Word: retailing
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Dates: during 1950-1959
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...accountant by mail. But he put his horse sense to good use when he became comptroller of Loeser's department store in Brooklyn in 1928. He revamped Loeser's antiquated accounting system, helped keep it on an even keel when the Wall Street crash swamped many a retail store, became its $50,000-a-year president in 1931. Three years later, he was boss of Hahn Department Stores, a shaky nationwide 57-unit chain...
...price-control structure last week. He ripped out the dollars & cents price ceilings which he had erected over thousands of food items in his freeze order of Jan. 26. For them he substituted a complex system whereby the Office of Price Stabilization regulates the percentage markups which retail grocers and wholesalers may tack on to the cost of goods. No one, not even tubby Mike Di Salle, is sure how the new order which becomes obligatory on April 30, will affect retail food prices. But Mike is optimistic. Said he last week: "We are sure that there will be more...
...grocer will have to do a mountain of paper work. He will have to recalculate his prices every Monday, to account for changes in wholesale costs the week before. And the order is rigged to protect the smaller, often less efficient, storekeeper. Retail markups run on a sliding scale based on four grocer groups: independent stores grossing less than $75,000 a year those grossing from $75,000 to $37,5000; chain stores grossing less than $375,000; all stores grossing more than $375,000. The smaller the store, the bigger the mark-up allowed. Thus, the small grocer...
...reason for the halt in price rises was price controls. Another, and probably more basic reason: the ancient law of supply & demand. Consumers simply thought prices too high and stopped buying. In January, said the Commerce Department, wholesalers' sales to retailers were 53% ahead of last year; retail sales, on the other hand, have been running only 18% above a year ago. Retailers stocked up in anticipation of more scare buying, which did not develop. Unless buying picks up, many will be forced to trim prices to unload. Said one Atlanta retailer: "The test will come after Easter...
Shipton is writing for a very limited audience. Five hundred copies of each volume are printed, of which fewer than 450 are sold. This may have its advantages though, for it costs the University $15 to print each copy, while the retail price...