Word: retailing
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Dates: during 1960-1969
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Even acts of foresight have backfired. When inflation sent rice costs soaring, Macapagal dispatched trucks into the barrios to sell rice at a subsidized price half that of the retail trade. The long queues, called pilas, exposed customers to broiling sun and drenching rain, and rage instead of gratitude. In a Manila cinema a newsreel of Macapagal brought boos and shouts of "Pila! Pila!" A month before the elections, the government abandoned the "rolling stores" and switched to neighborhood rationing, with the subsidized rice handled in local shops...
...either stepping up or cutting back on his prolonged spending spree. Partially because the traditional season is 20% shorter this year, and partially because many merchants find it hard to believe that their good luck can continue indefinitely, only 49% of the stores queried last month by the National Retail Merchants Association felt that this year's Christmas sales will exceed 1962's. But, as stores busily worked at launching their early season last week, it was hard to find a merchant who voiced anything but optimism. "Indications so far," said an executive of Sears, Roebuck, "point...
...Caution. Booming exports are leading the way to a 41% gain this year in Britain's total output, which did not grow at all last year. Auto production, helped also by strong demand on the home front, is pulling 28% ahead of last year. Consumer credit and retail sales have been rising for three straight months. The economy is moving so well that some British leaders are crossing their fingers. Last week Chancellor of the Exchequer Reginald Maudling said that wages and prices have been holding steady, thus giving British exports a competitive edge that he hoped would...
...Distressing as it may be to A.T. & T. the sale of offbeat handsets is booming. Two companies in New York City account for most of a fast-moving retail and mail order business in rebuilt foreign antiques and reproductions, equipped with dials and plug-ins to fit a phone company jack (Jacqueline Kennedy has one on a 19th century Victorian table in her White House office). Also popular are American antiques-wood-cabinet wall phones and the stand-up type that went out in the late '30s, known in the telephone trade as "the Eliot Ness." Newest dodge...
Colds & Chapels. Now that everybody is in on the stamp act, retailers constantly have to devise new licks. In all, 275,000 retail stores-filling stations, hardware stores, banks, dry cleaners, motels, and even National Car Rental-pass out stamps. The principal beneficiaries are the 350 trading-stamp companies, which will sell $850 million worth of stamps this year...