Word: retailing
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Dates: during 1950-1959
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MONTGOMERY WARD opened its first shopping-center retail store in Denver. Over next two years it will spend $84 million to go into 17 other shopping centers...
Will the price rise be passed on to consumers? Retail competition is so tough that most steel users thought not-for the time being. They apparently intended to see how fast business picked up before they took a chance on raising prices. Said General Electric Chairman Ralph Cordiner guardedly: "In the face of rising costs bargain prices cannot be expected to continue very much longer...
...prices to customers. For the dealers, Dean Chaffin, president of the National Automobile Dealers Association, scoffed at the indictment. Said he: "If there was any attempt to fix prices, it was certainly a colossal failure. As every new-car buyer knows, for the past several years the retail prices of new cars have been the prices the customers have negotiated." Nevertheless, the Justice Department plans to continue its price-fixing probe in New York, San Francisco and other cities...
AUTO-LABELING LAW, signed by President Eisenhower, provides that each 1959 car carry tag telling model name, final assembly point, means of delivery to dealer, manufacturer's suggested retail price for auto and extras...
...sales because it reveals the prices of its prizes, also gives them several plugs, each with a camera shot and description. Furthermore, The Price allows its 30 million night-time viewers to bid for a $15,000-$40,000 giveaway "showcase" of merchandise (the nearest estimate of the total retail value, without going over, wins it all). Last week 7,000,000 postcards poured into The Price, each marked with an estimate of the showcase's value. That meant many a viewer had gone to local dealers, at least to ask the price...