Word: retailing
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Dates: during 1940-1949
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...secretary led the General into Avery's paneled office. General Byron handed Avery President Roosevelt's order directing the U.S. Army to seize Ward's $302 million mail order and retail business for the second time in seven months. Franklin Roosevelt also ordered Ward's to obey two War Labor Board directives: 1) to pay retroactive raises to 17% of Ward's 70,000 employes;* 2) to sign a union contract guaranteeing maintenance of membership. Sputtered Sewell Avery, the New Deal's No. 1 industrial hairshirt: "Arbitrary . . . coercive . . . illegal." Citing Roosevelt's failure...
Minister McIntosh had been to Britain, talked to the chiefs of the vast and successful British cooperative societies, which have 9,000,000 members, control 24% of England's retail food sales, feed 42% of the population of Scotland. Saskatchewan's farmers knew that the co-ops also have huge investments in Argentine packing houses and creameries in New Zealand. The good news that Minister McIntosh had to tell the home folks was that the British cooperatives were ready to do more business with Canadian cooperatives. They were prepared as a starter to invest in new hog-processing...
Postwar farmers & businessmen plan to start out modestly. About half think that they can do the job on an investment under $4,000 (actually, most small retail stores are started on far less). But the most surprising fact was: some 60% of the soldiers expect to have saved at least half their needed capital by the time they are discharged...
...intent of Section 101 (12) was to help the farmer, forced to sell his products at wholesale prices, but to buy what he needs at higher retail prices. Congress hoped to give farmers a bigger profit by helping them to sell at retail prices, i.e., eliminate the middleman through coops. This the co-ops have done well...
...Retail Department