Word: retail
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Dates: during 1950-1959
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After reading a Commerce Department survey of 35,000 stores, which showed that retail sales for June soared to a record $16.6 billion, some 4% better than the June peak in 1955, a Commerce Department economist said: "The U.S. consumer is not afraid of anything...
Roosevelt Field's 370 acres will have the world's largest shopping center (1.387,000 sq. ft. of retail selling space), an office center (50 acres) and an industrial center (123 acres). More than 1,000,000 sq. ft. of industrial space has already been built and is being used by such firms as American Bosch Arma, Pepsi-Cola Bottling, Sperry Rand Marine Division, Graybar Electric...
...Today the shopping center estimates: 1) a potential market of 1,300,000 (1,600,000 by 1960) inside a ten-mile radius; 2) 37,000 customers for its stores on ordinary shopping days, 57,000 on pre-Christmas peak days; 3) $80 million in gross retail sales its first operating year...
Despite the soft spots, heavy consumer spending was keeping the boom rolling almost as fast as ever. Retail sales for the first five months neared $75 billion, 3.8% above last year. Manufacturers' May sales wrote a new record: $27.8 billion, up 6% over 1955. Manufacturers' new orders stood at $27.7 billion, up from the month before, although May orders usually slack off from April's. People were buying more because they were earning more. Commerce last week disclosed that 1955 family incomes before taxes averaged $5,520. And with the passage last week by Congress...
CANNED FOOD PRICES are heading higher. To meet rising costs, packers forecast a 5% wholesale hike for 1956 pack. Retail rise...