Word: retailing
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Dates: during 1940-1949
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...five years of Feld-Crawford, hundreds of retail liquor price wars have been nipped in the bud. Under threat of injunction, "chiselers" were forced to get back in line. But last week New York drinkers enjoyed the best price war yet. For the third successive week prices were 30 to 40% below fixed levels. Many New Yorkers, who had often spent $1 tunnel fare to buy their liquor in New Jersey, bought around the corner, rubbed elbows with Jerseyites buying in Manhattan. Fearing the price war might end any minute, they sent sales sky high...
...never-stop. Reasons: 1) The distillers, who never lose by retail wars, refused to crack down this time because, having just finished a poor summer, they like the sales boom. 2) The Metropolitan Council of Liquor Package Store Associations, usually quick to pounce on price cutters, suddenly discovered their guns were jammed and someone had stolen their badge...
Soon after Repeal, licensed New York retailers formed the Council, whose 900 members are 80% of the city's stores, half all those in the State. Already semi-monopolies because of State licensing laws, councilmen saw a chance to make real money when the Feld-Crawford Act was passed. Negotiating with the distillers, they obtained a uniform 40% retail markup, a 4 to 20% discount for large purchases besides. Under this scheme Council members could buy $1 liquor from the distiller for as little as 80?, resell it for $1.40, while their operating costs averaged less than...
...students so far have applied for work in such varied fields as housepainting, clothes-pressing, photography, bill collecting, ushering, truck driving, and baby-tending. Large numbers have applied for odd-job chore work, chauffeuring, for retail sales work, and for typing...
...ahead of 1939, women's dress sales were 15-30% ahead. Nationwide department-store sales in August were 10% ahead of a year ago, only 11% under August 1929. Sears, Roebuck continued to lead the procession with a 22% gain over August 1939. Most bullish note: retail managements have been as gloomy as Wall Streeters about prospects, have kept inventories low. Since August buying by stores was 30% below July, continued retail sales gains should boom consumer-goods production...