Word: retailing
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Dates: during 1950-1959
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More buttered popcorn was sold at retail last month than in any,other month in world history, and most of it disappeared from circulation in the darkened caves of U.S. movie theaters. Surveying the technological development that set the corn rolling, the Russians formally announced that they had invented the thing first. A Chicago beanery produced the 3-D Special, and a Midwestern minister gave a sermon on "Prayer-the Third Dimension." Exuberant Cinemogul George Skouras kissed Pageanteer Mike Todd in public. Somebody else brought out a Polaroid lorgnette. "Whaddya mean, vulgar?" cried one movieman. "Isn't the public...
...nimbler-witted Ibos and Yorubas who dominate Southern Nigeria. When Emir Abdullah's decision was announced, Haussa and Fulani alike broke away from their mosque and poured into the Saba N'Gari (Stranger's Quarter), where 60,000 Ibos and Yorubas conduct Kano's retail business. Rioting went on for three days; when it was all over last week, 45 were dead, 200 injured. Speechmaker Akintola was bundled into a government plane and shipped back South, where he promptly indicted his attackers as "victims of imperialism, who have lived so long in bondage as to lose...
...moving so fast that its own inventories are only 75% as high as a year ago. Furthermore, as the Commerce Department itself pointed out, sales of all lines have risen so much that the ratio of inventory to sales is actually lower than a year ago. April's retail sales of $14.3 billion were up a bouncing 7% above a year ago. And a breakdown of inventories (see chart) shows that both retail and wholesale inventories are just about where they were last year. Most of the overall rise has taken place in manufacturing because of the necessity...
...thus his company is in the best of corporate health. Starting out 18 years ago with $2,000 borrowed from a bank, he has built up his clothing company (named after his wife) to the point where it grossed $7,100,000 last year, selling through 1,400 retail stores. Last week Schuman showed off the results of some of his thinking: he opened a new $2,000,000 three-story plant, and celebrated with a fashion show at San Francisco's Fairmont Hotel. There, amid the popping of champagne corks, models drifted along the runway wearing coats...
...advertise the sale, auctioned off the first and last cars and two others. Among the other salesmen: ex-Governor James McCord, an auctioneer by profession. Because the carnival spirit of the sale made for free spending, Clement and his friends knocked the cars down at bids well above local retail prices for comparable used cars. Average for the 44 cars, one to seven years old: $1,065. After the sale an out-of-town dealer, who had gone to Nashville expecting to pick up bargains, grumbled: "I didn't make a single bid. Bidding started off at prices...