Word: retailing
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Dates: during 1950-1959
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...year-old grocer won a legal fight that knocked a big hole in the fair-trade laws (see Retail Trade...
...Beef. The most thunderous salvo of the week was fired by Price Controller Mike Di Salle. He ordered an 18% cut (about 5? a Ib.) by next Oct. 1 in the price that may be paid for live cattle. He also fixed dollars & cents ceilings on wholesale and retail beef prices, and set up stand-by machinery for beef rationing (although price officials hastened to say that they saw no prospect of rationing in the near future...
...store, a $2,000 stake in it (most of it borrowed), and high hopes for his new, cash-on-the-barrelhead business. Last week 75-year-old Jim Penney, founder of the 1,612-store J. C. Penney Co. chain (TIME, June 20, 1949), third largest general merchandise retail business in the U.S., made a sentimental journey back to Wyoming for his first store's 49th anniversary...
...concentrated on quantity, the quality dropped, since the government could not gear its prices to the numerous varieties of teas that are needed to make good blends. British tea lovers were bitter, and brokers loudly grumbled that they could do a better job, even under rationing and retail price controls. When an all-party committee of Parliament also agreed, the Ministry of Food gave in. "Government purchasing," admitted the Ministry, "does not, on the whole, give consumers the widest possible choice of teas [or] assure adequate supplies...
...central office management. "I don't want any brain-trusters for managing directors," explained Puckett. "All I want is good top sergeants." Like a good commander, he delegated authority to his store managers in the field, left them alone if they produced sales. To supply his retail army with plenty of sales ammunition, Puckett built up private Allied lines in sheets, men's clothing, appliances...