Word: retailing
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Dates: during 1960-1969
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...from convention halls to resorts, Downtowner Corp. zeroed in on the all-but-forgotten traveling salesman for its bread-and-butter trade. The motel mix Matthews offers is free and easy parking, a swimming pool and a good room within walking distance of the town's No. 1 retail center. Obviously the formula works. With a healthy 75% occupancy rate last year (v. 64% for hotels) Downtowner Corp. rang up sales of $15,300,000, or 37% over...
...This publicity about Gary came at a crucial time-on the eve of the primaries. As soon as copies of TIME were available at the newsstands, "the Gary outfit" bought them up in entire lots and shipments from the local retail outlets. Consequently, very few copies reached the general public-that is, the local voter...
Federal law requires that window stickers list the retail price of cars plus the price of optional accessories and the destination charge. Dealers cannot charge more than the list price; they can and generally do charge less. What the buyer really needs to know is the wholesale price-the price that the dealer pays the manufacturer. Dealers and manufacturers are not required to reveal wholesale prices, and they don't. A rule of thumb is that compact cars are marked up 21%, regular cars 25%, and luxury models 27% to 29%. Therefore, the wholesale price can roughly be figured...
...market is Sony, whose compact, low-cost ($1,345) Videocorder, available since September, has already sold more than 1,000 units. In June, Ampex will introduce its $1,675 home video tape recorder. Fairchild Camera & Instrument Corp. and RCA are working on models that they hope will eventually retail for around...
...Grange, Ill., the Parkway Pet Store sold 16 after putting a sign in the window. In Atlanta, the Ark Pet Shop has already sold 125, has more orders than it can handle. Creative Playthings sells some 50 gerbils a week at $15 a pair, through its Manhattan retail outlet, Princeton, N.J., headquarters and well-known catalogue...