Word: retailing
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Dates: during 1960-1969
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Growing Nest Egg. The Goldwater gold was mined mainly from two mother lodes: the Goldwater-family retail stores; and Chicago's Borg-Warner Corp., where Peggy Goldwater's father, R. P. Johnson, was a vice president and director until his death...
...Goldwater family sold its retail business to New York's Associated Dry Goods Corp. for $2,200,000 worth of Associated stock. Barry's share was about 20%. His common stock holdings now include 7,555 shares in Associated Dry Goods (worth $445,700), 973 shares in Arizona Bancorporation ($20,400), and 90 in Borg-Warner Corp. ($4,320). He has life insurance with a cash value of $20,000. And he also has $37,000 cash on hand, a sizable chunk of which is earmarked to pay for the proud wedding he put on for his daughter...
...have not worked because, say wholesalers, the zones merely disrupted the normal patterns of trade. Next fall the government will actually go into competition with rice merchants by establishing a state trading corporation that will buy up huge portions of the crop, sell them at "fair" prices directly to retail outlets...
...saloon and general store in Sonora, Calif., eventually moved on to the Arizona Territory, where he peddled supplies to mining camps and took his chances in the wild country. He managed to survive-though an Indian once put a rifle ball through his hat-to establish a thriving retail clothing business...
...Maybe When I'm 40." In the end Bloom outsmarted himself. His success drew other hopefuls into a crowded market and aroused older appliance makers to cut costs and retail prices. Bloom proved as poor at finance as he was spectacular at promotion. Receipts from Rolls's "never-never"-as Britons call installment plans-were passed on to Merchant Sir Isaac Wolfson, who had bankrolled Bloom with a $28 million loan. Spotting trouble, Sir Isaac withdrew his support and sped the downfall...