Word: retailing
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Dates: during 1960-1969
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Steels, oils, food processors, retail chains are all hammered. Only 170 stocks rise, while 1,004 fall and 695 strike new lows...
Mitarai is capable of odd business gestures. Last year, after dominating Japan's high-priced camera market (85% of sales), Canon moved into the medium-priced field with the sleek 35-mm. Canonet (U.S. retail price: $112). So good was the Canonet that competitors petitioned the Japanese government to bar it from the market on the ground that it would drive them out of business. The government refused, but Mitarai generously volunteered to hold up the introduction of the Canonet for five months until other firms could improve their own models. Even so, the Canonet has become Japan...
Five years ago a breezy Michigander named Elton Forbes MacDonald sold out his one-third interest in a retail trading-stamp company called Top Value Enterprises in the belief that the trading stamp fad had about run out. Last week, with a broad grin, "Mac" MacDonald, 61, admitted that he had been dead wrong. He could afford to grin, because today his E.F. MacDonald Co. is the nation's fastest growing supplier of trading stamps and stamp premiums...
...Green stamps) admits that a retailer must increase his sales by about 12% to make stamps pay. If he can't, says S. & H., "he would be better off to use some other type of promotion." His customers would doubtless be better off too. But an estimated 75% of U.S. families now save the stamps offered by 225,000 retail outlets...
Scarcely had Erhard delivered his message when six German automobile manufacturers, led by Volkswagen, increased their retail price from $60 to $97 per car. With Kennedy-like rage, Erhard denounced the price rise as "irresponsible" and summoned top automakers to his office for what Germans like to call "soul massage." At first it appeared that Erhard had won the day. Shaken by his assault, Volkswagen's board of directors recommended that the price increase be abandoned-and whatever Volkswagen did, the other automakers could be expected to follow...