Word: retailing
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Dates: during 1940-1949
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...years, Philco Corp. has offered retail clerks special incentives to push its radios. Under Philco's latest "Sell'n Win" plan, the clerks accumulated points for each Philco set sold and high scorers got "spiffs" (prizes) ranging from fountain pens to electric washing machines. Recently Philco tried a new twist: salesmen were to get chances in a drawing for cash spiffs. When the U.S. Post Office objected that Philco was conducting a lottery, Philco canceled the drawing...
Businessman Santa Claus had both good & bad news in his reports to small-fry customers last week. Now at the peak of its pre-Christmas hustle, the toy industry is shipping a greater variety of playthings than it has turned out since 1941. On retail toy shelves there is many an eye-catching new number, and rubber and metal toys not seen in any quantity in five years. The bad news is that prices are higher (about 10%) and the supply of some items, such as electric trains and dolls, is far short of demand. (One big store estimated that...
This time, even Jersey had to go along with the increase and had raised the price it was willing to pay for crude. The industry talked of a possible increase in the retail price of ½? a gallon on fuel oil and gasoline...
...industry. So far this year, crude oil producers' earnings are up 100% over last year. Refinery companies are well up also. With profits at these levels, many an oilman thought that the smart thing for the industry to do was to absorb the crude increase and hold the retail line...
...recent period of rising prices, have been an important factor in the advance of reported profits." But inventory profits showed a declining trend in the first half of this year; if they were excluded, earnings would still show a rise through June. Current profit levels in wholesale and retail trades, the Department added, were probably lower, due to rising costs...