Word: retail
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Dates: during 1930-1939
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After the decision last week. Federal Water Service Corp. and Consolidated Retail Stores Inc. both withdrew stock-for- back-dividends plans, and National Supply Co. held up its plan pending counsel's opinion...
...incubus of Taxation with might & main, many an oilman was ready to concede that in one instance, at least, Taxation had done the oil business good. The wonder worker was a particularly painful chain store tax which went into effect in Iowa in June 1935. Upon oil companies owning retail outlets it piled a new levy graduated steeply upward both on gross receipts and number of outlets. By last week it was apparent that this last straw, far from breaking the camel's back, had set it going with the wind. Oilmen trooping into Chicago's Hotel Stevens...
...Iowa law forced the oil companies to make a radical change in their marketing methods. The companies simply got out of the retail business. To filling station operators they offered leases which made them, overnight, independent businessmen. Spreading rapidly into other States where rigorous chain legislation was in force or in prospect, the Iowa Plan became a national transformation. Beginning last January, great Standard Oil of New Jersey leased or sold 2,000 of its 2,500 company-owned Esso stations. Continental Oil disposed of every one of its 1,276 stations. Phillips Petroleum retained only six stations as training...
...Iowa tax was not the only worry the companies shook off by withdrawing from the retail business. For years-and during Depression especially-their wholesale and retail outlets were overbuilt, requiring them to place more emphasis on the volume of gasoline sold than on the profits made. By turning dealers loose more or less on their own, they automatically started shaking down an artificial market into a natural one. They were also pleased to think that by creating a somewhat diminished host of little fellows out of a regiment of cogs they were aiding in the Decentralization of business, favored...
California Store Tax, Among 23 questions submitted to California's voters, the one that made the biggest stir was No. 22, to settle whether a law passed by the Legislature in 1935 should go into effect. Called modestly a retail store license, it provided a $1 tax on the first store in a chain, $2 on the second, $4 on the third and so on up to $500 on the tenth and each subsequent store. Gasoline stations and beauty parlors were exempted, but other chain stores, led by Safeway with 1,300 stores, got the help of Adman...