
In choosing Schering as his initial target, Senator Kefauver picked a good example of the high-profit potential of the drug industry. Set up in Bloomfield, N.J., in 1935 by Germans to make sex hormones, Schering had only $3,000,000 in annual sales when the Government confiscated the company...