Word: retailing
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Dates: during 1950-1959
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...annual rate of $9 billion-may be over. The Commerce Department reported that while there was "no clear evidence that inventory liquidation is slowing," sales and production have steadied. The history of previous recessions shows that once sales steady, inventory liquidation comes to an end (see chart). Wholesale and retail sales moved ahead in April, are expected to show a slight drop for May. If they hold steady for a few months, economists hope that the cut in inventories will...
...buildup is likely to be slow and cautious. For some time businessmen have tended toward lower inventories because heavy inventories are expensive and improved transportation and increased industrial capacity have made materials easy to get. Many retail stores are ordering smaller quantities more often, getting by with a 30-day or 60-day supply instead of the 90-day supply they might have carried a few years ago. Manufacturers are doing the same. Steel customers are buying more of their steel from warehouses instead of directly from the mills, even though prices are as much as 30% higher, because...
...self-critical mood, 30,000 furniture makers and dealers swarmed into Chicago for their annual summer show last week and gave out some sad statistics. Retail furniture sales sagged 4% last year to an estimated $3.7 billion, are down another 10% so far in 1958. This year the average U.S. family will spend less than $62 on furniture, and 83% of all families will buy no major piece of furniture...
...market is cluttered with so many different styles that the homemakers often do not know what to buy. On the production level, there are some 4,000 different manufacturers, each with styles of his own. On the retail level, complains Executive Vice President Jim Best of the Southern Retail Furniture Association, there are many fast-buck artists who high-pressure consumers into buying furniture that does not suit their taste. Says Best: "The American housewife has lost her confidence in all but a few established furniture dealers. But she is still so confused with the wide choice that she often...
...other times some of Mrs. Adams' oil paintings. But newsmen were more interested in a rumor (it was true) that Goldfine bought the Adamses a $2,400 Oriental rug from Macy's, and had a tailor make Adams a vicuna coat worth at least $500 retail (wholesale cost to Goldfine: about...