Word: retailing
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Dates: during 1960-1969
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...guaranteeing equal right of access and accommodation in lodging places, theaters, sports arenas, retail stores, restaurants, lunch counters, etc., that meet any of four conditions: 1) that the establishment's goods or services are available "to a substantial degree to interstate travelers" (just what was meant by "substantial" was not specified); 2) that a "substantial" portion of its goods move in interstate commerce; 3) that its activities or operations otherwise "substantially affect interstate travel or the interstate movement of goods in commerce"; 4) that it is an "integral part" of an establishment covered by the bill-as, for example...
...incompetent or inexperienced management. Of 15,782 failures in 1962, 91.3% were due directly to management fumbles that caused poor sales, a poor competitive position, crushing overhead or inventory problems. The highest industrial failure rates were among the makers of furniture, electrical machinery, shoes and transportation equipment; on the retail level, the failure list was headed by children's and ladies' wear stores, sporting-goods shops and furniture stores...
...three pistons that propel the economy-consumer spending, businessmen's spending and Government spending-are all pumping once more in unison. Production, profits and purchasing power are running at records. The reports from autos, steel and retail sales are bullish. On Wall Street the stock market has come back to within 15 points of its all-time 1961 high of 734.91. The business pickup has been greeted by every name, from the grudging "seasonal upswing" to the barely restrained "boomlet" now used in an advertisement by staid Standard & Poor's. The economy's performance...
...MacDonald Stamp Co. (Plaid Stamps) is exploring the British market, and giant Sperry & Hutchinson (Green Stamps) will launch an assault this summer. More immediately. Great Universal Stores' Sir Isaac Wolfson now owns five small stamp companies, and is expected to begin issuing stamps in his 2.600 retail outlets...
...Good Will. In some ways, Mafatlal has already made a start. For Indian women on a slim budget, his designers are now bringing out new saris that are durable and inexpensive enough for housework, yet attractive enough to be worn in public. Mafatlal has made deals with 34 Indian retail shops to sell his fabrics at low markups and plans to make more such arrangements. He has also taken the unusual step of placing ads in Indian newspapers and magazines to stress his company's interest in the public's welfare as well as in its rupees...