Word: retailing
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Dates: during 1960-1969
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...employees, and layoff benefits that bring payments up to 80% of base wages. Even more liberal extras range from the country clubs for workers provided by Burroughs Corp. and IBM to haircuts for employees of Detroit's Maxon advertising agency and psychiatric care ($2 a visit) for California Retail Clerks and their dependents...
...sense a blessing. And Secretary Freeman keeps preaching that the people of the U.S. ought to regard their agricultural abundance not as a problem but as a "smashing success." As a result of that abundance, he argues, food is cheap in the U.S. Since the late 1940s, retail prices exclusive of food have gone up more than 30%. Over the same span, retail food prices have increased only 13%. This moderate rise in food prices reflected increased processing and distribution costs; prices received by farmers actually declined during the 1950s, and have only slowly inched upward under Freeman (see chart...
...city's news dealers figure with some precision that the absence of 5,700,000 papers a day for more than 15 weeks cost them $11 million. At least 30 blind dealers have been forced to go on relief. Other retail merchants can only guess what the strike cost. The Commerce and Industry Association puts the figure at $25 million, plus another $20 million for restaurants and theaters. Particularly hard hit were the restaurateurs, who said business was off 15%, for a $16 million loss. Department stores lost $6,500,000 in a two-month period alone. Hotels took...
Beyond Manhattan. The losses reached far beyond Manhattan. In Canada newsprint mills figured that a cutback of 214,000 tons of newsprint cost them $28.7 million. The railroads that carry the huge rolls of newsprint south lost $2,400,000. "The strike affected the retailers because they couldn't advertise; it curtailed the wholesalers and worked all the way back to the manufacturers," said Executive Secretary Harry Moser of the Retail Merchants' Association. "It hurt everybody." And there is no way to ease the pain. All of it, said the publishers, is money "that has gone down...
...figures released last week by the American Music Conference, there were 34 million amateur musicians in the U.S., compared with 19 million in 1950 (a 79% increase, compared with a 24% population growth). The number of musical instruments owned increased from 23 million to 39 million, and the 1962 retail dollar volume of instruments, sheet music and accessories sales was $630 million-more than 2½ times what it was in 1950 and more than seven times what it was in 1940. According to the current growth rate, do-it-yourself music (as opposed to records, concert and opera going...