Word: retailing
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Dates: during 1960-1969
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...pinching regulations that forbid any restaurant in Russia, from Moscow's vast Ukraina to the smallest cafe in Siberia, to spend more than $5.50 a day on soup greens. Urged Pravda: "Priority must be given to economic methods of management." The government now plans to do just that. Retail stores and restaurants in half a dozen Russian cities will be given a free hand to cut or increase sales staffs, improve displays and boost promotion budgets. "Advertising always pays," intoned Komsomolskaya Pravda, with no trace of socialist embarrassment...
...many men who have made money from electronics, Greek-born Vessarios Chigas, 43, left a job at Sylvania, set up Boston's Microwave Associates; he now is worth at least a million. Charles Stein, 37, sensed a rich future in convenience foods. He began by buying oranges at retail and squeezing them into juice for hospitals and hotels; the business grew so vitamin-rich that National Dairy bought it from him for 17,000 shares of stock (now worth $1,530,000), and Stein has gone on to become president of Chicago's Kitchens of Sara...
Last year the nation's 212,600 stations sold a record 50.7 billion gallons of gas, and the industry's sales of $20.3 billion ranked it behind only food stores, auto dealerships and department stores in retail volume. The growing interstate highway system, Detroit's booming auto production and the trend back to larger, more powerful cars (which use costlier gas) have increased gasoline sales another 3.6% so far this year. This summer, gas sales are pushing to alltime highs as more and more Americans-four out of every five of whom drive when they...
Amphetamines and barbiturates get into illegal channels from makers of basic chemicals, drug manufacturers, distributors, retail drugstores, and, says the FDA's Sadusk, "even from physicians." In an effort to plug that last leak, the A.M.A. issued a warning to doctors to prescribe only the required amount of any drug for specific symptoms, and not to write prescriptions that can be refilled indefinitely...
...retail tax on jewelry, watches, furs, cosmetics and leather goods is gone. The reductions, however, will not be quite so generous for air conditioners, TV sets, typewriters, cameras and most other hard goods, which carried a tax that manufacturers paid directly to the Government. On a refrigerator that sells for $300 the reduction comes to $15-or only 5% of the actual retail price. A $500 color TV set will be trimmed about $30, and a $160 saxophone about $10. As for automobiles, this year's reduction will amount to 3% of the manufacturer's price-from...