Word: stores
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Dates: during 1950-1959
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Department store heads blame high initial salaries offered by more mechanized industries for luring away college graduates who, they feel, would do far better in the merchandising field in the long...
Under the two pyramid system in effect since the stores reached the department, stage in the info 1800's the buyer is completely separate from any selling responsibilities. All sales and store operations are handled by the management division. But under the increasingly popular department manager system, the buyer takes on all the duties of a small store owner...
Most men, however, spurred on by early assistant buyer openings, enter departmental store buying, then branch out after gaining experience. The department stores concentrate on instilling a comprehensive knowledge of merchandising in its junior executives, making a rapid rise in any branch of the field...
...advertising, and detailed record keeping; retail trade is now trying t catch up. Executives expect the next large improvement to come in the application of electronics to the industry. Rapid expansion to the country and suburban areas is proving all the while the necessity for having top men in store management and control, as well as in buying and selling. Expansion, of course, means more demand for college graduates to fill additional posts...
Opening in personnel, control, finance, management, and advertising are filled from the same training group that supplies a store with its assistant buyers, depending on individual talents...