Word: retailing
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Dates: during 1950-1959
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Snagless Zipper. Manhattan's Snag-Pruf Zipper Corp., which has been turning out a new nonjamming zipper for wholesalers at the rate of 100,000 a day, will sell it at retail for the first time this summer. The "trolley" can be removed from the tracks simply by pressing down on the tab used to pull it. Thus, any material that has been caught up can easily be freed...
McNair discussed this situation while presenting the annual Harvard report at the meeting of the Controllers' Congress of the National Retail Dry Goods Association...
...whisky market is now glutted: warehouses hold 900 million gals. of whisky, 80% more than ten years ago. Reason: many customers are buying less, or shifting to lighter drinks, because of stiff federal taxes on spirits, boosted last year from $9 a gal. to $10.50. At retail the price is still higher because venders add their normal markup (average 22%) to the tax itself* While the Big Four distillers (Schenley, National, Seagram's and Hiram Walker) insist that they will maintain prices, smaller distillers have already begun to cut prices of straight whiskies. Sample: United Distillers has slashed...
...decision to abolish Regulation W, the control measure which fixed minimum down payments and installments on consumer goods, e.g., one-third down on autos, with only 18 months to pay the rest. FRB Chairman William McChesney Martin had wanted to stick to the ruling despite a 6% drop in retail sales during the first 4½ months of 1952. But he was persuaded to lift it after the twelve regional chairmen warned him that, in their districts, prices were sliding, goods moving sluggishly, and inventories piling up. Now retailers are free to fix whatever credit terms they please...
...their electoral system, and the demise of their free press. "Handout strings," according to the ads, would turn out to be the chains of a police dictatorship. But then suddenly last week a new series of ads appeared, calling for Congressional passage of a bill designed to destroy retail price competition by government intervention. They were endorsed by no less than twenty-four leading business association...