Word: retailers
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Dates: during 1960-1969
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...Platt, vice president and director of Tiffany's and the man who gave Tanzanite its name, the potential market for the stone is huge. It is hardly diminished by the fact that Tanzanites, because they are softer and somewhat less refractive than sapphires, are also less expensive: they retail for a maximum of $400 a carat, compared with as much as $2,500 a carat for top-quality Burmese or Kashmirian sapphires. Tiffany's, which now has some 60 Tanzanites in its vault, currently is the only U.S. jeweler with any substantial supply. Most of the gems...
...York City detectives, under the auspices of the First National City Bank, conducted a fraud clinic to acquaint merchants with ways of cutting their losses. Similar campaigns have been launched by retail associations from Georgia to Texas. Chicago retailers have urged the courts to take a tougher stand against shoplifters, asking for higher bond, fewer continuances and stiffer fines and sentences. Penalties already run as high as $10,000 and ten years in jail, but teen-age first offenders often get off with merely a reprimand...
...world's known reserves, and ranks third on FORTUNE'S list of the 200 biggest non-U.S. companies. Yet B.P. has never won any stars for marketing. Unlike its international rivals, the U.S. majors and Royal Dutch/Shell, it does not have a retail network big enough to even begin to sell its output, of which 85% comes from high-cost Middle East fields. As a result, B.P. has been forced to rely on sales of crude oil and pass up the more lucrative marketing of refined products. The U.S. stations, which will take...
...cooling off the economy. As one piece of evidence that the tax is finally working, the Federal Reserve Board reported last week that the U.S. money supply grew by only 4.5% during the third quarter, barely half as fast as the quarter before. Also, the Commerce Department reported that retail sales declined in October for the second straight month...
...unions. However, in these areas the Coop's record is remarkably good. For instance, between July 1967 and April 1968, the Coop ran five training programs for 75 disadvantaged youths recruited through ABCD at a cost of twenty thousand dollars. The Coop pays wages competitively with the other retail stores in the area. Contrary to the opposition's claims, no employee earns under the minimum wage of $1.60 per hour, while the average employee wage is $1.95 per hour. In addition, employees get liberal fringe benefits, including a 20 per cent discount on merchandise for the first year and, thereafter...