Word: retail
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Dates: during 1960-1969
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...uneasy hunch that for a while yet U.S. prosperity would be a kind of austere affluence. In a panel discussion of the business outlook sponsored by the First National Bank of Chicago, President Ralph Lazarus of Federated Department Stores predicted that steadily rising personal income would continue to improve retail sales, but added: "We foresee substantial growth, but not a sharp, runaway boom." President Robert S. Ingersoll of Borg-Warner Corp. looked for only a "gradual and minimal" upturn in durable goods. And Chairman James Price of National Homes Corp. wrapped his gloom in jargon: "Commercial construction, in our opinion...
...salesman: "Yes, I see how lovely it looks on the rack. You can just leave it there." At Alper-Schwartz she examined a pale green brocade: "That's a good mother-of-the-bride." At Ceil Chapman, she picked up a beaded taupe silk chiffon sheath (retail price: $395). At Estévez, she bought a few items that the trade describes as "church-and-drinking dresses"-they can go anywhere. "Air conditioning has changed the picture," said Opal, as she examined some woolens. "Used to be you couldn't buy a good, even slightly heavy wool...
Quick Shift. Inventory, another major indicator of business sentiment, is showing stronger signs of improvement. In the first quarter of 1961, overall business inventories (including retail inventories) were being cut at an annual rate of $4.5 billion. Estimates for the second quarter indicate that the annual rate of inventory reduction may have been cut to $1 billion or even less. After a seven-month decline, manufacturers' inventories rose about $100 million in April-a sign that inventories now react more quickly than before to changes in the economic climate. In past recessions, an upturn in manufacturers' inventories...
...M.I.T. student was quite upset two years ago when he was not allowed to purchase several exam books retail. When he could not explain why he wanted them, he left the factory disgruntled...
...Strength of Size. As the African states have emerged to independence, United Africa has actively sought ways to cooperate with their new nationalism. To avoid charges that it smothers native enterprise, the company has begun to cut back on its retail operations and expand its role as a wholesale supplier to African retailers. Getting in on the drive toward local industrialization, United Africa has invested, almost always as a minority stockholder, in African plants producing everything from cement to cosmetics. In Ghana, when the government decided to take over the buying and selling of palm products, United Africa willingly gave...