Word: retailing
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Dates: during 1950-1959
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McNair has been an authority on retail trends for 25 years. He is the author of books on marketing and formerly supervised the Business School's annual report on "Operating Results of Department and Specialty Stores...
...high-school classroom one night last week a group of Ottawa's retail store clerks listened attentively to the first in a series of lectures, sponsored by the Ottawa Board of Trade, on a delicate subject: how to captivate tourists. First lecturer was the mayor himself, portly E. A. Bourque. Ottawans in general, the mayor told the class, should cut their lawns, paint their houses and keep their garbage cans out of sight. Above all, they ought to take care when driving through puddles not to splash pedestrians. "The people you splash might be tourists," he warned, "and tourists...
...keeps in shape by playing golf (middle 80s), thumping away at home on a set of drums. His biggest current worry: a strike in 139 Safeway stores, where the A.F.L. Retail Grocery Clerks Union wants store managers to join up. The strike has already cost the company about $4,000,000. But Warren hopes his expansion program will make this up-and then some. By 1955, when the program is completed, Warren expects that Safeway will have doubled its present business...
...cheques, American Express is best known for its globe-circling guided tours, which provide transportation, hotel rooms and food (but no liquor) at fixed rates. The company makes its profit not by charging travelers a fee but by getting "wholesale" rates on hotels, etc., and taking a "retail" markup. This year thousands of Americans will take 167 different tours, ranging in price from $10.95 for a two-day trip through New York City to $2,338 for a 68-day jaunt through ten European countries. The most popular: two-week "Banner Tours" through the West...
After years of debate, Congress last week repealed the 64-year-old federal tax on oleomargarine, effective July 1. But oleo will still not be easily mistaken for butter; oleo sold at retail must be conspicuously identified on the wrapping, while yellow margarine served in restaurants must be either triangular in shape or clearly identified. Quipped one Congressman: "Maybe we should require Florida orange growers to sell all their artificially colored oranges in a square shape." In addition, 16 states will continue to prohibit the manufacture and sale of yellow margarine, and six states will still levy special taxes...