Word: retailing
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Dates: during 1950-1959
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...coupons comes a neatly typed, individual itinerary that plots each move and ticks off every landmark, e.g., the Leaning Tower of Pisa is 13 feet off center because of the "unequal setting of the foundation." The FIT customer pays up to 25% for extra services over and above the retail cost of hotel rooms and travel tickets, though the ordinary tourists pays nothing extra for hotel bookings an rail tickets. "The company gets a wholesale commission from the carriers and hotels.) Recent FITs: Marlene Dietrich, Cardinal Spellman, Perle Mesta (for whom American express helped arrange a trip to Moscow...
Although auto output, the major soft spot in the economy, continued to sink, the industry was actually doing better than it seemed. For while production was down 20% in the first three months under '55's first quarter, retail car sales were down only 5%. The industry was now underproducing for the market, where last year it was overproducing. At midweek in Detroit, while some companies were still laying off employees, Plymouth recalled 2,400 workers...
What worries economists far more than what they know about current inventories is what they do not know. The basic monthly figures collected by the Commerce Department report the "book value" of inventories, i.e., at current prices, in manufacturing and in wholesale and retail establishments...
...month; some 30 days later another report, this time with revised figures from 2,500 firms (about 50%) is released, while the only complete report covering 4,000 companies (70%) is issued once a year. Though manufacturers' reports are usually accurate, the inventory figures from wholesale and retail sources are so poor that even the Commerce Department itself advises against using them to spot overall trends...
MONTGOMERY WARD, which has been busy modernizing its old stores since President John A. Barr took over from Sewell Avery last May, is now planning to build new retail stores, the first in 15 years. Barr has already spent $86 million to brighten the chain's 566 retail outlets and add 33 mail order offices, succeeded last year in reversing Ward's four year sales slump. 1955 sales: $970 million...