Word: retail
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Dates: during 1930-1939
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Inconsistency? Another Macy's rebuttal to Major Namm and the National Retail Dry Goods Association was to ask why they were thumping for "price-control" in the Retail Code at the same time that they were fighting price-fixing provisions of the Drug Code...
...Drug Code said that no branded drug product or cosmetic might be sold at less than 21% below the retail price fixed by the manufacturer. Thus if E. R. Squibb & Sons stamped $1 on a bottle of mouthwash, no one could sell it below 79?. Most big department stores sell branded drugs and cosmetics, many of them as "loss-leaders." Because of the heavy, steady demand, they are willing to sell them at little or no profit or even a loss simply to bring people into their stores. Under their own code the department stores could not sell them...
Consumers to Arms-The price-fixing squabble grew so noisy that the din passed beyond conference-room walls. Percy Straus's sidelong argument that retail selling should be a balanced function which, when efficiently performed, passes along price benefits to the consumer, reached the ears of Mrs. Mary Harriman Rumsey, head of NRA's Consumers' Advisory Committee. She perked up her ears and flatly denounced the whole fair practice section of the Retail Code. It was learned that Dr. Alexander Sachs of NRA's Research Division had confidentially reported to General Johnson that "stop-loss...
Agricultural Adjustment Administrator Peek, who is responsible for the Food & Grocery Wholesale & Retail Trades Code, was also alarmed. Retail price-fixing would make it more difficult for him to bring farm prices up to parity with manufactured goods. Though the Food Code went into hearings last week with a price-fixing clause-a 10% mark-up like the Retail Code but split 2?% to the wholesaler and 7?% to the retailer-few observers believed that it would get by Mr. Peek...
...except for phraseology, the Retail Code emerged from the back-room stage in much the same form that it went in. Wages & hours were changed so that a store might elect to operate in one of three groups, classified by number of hours per week that it remained open. But no store might operate less than 52 hours a week (except those that did so prior to June i). Maximum hours in each group ranged from 40 to 48, minimum wages in big cities from $14 to $15 a week. Lowest wage allowed was $9 for villages in the South...