Word: retailers
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Dates: during 1960-1969
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Cutbacks & Layoffs. As it often does, inflation gave the ailing economy a deceptive look of health. Last year the value of industrial production rose 16%, investment 29% and retail sales 22%, partly because consumers scrambled to convert their depreciating cash into durable goods. There has also been a burst of new building in Belgrade...
...their flair for promotional showmanship and their insistence that their stores mark prices low enough to ensure fast turnover (the new Rome store's expected gross this year: $5,000,000). After only a year, Minimax is well on its way to becoming one of the largest retail food chains in Europe. The Brandon brothers plan eventually to spread north to the even more lucrative markets of France and West Germany...
Legal Lockouts. In two other cases, though, the court sharply rapped the NLRB for ruling that lockouts give employers "too much power." The court went far toward holding that lockouts are illegal only if designed for union busting-a point partly illustrated by the case of five retail grocers who bargained together against their clerks' union in Carlsbad...
...people work on the average pair of shoes. In the last few years, however, mergers and some failures have reduced the numbers of producers by 10%, and the few big manufacturers -International, Brown, Endicott Johnson, Genesco and U.S. Shoe-have expanded their share of the market by opening more retail outlets in discount houses and department stores...
...American Stock Exchange, last week reported a statistical study that shows that consumers are inexorably controlled by the weather in their buying habits. Statisticians found that every degree of temperature below normal on any day in spring, and every degree above normal on any day in fall, will cause retail sales to fall off exactly 1%. Furthermore, they reported, every one-tenth inch of rain that falls between 7 a.m. and 11 a.m. on any day inevitably depresses sales...