Word: profitted
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Dates: during 1970-1979
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Besides offering direct rebates to buyers, the companies are continuing their standard programs of cash incentives and bonuses to dealers, which are designed to enable salesmen to knock a substantial amount off sticker prices and still turn a profit. The willingness of dealers to deal is heavily stressed in the companies' ads. Already, however, car buyers are beginning to grumble that in some isolated cases dealers are using the company-rebate promotions as an excuse to dig in and insist on the full list price...
...franc's extraordinary rise, however, seems to have been some heavy purchases of Swiss francs in the past few months by Middle East governments trying to diversify their currency holdings. Those purchases have prompted many speculators to sell greenbacks and buy francs in the belief that they will profit later when more oil money floods into Switzerland and pushes the value of Swiss currency even higher. Even now, says one unhappy Swiss bank economist, "there is a flood of petrodollars waiting at the gate...
...chief executive officer. Scott wants to improve A. & P.'s "slipping image" among shoppers, partly by building many new stores. He will probably ditch the WEO slogan, which he does not like, but still keep markups low. Yet he also hopes to lift A. &P.'s profit margin, which now hovers at less than half its traditional level of 1? on every dollar. Scott reckons that earnings should start to improve within a year. Just to play safe, however, he asked for-and got- a five-year contract...
...secret that, with some notable exceptions, the nation's 23,000 nursing homes are dismal places owned by investors far more interested in turning a fast profit than in caring for their elderly patients. Ralph Nader's group described nursing homes with depressing accuracy in a 1970 report. Mary Mendelson, a Cleveland community-planning consultant, exposed the industry's seamy side last spring in her well-researched book Tender Loving Greed (TIME, June 3). Last week nursing homes were once again under scrutiny, this time by federal and state investigators. In Manhattan, a subcommittee...
...Between 1969 and 1973, the firm opened no fewer than 376 new stores (on one especially busy day, 15 new Grants outlets opened their doors to the public). Industry analysts note that even the best-managed new chain stores usually do not draw enough customers to begin showing a profit until they have been in operation for three or four years; not too long ago, however, almost half of Grant's stores were less than five years...