Retailing: Not Licked Yet
Throughout the last half of 1966, the high cost of food brought continuing complaints from housewives — and trading stamps came in for a clamorous share of the blame. Despite the com plaints, and the move by some food stores to cancel stamps, the industry it self had a passable year. Summing up, Sperry and Hutchinson Co. President William S. Beinecke last week reported that all trading stamps increased sales 2.1% to $794 million v. 3.2% the year before. S & H, whose Green Stamps make it the largest company in the field with 40% of the business, expects when figures are complete to better 1965 stamp revenues of $330,610,000 and post its 21st consecutive record year.
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