Word: retailing
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Dates: during 1940-1949
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Good Old Himmelfarber. What comes of it all? Says Morton: "The college fraternity is highly regarded by manufacturing and retail jewelers, dealers in seed pearls and chip diamonds, and, naturally, by the ketchup industry. [But] the principal beneficiary [is] the executive secretary ... of the national fraternity itself. It's a life job, and because no one really knows how [he] got it, there is no ready way of getting rid of him . . . [His] entire life is spent in confecting doleful yet enthusiastic appeals for funds...
Strong Facts. Federally inspected meat accounts for about 75% of the meat the U.S. housewife buys. But the meat business is difficult to control. Each day the packers through retail stores deal with millions of customers. In the stockyards, even though they are the most powerful bidders, they still deal with thousands of livestock growers whose readiness to market their animals is the most important factor in determining meat prices from day to day. Throughout the U.S. the Big Four get lively local competition from some 3,000 smaller packers. The independents during last spring's meat workers...
...Retail Record. U.S. retail sales are running at an annual rate of $127 billion, almost 12% higher than 1947, the National Industrial Conference Board reported. If the rate is maintained, said N.I.C.B., 1948 sales will exceed 1929-the prewar peak-by more than 250%, while prices are only 40% higher than...
After the summer lull, retail sales had picked up sharply and U.S. department store sales last week showed a 16% gain over the same week last year. This was partly due to an extra shopping day this year. But it was also due to the enormous demand kept up by industrial employment, which is still on the rise. It reached a record of 52,801,000 in August, some 350,000 above the previous month. (But total employment fell because of the seasonal midsummer slack on farms.) In the face of all this, it looked as if the U.S. could...
Like other publishers, Simon & Schuster has tried to make up its losses by heavy spending to plug bestsellers. It found this policy a risky business. On Gentleman's Agreement, it allotted 13% of the retail price to advertising, and lost $700 on the first 100,000 copies. The second 100,000 finally put Gentleman's Agreement into the black...