Word: retailing
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...Perkins scheme: farmers who wish to plant less than their 1941 AAA acreage allotments will receive a bonus of stamps, good for cotton products at any retail store. The bonus: $25 in stamps for each acre voluntarily put out of production. Estimated cost of the scheme: $50,000,000. By cutting production and upping consumption in one stroke, the plan would attack King Cotton's trouble from both ends, put the two more nearly into balance...
...idea was older than that. When William Orville Douglas was chairman of SEC and Jerome Frank was his running mate, the U. S. economy was stagnating for want of new capital investment. The investment bankers, having no capital to speak of, were taking only seasoned issues they could retail at once. Douglas and Frank figured that the diversified investment trusts, with upwards of $1,000,000,000 in resources, ought to use some of these resources in the job of unfreezing idle money for productive enterprise. When SEC got its investment trust law through Congress last year, this idea became...
Director Mack had got cooperation that was worthwhile. Nash-Kelvinator shaved the price on 25,000 electric refrigerators to $52 each (retail price $105). A medicine cabinetmaker knocked down his wholesale price from $5 to $2. Another Midwestern manufacturer, after quoting rock bottom on about 30,000 bath tubs, confided: "But you can save $2 a tub if you buy the fittings from the same people we buy them from." So Mack bought "stripped" tubs, got fittings for them from the cheaper source. Savings: almost $60,000 on tubs alone. Said Director Mack, pleased as Punch...
Sears and Ward were able to lower their retail prices in the face of higher wholesale prices because they began covering their needs through the first half of 1941 before price rises started. All through 1940's second half, they had manufacturers rushing delivery on the long-range orders they had placed at bargain prices. Meanwhile, department stores, who mainly had had less foresight, had to pay spot prices for rush orders in rising markets, and raise their own prices. The next question is whether Sears and Ward will have to raise their prices as they reorder...
...spite of this, retail prices rose about 1% in 1940's first half. Main retail advances: bread (1? a loaf in northern cities) and woolen and silk apparel. Offsetting this over-all rise, home furnishing prices fell 2½% (paced by a 10% to 15% decline in refrigerators...