Word: retail
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Dates: during 1930-1939
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Never had the future of consumer co operation looked brighter than it did last week. Consumer co-operatives expanded throughout Depression, now boast some 3,000,000 members, annual sales of $400,000,000. That was only about 1% of last year's total retail sales in the U. S.. but enough to cause Printers' Ink to note : "If co-ops are to be viewed with alarm as poaching on the preserves of private busi ness, there is plenty of room for alarm...
...this case "east" meant nearly everything from Egypt to California, from Palestine to Capetown, including Australia and New Zealand. Texaco at present has no commercial production outside the U. S., though foreign business accounts for about 20% of its total sales. California Standard has no retail marketing system "east of Suez." But on the island of Bahrein in the Persian Gulf it does have a great potential supply of crude (see p. 21). Development was started in 1931 and a big refinery is under construction. Yet last year California Standard was able to sell only...
While delegates from 31 states were dining & dancing at the 39th annual convention of the National Association of Retail Grocers in Dallas, Tex. last week, the most original grocer in the U. S. was preparing to give housewives another exciting thrill in Memphis, Tenn. Name of that grocer was Clarence Saunders, a onetime miner who likes to wrestle with financial problems all night in a bathtub of hot water. Name of his latest merchandising excitement: Keedoozle Corp. Cried Keedoozler Saunders: "Within a year I'll be worth $10,000,000. I won't have that much on hand...
...caught, commercial racketeers can usually be convicted for mail or bankruptcy fraud, both Federal offenses. But in retail trade a creditor has no recourse against a dead beat except to sue. It is no crime to charge a mink coat, then fail...
...organization that watches personal credit is the National Retail Credit Association, which will hold its annual convention this week in Omaha. Unlike NACM, NRCA has no central credit exchange. But records of no less than 60,000,000 U. S. chargers are on file with local credit bureaus in more than 1,000 cities. The Credit Bureau of Greater New York has 3,000,000 alone. These local credit bureaus are, in the main, non-profit-making organizations owned by their members, mostly stores, and any charge account not paid in 120 days must be reported. Delinquencies are entered...