Word: retailed
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Dates: during 1960-1969
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...their side, unions are girding for a series of major contract negotiations this summer and autumn with wage-rise demands totaling more than a billion dollars. Among the demands: 3,000,000 heavy-machinery workers asking a 10% increase; 1,250,000 construction men seeking 15%, and 750,000 retail-distribution employees demanding 10%. To head off such damaging boosts, Wilson last week maneuvered his bill renewing wage and price controls through its decisive second reading in Commons. But it passed by only a narrow, grudging margin of 35 votes. The fact is, many Britons are simply not convinced that...
...census and population statistics while gobbling caramels - cellophane wrappers and all. Out of all that charging and chewing came a discovery that still shapes U.S. merchandising. "Imagine it," Wood recalls. "The country was filled with talk about the automobile. Henry Ford was making shopping mobile; yet not a single retailer saw what the impact would be." Except for Retailer Wood, that is. Reckoning future population trends on the basis of his own census studies, Wood badgered Sears into opening its first retail stores, initially in the Midwest and the West. Some of the early stores served only small neighborhoods -which...
...Bigger. Wood's coup, and others to come, earned him Sears's presidency in 1928, its chairmanship in 1939, and promised Sears unchallenged retailing superiority for decades ahead. In the years between Wood's arrival and his retirement next week from the company's board at 88 (he gave up the chairmanship in 1954), Sears has grown from a rural mail-order house doing a $200 million-a-year business to a vast corporation with sales of more than $500 million a month. Its 50-state organization includes 809 full-line stores, 1,731 smaller catalogue...
Little Comfort. Probably to create an illusion of progress, Kaunda recently nationalized 24 companies owned by foreigners and cut to 50% the amount of profit a company can take out of the country. Most of the nationalized companies were retail outlets, breweries or other small businesses that he eventually plans, in the second stage of his "revolution," to turn over to cooperative management by blacks. Big foreign producers, such as the British-American copper companies, were not among those nationalized...
...consumer markets. Automen predict a big demand for cars among discharged veterans, and the housing industry, now confronted with another pinch in its mortgage-credit lifeline, foresees a major upturn fueled by lower interest rates if peace comes. Such an upturn would also lift sales of appliances, furniture and retail stores...