Word: retailing
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Dates: during 1960-1969
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...Treasurer I. W. Abel. "For one thing, adventures in speculative stock purchase might give the enemies of labor a chance to attack the union's tax-free status." Probably a greater fear among most unions is voiced by Joseph T. De Silva, Los Angeles local secretary of the Retail Clerks: "These funds are even going to own some corporations before long. When that happens, the traditional union-management rivalry will exist only in negotiations." While businessmen once worried about the prospect of the wealthy unions buying in and dictating to management, some union leaders feel that investments in common...
...marketplace at Leeds, Yorkshire and began selling needles, thread, thimbles, etc. for a penny each, he refused to keep any paper records. Now, 75 years later, his penny bazaars, under his son, Sir Simon Marks, have grown into Marks & Spencer (237 stores), Britain's most prosperous retail chain, with annual sales of $420 million. Despite the chain's size, Sir Simon last week was in the middle of a retailing experiment to see if he could do as his father did-run his vast enterprise largely without written records...
...necked corn). But it had little success in bucking the ingrained habits of shine drinkers, who like to drink out of Mason jars, the South's traditional moonshine container. After dickering with the Treasury, Viking got permission last month to put its corn likker into Mason-jar fifths (retail price: $3.50 to $4.50, depending on the state, v. about $4 for a quart jar of moonshine), has watched its sales suddenly jump. Last week Georgia Moon was selling in 20 states. "It shows," says Viking General Manager Sidney Witlen, "that in a business where 85% of the output comes...
...stopped growing, but the growth is uneven. The burgeoning electronics industry has shot from $2.6 billion in sales in 1950 to $9.8 billion today, now employs 677,000 workers where it employed only 350,700 in 1950. The chemical industry now employs 28% more workers than in 1950, retail stores 20% more, banks and trust companies 55% more. With U.S. total spending on recreation up 66% since 1950, leisure industries from boating to bowling are fast expanding...
...year ago. Moreover, business inventories in the fourth quarter were estimated to be dropping at an annual rate of $4 billion, v. an $11.4 billion rate of increase in the first quarter. The economy was kept steady by increasing demand. Led by good auto sales in October and November, retail sales held up in the quarter. Plant and equipment spending was steady and Government spending...