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Word: takara (lookup in dictionary) (lookup stats)
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Usage:

...seem small when measured against those of the manufacturers of barber chairs. For many years they had a cozy industry; several domestic firms earned a steady profit by selling about 10,000 chairs a year to the U.S.'s 100,000 barbershops. Then in 1957, Osaka's Takara Belmont Co. slipped into the U.S. and began a classic Japanese takeover...

Author: /time Magazine | Title: Japan: The Great Barber-Chair Coup | 8/10/1970 | See Source »

...Takara was so adept at copying that it set some kind of Japanese record for chutzpah. Its first models were almost exact duplicates of the chairs produced by the leading U.S. manufacturer, Chicago's Emil J. Paidar Co. In fact, the parts were interchangeable. Thus, if an arm or footrest broke, Takara's distributors in the U.S. simply picked up replacements from Paidar, eliminating the need for expensive shipping or an even costlier service network...

Author: /time Magazine | Title: Japan: The Great Barber-Chair Coup | 8/10/1970 | See Source »

Hair-Curling Recession. Besides selling its chairs for 20% to 30% less than U.S. models, Takara has since introduced the concept of planned obsolescence. It now brings out new models every 18 months. As a result, its chairs are often more advanced than anything that the competition has to offer. The firm's latest model, which sells in the U.S. for $1,000, is the ultimate in tonsorial cosseting. It has a wrap-around contour shape and a hydraulic system that automatically raises the seat and gingerly lowers the back for massage or hot towel treatments; while the occupant...

Author: /time Magazine | Title: Japan: The Great Barber-Chair Coup | 8/10/1970 | See Source »

...Takara has 70% of the U.S. market and worldwide sales of $25 million. Last year it opened an assembly plant in Somerset, N.J., and acquired the barber-chair subsidiary of Koken Companies, Inc. of St. Louis. Today there is only one large U.S.-owned manufacturer left: Paidar. The company once held 70% of the market, but now it is so troubled that President Nixon has ordered that it be given special Government...

Author: /time Magazine | Title: Japan: The Great Barber-Chair Coup | 8/10/1970 | See Source »

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