Word: retail
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Dates: during 1950-1959
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...reduced them from $1.5 billion at the end of 1956 to $875 million last month (or to $270 million, excluding frozen, debts and import contracts still to be paid). In addition, home-front inflation has hiked the cost of living nine points since 1953, with a 5.2% rise in retail prices alone since last year...
...importers' funds. As a result, imports dropped an average $25 million monthly, were actually slightly behind currency-earning exports for the month of October. Moreover, inflation at home lost some of its steam. With the squeezing of bank loans, commodity traders were forced to unload their goods, and retail prices stopped climbing...
...Those who looked beyond the car loadings could find considerable encouraging news. Retail trade is still at a higher level than in 1956, while personal income continues at a rate of $346.5 billion, $15.4 billion higher than last year. Detroit's automakers built 129,170 cars last week, the most since June and nearly 10% more than during the same week last year. And strong earnings reports kept rolling in from dozens of big and little companies. In electronics and appliances, General Electric, Motorola, Westinghouse, all had better nine-month earnings than last year. Oil companies such as Cities...
...RETAIL SALES for 1957 will run up a 3% to 5% gain over 1956 for a record year, says National Retail Dry Goods Association...
...Leonard David Griffiths, 46, moved up from executive vice president to president of Fanny Farmer Candy Shops, which claims to be the largest U.S. retail manufacturer of candy. He succeeds James Francis Burke, 54, who replaces retiring Chairman John D. Hayes, company cofounder. A family man (four children) who spends his spare time gardening, President Griffiths joined Fanny Farmer in 1936 as an assistant manager, became a vice president...