Word: retail
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Dates: during 1920-1929
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Maxwell Haisey, who graduated from the University of California last year will make a study of the relation between traffic problems and the movement for the decentralization of the retail business...
...boundary he brought mountaineers to weave cotton and woolen fabrics in mills he built. His buyers bought at first hand in Europe, Africa, Asia, as well as in the Americas. In effect, he created a "vertical" business for his company by controlling raw material, manufacture and sale. No other retail business has done this so thoroughly and so successfully. Marshall Field & Co. (the name was adopted in 1881) now can call itself, "The most complete museum of our present day civilization...
...Quebec last week as the Investment Bankers Association. They gathered as much for mutual acquaintance as for conference on their peculiar problems. Investment banking has grown to be of vast complexity, and depends much upon personal relations. Issuing houses buy bonds wholesale, which they job to their retail correspondents. These in turn sell such securities directly to investors...
...Retail bondmen complained of the small percentage of a security's selling price that they must work on. They blamed the issuing houses; Jerome J. Hanauer, of Kuhn, Loeb & Co., new governor in the association, blamed the situation on corporations and governments which demand too high prices for their bonds...
Selfridge & Co.'s department store in London, the embodiment of these reflections, was founded in 1909. Its building in Oxford Street is a guidepost for beautiful store architecture. Sales people address clients by name. In 17 years it has become, except possibly for Harrod's, the greatest retail store in England...