Word: retailing
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Dates: during 1950-1959
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...pusher" (retail peddler) of narcotics is under irresistible pressure to win fresh converts to addiction. Each addict, in turn, is likely to become a pusher, widening the vicious circle. Reported Manhattan's General Sessions Judge Jonah Goldstein: 1) 99% of convicted narcotics peddlers are also users, and therefore peddling to insure their own supply; 2) 30% of all persons convicted of any crime are narcotics users, driven to crime because this is the only way they can raise the money ($15 to $100 a day) that they have to pay for the drugs...
Fair Trade was also weakened in the book business last week. The Federal Trade Commission ruled that publishers who sell their books at discounts through book clubs cannot force retail stores to charge the list price. Bookstores can now cut prices on any club choice...
...into the "retail trade," required branches. In most cases merger was the best and often the only method. Banking authorities would not permit the establishment of new branches in localities in which adequate service already existed. So New York's Chase National, a bankers' bank with only 29 offices (all but two in Manhattan), merged with the Bank of Manhattan, acquired 67 branches spread across Queens. Brooklyn and The Bronx...
...head of Hamilton Mills, a lucrative hosiery concern which then wholesaled its output to chain stores, Feinberg became convinced, in an era of overproduction, that hosiery manufacturers would need well-known retail names to survive, bought into Kayser and then Fruit of the Loom. Now, he says: "We have a sense of assurance that we will be accepted...
...long-play Super-T is powered by a small "A" pack battery (operating cost: .16? an hour), which is cheaper to use than home current. The 8-lb. set uses transistors instead of short-lived vacuum tubes, will also play for 500 hours on four standard flashlight batteries. Retail price...