Word: retailing
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Dates: during 1940-1949
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...Government are considering them for possible use in training. One Marine Corps base has already ordered some to sell in its post exchange. In his small two-story, ivy-covered plant at Cranston, R.I., Johnson has already turned out 10,000 rifles for sale in toy and gun stores. Retail price: $15. With the target rifle he hopes that his company, which has been losing money since the end of the war, will hit the black...
...month after it started, the great wave of price-cutting calmed down last week into a tiny ripple. Most of the merchants in Newburyport, Mass., who had started it all, abandoned their program to refund 10% on all retail purchases. So did Newburyport's imitators across the nation. Merchants called it all a mistake. In the last eddy of the wave kicked up by Newburyport, a grocer in Byington, Tenn. posted invoice prices on his goods, let his customers decide the markup. They decided 20%, which was his normal markup, was about right. His business improved. But by & large...
...Jewelry Store in Glendale, Calif. By noon, when the doors opened, there were 3,000 in line. Waiting for them were twelve regular and eight extra clerks, one uniformed policeman, one private detective. Waiting, too, were electric clocks, cigaret lighters, liquor sets-18,500 items in all. Retail value ran from $2 to $50. But for each item the price was only 18?, in honor of Barry's 18th anniversary...
When it was all over, the 10,000 customers had bought merchandise with a retail value of $80,000. By buying up inventories and leftovers, Barry's got it for $20,000. The store's owner, dapper, suntanned Sam Behrstock, 43, estimates that his yearly anniversary sale increases his volume of business the rest of the year by 40%; people remember the name, come back. Behrstock started his give-away sale ten years ago, feels it is cheap advertising. Says Behrstock: "The idea was just short of an inspiration. And it makes me feel good to give...
...majority of consumers are dissatisfied with present methods of labeling retail goods, especially foods, and would like stricter Government control so that they will be able to tell exactly what they are buying...