Word: retailing
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Dates: during 1960-1969
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...commercial accolades in the music business is a gold record, signifying that a given release has had retail sales of $1,000,000 or more. In the pop field, goldies are a dime a dozen, but in the 21-year history of LP, there have been only five million-dollar classical bestsellers. Three of them - The Glorious Sound of Christmas, the Messiah and The Lord's Prayer - were made by the Philadelphia Orchestra,* a top seller down through the years, and the most-recorded orchestra in the U.S. Small wonder, then, that it finds itself right in the middle...
...outlets opening their doors every day, the industry has lately been expanding by about 15% a year. The nation's 500,000 franchise operators enjoy a $90 billion-a-year business, accounting for 10% of the total U.S. output of goods and services and a remarkable 28% of retail sales...
Washington is certainly, if belatedly, making the effort-and that effort is beginning to pinch the public. The 10% tax surcharge shows signs of reducing some consumer demands; retail sales have rolled along on a plateau since last fall. The federal budget is expected to shift from last year's deficit of $25 billion to a small surplus in fiscal 1969, resulting in far less Government-generated economic demand. Meanwhile, the Federal Reserve Board has moved to tighten the money supply. After growing at an annual rate of more than 7% in late 1968, the supply rose...
...employees group yesterday obtained authorization cards from Charles Warren, Secretary-Treasurer of Local 711 of the Retail Clerks International. Under the provisions of the National Labor Relations Act, 30 per cent of Phillips' employees must request collective representation in order to hold a union election. If 50 per cent then vote for a union in the election, Phillips is legally bound to bargain with that union...
...employees group claims that the Retail Clerks Union will organize the store only if 75 per cent of the workers sign pledge cards of the union, 25 per cent more than technically required. But this is not, according to other union sources, an unusual practice. The employees committee will circulate the cards tomorrow...