Word: retailers
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Dates: during 1970-1979
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...since 1973 has occurred after the food left the farm. That is a consequence of Americans' insatiable desire for ever fancier processing and packaging, along with rising off-farm wages. Last year, for the first time, workers in slaughterhouses, canneries, freezing plants and supermarkets got more (32%) of the retail food dollar than farmers did. Farmers received only 31% of the money spent in food stores and restaurants, down from...
Largely as a result of their merchandising razzle-dazzle, the chains are inducing people to buy more books than ever. Retail sales rose to $1.6 billion last year for hard and soft covers combined, and this year they are expected to climb 13%, to $1.8 billion. In terms of unit volume, sales this year will reach about 550 million books. Many of the new customers are former book-club members who find shopping in stores more convenient. As a result, hardcover sales by the clubs fell 4.5% last year, though inflation pushed up dollar volume by 7%, to $253 million...
...forefront of the merchandising blitz are such chains as Waldenbooks, the nation's largest book retailer, owned by Carter Hawley Hale Stores. Begun in 1962, the Walden chain now has 498 shops dotted around the country, mostly in suburban shopping malls. In recent years it has been opening a store a week. B. Dalton, a subsidiary of Dayton Hudson Corp., the department store conglomerate, is the second largest bookseller. Dalton too has been growing at a feverish rate in recent years and has 339 stores in 40 states. Other chains include Doubleday stores, an affiliate of the publishing house...
...Washington-based retail business, for example, failed with $150,000 in back orders. "People just didn't want to pay until the tax credit was approved," Dow said...
Action Lines in attendance also raised their own awareness. They learned that mail-order merchandise is the most common target for complaints (followed by automobiles, home repairs, government agencies, utility companies, landlords and retail stores). The columnists were only dimly aware of the magnitude of the mailorder problem until their get-together. Then passing mention of the phrase "five towels for a dollar" sent a tidal wave of groans across the hall...