Word: stainless
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Dates: during 1960-1969
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...After his 22 orbits, Cooper splashed down in the Pacific nearly two years ago, on May 16, 1963-and even the Mercury program is now ancient history. The only landmarks left for the busloads of tourists who roll through the spaceport is a memorial Mercury-type gantry and a stainless-steel monument shaped like the symbol for the planet Mercury ( §) with a "7" in the loop. It stands at the entrance to Pad 14 where Glenn & Co. embarked...
...barber for a shave. This naturally makes Europe highly attractive to the world's razor-blade makers. Throat-cutting competition for the market is raging between Boston-based Gillette Co., world's biggest producer, and Britain's Wilkinson Sword Ltd., whose introduction of the long-lasting stainless-steel blade changed the whole nature of the market (TIME, May 1). Stainless blades now account for almost 70% of British blade sales, 35% of the German market, and are increasing fast in other countries as delighted shavers try them. So far, smaller Wilkinson has been holding its own against...
Badly Nicked. Last week Gillette started distribution in Britain of a new stainless blade that will sell for less than both present Gillette and Wilkinson blades.* Gillette's new Seven O'Clock, which sold under that name in traditional carbon steel, will be 14? less for a five-pack than Gillette's premium Silver stainless or Wilkinson Super Sword-Edge. By bringing out an established name in stainless, Gillette hopes to hold the old Seven O'Clock market while luring away Wilkinson shavers who never tried Gillette's Silver blades. In Germany, Gillette has also...
Gillette needs a breakthrough. Unlike Wilkinson, which makes only stainless blades, Gillette frequently has to fill one pocket from another as customers switch from its carbon blades to its stainless. This shift, along with high promotion costs for the new blades, has badly nicked Gillette profits. From record 1962 earnings ($45.3 million) the company slipped 8% in 1963 despite higher sales, lost another 11.5% last year. Gillette's British subsidiary cut its employee force 5% last summer, discontinued longtime fair-trade prices on blades and hiked retailer discounts to stimulate sales...
...Gillette's more than 100) and quietly slipped into France recently with low-key ads that announced: "Elle est arrivée-the Wilkinson Super Sword." In both France and Italy, Gillette produces lower-priced brands similar to Seven O'Clock that will be converted to stainless if the war heats up. Meanwhile, it receives royalties regularly from Wilkinson, whose blades and bustling business are based on a 1959 Gillette patent ignored until Wilkinson came along...