Word: retail
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Dates: during 1950-1959
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...year downtown project drastically upgrading 96 blighted acres off New Haven's historic Green. Private investors, including Manhattan Real-Estate Broker Roger Stevens (whose past deals included the purchase of the Empire State Building), will replace century-old structures with a glistening, 18-story hotel-office building, new retail stores and office space. The Federal Government has earmarked $39 million for land purchases and clearance. Out of the city funds will come $7,000,000 for parking facilities (3,200 autos) to lure suburban shoppers. Says Lee, whose coup inspired envious comment in other Connecticut cities: "We are reversing...
...conditioner operating on ordinary 7½-ampere, 115-volt house current was brought out by Fedders-Quigan Corp. Previously, models over ¼ h.p. usually required special wiring. The new air conditioner, which can be plugged in anywhere in most homes, has 35% more cooling power than ¾-h.p. model. Retail price...
...price of clothing went down a bit, but just about everything else, from food to laundry soap, went up. And so that restless thermometer of inflation, the Bureau of Labor Statistics' retail price index, crept higher again in April. It was the eighth monthly rise in a row, bringing the index to a record high of 119.3 (the 1947-49 average = 100). The new mark was .4 above the March figure and a notable 4.7 above early 1956, when the index, after three steady years, started edging upward. Forecast for May: higher...
...February. Inventories were up only $200 million compared to an average monthly rise of $550 million in 1956. Spending on new construction hit a record high for the first quarter, and the Government calculated that business outlays for 1957 will reach $37.5 billion, or 6% above 1956. March retail sales were 4% above last year, and the first surge of Easter buying pushed last fortnight's nationwide sales up 9% over last year...
...week. The Department of Commerce reported that personal income reached a record annual rate of $336.7 billion in February, forecast even fatter pay envelopes ahead for the nation's workers. Starting off the seasonal spring rise, employment rose to 63,865,000 to set a record for March. Retail sales were holding firm, and production was expected to hold its record 1956 pace...