Word: retailing
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Dates: during 1940-1949
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Some manufacturers were finding ways to cut prices while retaining all the features of their old higher-priced lines. The Detroit-Michigan Stove Co. brought out a new line of gas ranges to retail 12% to 20% below the market for competing ranges. With department-store sales slipping behind last year's, more industries were facing the problem of whether to cut production or take a chance with ingenious cost-cutting practices. In many cases ingenuity was already paying...
...behemoths were not fighting over peanuts. Last week, the first week of big city sales, some 4,000 cameras were sold in the Manhattan area alone. Though Polaroid was making 10,000 cameras a month, it was forced to ration them, as well as its special film, to retail outlets. For the first time since the war, Polaroid expected to make a profit this year...
...there seemed to be a considerable difference between Herberger's chain of seven small-town stores and Butler Bros., largest U.S. wholesaler of general merchandise and also operator of 170 retail stores. Neither the Herberger hustle nor the magic of the Du Pont name could get the oldtime profits out of the 62-year-old company. Instead, Butler Bros, lost $4.3 million before tax carrybacks in 1947, squeezed out a small profit last year, but dropped $287,632 in 1949's first quarter. Its stock fell fcom 15 to 7 in two years...
...last year one of New York's liquor inspectors caught Manhattan Retailer Edward Sidney Levine with his Schenley Reserve down. Levine had slashed the price from $4.05 to $3.75 a fifth. That was less than he was permitted to sell it for under New York's "fair trade" law which, like price-fixing laws in 44 other states, permits manufacturers to set minimum retail prices...
...Richard Burbidge, then managing director, startled the retail world by installing escalators on Harrods' ground floor. At the top of the 40-ft. moving stairway, he stationed an attendant to hand out free doses of smelling salts or cognac to all who had braved the trip. When he built his new store, between Basil Street and Braupton Road, a domed and gingerbready six-story edifice with 13½ acres of floor space, Burbidge shrewdly allowed for expansion by letting out the top floors as flats. Of the ten flats that are left, the largest belongs to his grandson...