Word: retailing
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Dates: during 1950-1959
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...facts, as New York Timesman Edwin L. Dale Jr., 33, reported this week: 1) in 1952-55, retail prices of manufactured goods, as well as food prices, declined a bit on the average; 2) the main inflationary factor is not a wage-price spiral so much as the fact that service businesses (mostly small), along with landlords, doctors and dentists, keep pushing up prices of "non-goods"-services, utilities, rents, transportation fares...
...prices," writes Dale. "It appears that both are wide of the mark." Big unions do indeed push wages up, but the boosts have been just about canceled by rises in productivity brought about by use of more and better machines. Corporations do up their prices, but trade-ins and retail discounts partly make up for the list-price increases. As a result, actual retail prices of goods average about the same now as four years ago. Some items are up, e.g., new cars and toilet articles, but others are down, e.g., furniture and toys. But non-goods prices...
...Judson B. Branch, 50, senior vice president of Sears. Roebuck's Allstate Insurance Co., became president, succeeding Calvin Fentress Jr., 49, who moved up to board chairman. Born in Coldwater, Mich., where his family still operates one of Michigan's oldest retail stores, Branch was hired by Allstate for its auto-insurance operation in 1934, has stayed on ever since (except for World War II service as an Army corporal), rising to treasurer, vice president and senior vice president...
WIDER MINIMUM-WAGE coverage is currently No. 1 legislative goal of A.F.L.-C.I.O., will probably be passed by Congress this year. Unions want to extend law to 10 million more Americans (now covered: 24 miliion) to cover most workers for big companies engaged in interstate trade, plus some in retail trade and service, laundry and dry cleaning, communications, taxi business. Next goal: boost minimum wage to $1.25 from $1 an hour...
...declining fish business, which sold its catch in a wildly fluctuating seasonal market. The brothers decided that the way to stabilize was to process and market their fish themselves. They started in 1946 with a 1-lb. frozen package, persuaded A. & P., Safeway and other chains to retail their "4 Fishermen" products, despite their tongue-twisting and somewhat exaggerated slogan, "Frozen Fish Are Fresher Than Fresh Fish." In 1953 they were among the first to produce and market the highly popular fish sticks. Today they lease their own fishing fleet, have packing plants in Maine, Nova Scotia and California...