Word: retailing
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Dates: during 1960-1969
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...whatever color or cut it takes, and despite the recent wild trend to leopard, mink is still the most popular of furs: last year's retail sales of mink amounted to $306 million, and 85% of all U.S. fur sales. Says Neiman-Marcus Vice President George Liebes, for the defense: "No fur is so flattering. None can be handled so well, none is to be had in so many colors, none can be so dressed up or dressed down, none can be used so many ways in so many fashions. Mink is in. to stay." In other words...
...lines in the credit department at Montgomery Ward's in Kansas City, and the picture was much the same in other department stores around the country. Consumer installment credit, up $2 billion for the year, swelled to a record total of $45 billion in July and helped lift retail sales to a new peak of $19.7 billion...
...Subsidies. The guiding principle of the N.F.O. is that the U.S. farm mess can be solved only by farmers' taking union-style action, even to the point of striking against the food processors. Staley admits that such strikes, if successful, would raise retail food prices; but he argues that the U.S. taxpayer would find the increase well worth it. Reason: if the farmer were protected by contracts achieved through collective bargaining, there would be no need for the Government to fork out billions of dollars in subsidy payments...
...comes not only from other savings institutions but from a new generation of corporation treasurers who, instead of putting their idle cash into banks, earn more interest on it by buying commercial paper and U.S. Treasury bills. Says Rockefeller: "We in the city banks need a broader base in retail banking...
...simple" dresses of basic style that can be worn more than one season. "Paris sets the trends, but we execute them," says Schwartz. While most Jonathan Logan clothes have junior-sized prices of $14.98 to $29.98, Schwartz also has lines (Butte Knit, Youth Guild, Junior Accent) that retail, after the stores' usual 60% markup...