Word: retailing
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Dates: during 1940-1949
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...Commercial banks and sales-finance companies held $1,890,000,000 in retail installment paper (mostly purchased from retailers) at 1939's end. Since 1934 banks have increasingly entered the sales-finance field, by 1940 had upped their percentage of the total to 28.6%. In California, Minnesota, Nevada, New Mexico, Virginia and Wyoming, holdings of sales-finance companies and banks are practically identical in amount. Reasons: 1) more liberal State banking laws, 2) branch banking, 3) less conservative attitude of the bankers...
...little concern with the war. It was a "preview" of 1940's census results (TIME, Sept. 30) by Vergil D. Reed, assistant director and bright idea man of the Census Bureau. He i) smartly summed up the effect of population shifts on distribution, 2) described the trends in retail sales (mostly up), 3) brought out facts from the first complete nose count of U. S. time-sales companies. Sample Census Bureau findings...
...Retail stores which have had "striking" increases in number and sales since 1935: food stores, variety stores, filling stations, eating and drinking places, drugstores...
...Retail stores "which are definitely declining in sales importance": cigar stores, newsdealers, country general stores...
...retail sales, one third (about $13,000,000,000 worth) are made on credit...