Word: retails
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Dates: during 1960-1969
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Back in the mid-1950s, Bulova Watch Co., the nation's biggest watch producer and importer, found itself whipsawed by its competition. On the one hand, more and more Americans were turning to expensive luxury watches, to the detriment of Bulova's essentially medium-priced (average retail cost: $60) line. On the other hand, the U.S. Time Corp., having found a way to anodize the aluminum cases on cheaper watches to make them resemble gold, was carving out a huge, low-price market with its Timex models. As a result, while the total U.S. market increased...
Despite the space-age image that Houston seeks to convey, a group of businessmen has hired shotgun squads to protect their retail establishments from the holdup men-called hijackers in Texas-who have been terrorizing the town. The need was obvious. There was an average of 190 armed robberies a month last year. During the first four months of 1967, the figure leaped to 290. The police department, starved for funds by a penurious local government, has been of little help. Other cities of 1,000,000 or more have an average police-citizenry ratio of about...
...stick a gun in their bellies." Desperate, Robertson last month contracted with the Clyde Wilson detective agency to supply a posse of private guards toting twelve-gauge shotguns loaded with No. 1 buckshot. Two other dry cleaning-laundry chains bought into the arrangement, and six additional businesses with retail branches requested the same protection when enough men could be recruited. For his manpower, Wilson relied primarily on off-duty city policemen...
...joining a hastily formed committee of Racine citizens in buying up its own shares in the market. Sharon Steel Corp. boosted its annual dividend from 60? to 80? a share to help fend off a tender offer by Honolulu Industrialist George W. Murphy. Julius Garfinckel & Co., the Washington-based retail chain that controls Manhattan's Brooks Bros., last year rebuffed a tender takeover attempt by Genesco, Maxey Jarman's shoe-and-clothing combine, after two court fights and a bitter exchange of public recriminations. Most often, the best defense is to reach for a friendlier hand. Battling...
...that Watney-Mann's 1966 performance was small beer: profits slipped by $2.4 million, to $20.2 million. The government's severe deflationary measures did much of the damage. Among other things, Britain's brewers were hit from one side with a 10% surtax on the retail price of their beer, which has already been taxed at about...