Word: retailing
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Dates: during 1950-1959
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...ceasefire, however, will certainly hit one soft spot in the economy: retail trade. Merchants who have been depending on a stepped-up arms program to pinch supplies and clear out their overloaded shelves, now will probably be overloaded for months, or, as some say optimistically, "till the pickup in the fall." Retail sales, which have been unimpressive for some time, last week were 2% below 1950. Many prices were due to drop. Last week St. Louis' Brown Shoe Co., Inc., one of the biggest U.S. shoe manufacturers, cut prices 9%, and other shoemakers got in step...
...000th car of the year will roll off U.S. assembly lines, almost matching last year's midyear total. Even with a 48% cut in production scheduled for the last half of 1951, the auto industry will hit the second biggest output in history for the full year. Despite retail price wars, retailers' shelves were still bulging with 29% more goods than last year. Businessmen who had thought that rising arms production would pinch the U.S. consumer by December now thought the pinch might not come for a year-if then...
...Retail druggists...
While some manufacturers stopped sales to price-cutters, the Senate Small Business Committee announced that it would investigate to see if the price war had hurt small businessmen. Actually, it seemed to have hurt few, helped many. In the first week of the price war, New York retail sales had soared 25% above last year-and that included the thousands of merchants who had stayed on the sidelines. Said Secretary-Treasurer George A. Renard of the National Association of Purchasing Agents: "This talk about injury to a competitor is the biggest hoax and hooey . . . Of course, competitors should be injured...
...Federal Trade Commission and Department of Justice are convinced that the Schwegmann decision will mean lower prices for consumers and freer competition among retailers. In all, about 5% of the brand-name merchandise sold in U.S. retail stores is fair-traded...