Word: retailing
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Dates: during 1940-1949
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...stepped into his new job, President Harvey let out, for the first time, the earnings of the family-owned enterprise. In 1945 its hotels, depot dining rooms, dining cars and retail shops did a $37 million gross business, up 6% over...
This year the U.S. needs an estimated 36 billion board feet of lumber, a production mark last achieved in 1942. Since then, lumber production has been falling steadily. The deficit has been made up from mill and retail yard stockpiles. But now stockpiles are down to only five and a half billion board feet (see chart), and even this small amount is badly distributed. More than ever before, the U.S. will have to depend on what it actually logs. And the industry, which last year produced only 27 billion board feet, is now plagued with a bewildering array of afflictions...
...eliminating all frills, Founder S. Klein (who died in 1942) cut his cost of doing business to about 7% of net sales (most large retail stores figure costs around 36%). Thus he could make money with a quick turnover and an average markup of 10% over wholesale prices. He bought as he sold-cheap. Dress manufacturers in need of money found Klein ready to buy excess stocks at cut prices. Many a $14 dress thus found its way to Klein's $7.95 racks. If it stayed there more than two weeks, it was marked down...
...small, energetic tailor named Samuel Klein opened a one-room retail dress shop on Manhattan's Union Square. He had $600 in capital, 36 dresses on his racks. In less than 20 years, S. Klein On The Square became the world's largest women's-wear store, sold as much as $25,000,000 worth of clothes a year to bargain-hunting, women...
Like a boy with a penny before a candy counter, the nation's grocers cannot make up their minds about OPA. In Atlantic City, John E. Jaeger, president of the National Association of Retail Grocers, stood up before the Wholesale Grocers Convention. Said he ringingly: OPA must go, and at once...