Word: retailing
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Dates: during 1940-1949
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...these ifs and buts combine to reduce final quarter earnings well below 1942's inflated December period, earnings for the full year may be no higher than last year's. This would be no great shakes, considering that production is up almost 20%, retail sales 12%. Up to now, most U.S. corporations have adopted this cautious view-at least toward their stockholders. According to a New York Stock Exchange study of the nine-month dividend records of 842 listed stocks, 135 paid more than last year, 369 paid the same, 145 paid less (or nothing...
Carstairs Bros. Distilling Co. last week released a handsome brochure on how to stay in the retail liquor business though short of whiskey. Its "practical pointers from smart retailers" may give the average U.S. barkeeper or liquor dealer a lift. But for the average, about-to-be-parched whiskey-bibber (see above), Carstairs cautions sounded like an awful letdown. Sample pointers, based on actual experience...
...gone on for more than four years now, with its incessant news of legalized wholesale slaughter. These repeated shocks of horror eventually numb the mind. . . . Murder at retail, however . . . is something else again. Anybody can comprehend a crime of passion or cupidity or both, and most people are fascinated. . . . We don't see what anybody can do about it. Or should...
...cost chains. By OPA's own admission, women's coats & suits that wholesaled for $6.75 in 1942 now sell for $8.75; $1.37½ rayon dresses are now $2.25, etc. One big Manhattan chain surveyed the fall market last week, found that whereas 108 manufacturers made coats to retail at $7.98 in the spring of 1942, there are none today; 128 made rayon dresses to retail at $1.98-$2.98 v. eight this fall...
...margin fits OPA definitions. He can : 1) drop his low-priced lines and concentrate on the higher ones; or 2) if he has no higher ones, he can go out of business on his old lines, open up as a new company the next day. So can any shoestring retail er. The department or specialty store with many price lines is also unaffected : it can just drop the unprofitable low ones...