Word: retailing
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...city was one-quarter slum, another quarter near-slum, and no new office building had been put up in 25 years. The municipal budget was deep ($4,200,000) in the red. Downtown traffic was chaotic, industry was pulling out, property values and business activity were dropping; e.g., city retail sales, up almost everywhere else, were down 10% from 1948. Said a St. Louis cabbie of that dismal time, 1953: "This city was dying...
...March 1st and sales 8% fewer in the first 20 days of March than in 1956, the industry cut April-June production schedules 11.1% below the first quarter, 6.5% more than originally intended. About the only encouraging harbinger came from Ward's Reports, which noted that retail auto sales in the second ten days of March jumped 20% over the first ten days, leading automen to hope that April will bring the big upturn everyone has been waiting...
...sales totaled $1,045,767,458, up 7.8% for the year, and earnings edged forward to $35,844,479. Later in the week Barr and his management team showed one of the reasons why. In Portsmouth, Ohio, they snipped the ribbons on Ward's first new retail store in the U.S. since 1941. It is a modern, $1,500,000, four-story affair, alive with the new-fangled customer conveniences alien to Ward's old-fashioned approach of yesteryear-Muzak, air conditioning, gleaming counter displays...
...officers; he gave them a stock option plan as incentive, equipped them with real, independent authority and then set to work on a new-look for the company. In quick succession, Barr formed a new department to pump life into merchandising and displays at Ward's 562 retail stores, expanded Ward's advertising-and-promotion staff, started pushing sales on credit and Ward's own private brands of paint, bicycles, fishing gear, etc. Working with the fat cash reserves piled up by penny-pinching, expansion-shy Chairman Avery ($21.8 million in cash, $176 million in securities), Barr...
...PRICES, now at a 15-year low for this time of year because of record production and lessened demand, will stay down through summer, then turn up because farmers are buying fewer replacement chicks. Retail prices last week for a dozen large grade A eggs were as low as 47^ in Chicago, 45?-in New York, 41? in Los Angeles...