Retailing: the Consumer and the future;

              A>'T" 'WirTTJTE OF
RETAILING:
The Consumer
and
the Future
This issue of TEMPO is dedicated to retailing, an industry with
which Touche Ross has been closely associated.
Retailing plays a vital role in the nation's economy.
It provides goods and services to consumers through a wide
variety of outlets, including department and specialty
stores, supermarkets, mass merchandisers, chain stores,
warehouse operations, and catalog showrooms.
Over the years, our firm has worked closely with
familiar retailing names whose successes chronicle the history
of the industry: Sears, Macy's, Gimbels, Lord & Taylor,
Bullock's, Pathmark, Jordan Marsh, 7-11 Stores, Jewel, Pamida,
H. C. Prange, Zale Jewelry, Bloomingdale's, Denver Dry
Goods, Modern Merchandising, Big K, and many others.
In these relationships, some of which date back to the early
days of Touche, Niven and other predecessor firms, Touche
Ross was represented by many men, such as the late
Bernard J. Cianca, whose knowledge of retailing enabled the
firm to sustain its commitment to the industry. That
commitment is being continued today.
In this special edition, TEMPO talks about some of
the key issues that retailing will face in the coming years:
consumerism, management development, credit practices,
the new technology, industry standardization, and
employee benefits. Basic to TEMPO'S approach is the point
of view of the consumer as well as of the retailer. And
whenever possible, the story of what an evolving industry is
doing to meet these issues is told through the people
directly concerned.
We have seen many changes in retailing during our
long association with this giant industry. By examining
today's problems and tomorrow's opportunities, this edition
of TEMPO will serve not only our clients but their customers
and our own professional staff as well.
MANAGING PARTNER