Word: retailing
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...came from Federal Reserve Chairman William McChesney Martin Jr., who was anxiously watching the zooming expenditures for plant expansion, increasing business inventories, the high levels of mortgage and retail credit-all potential inflationary spots in 1956's economy. Yet, said he, there are still some businessmen clamoring for fewer Government credit controls every time "sales do not exceed expectations or fail to set a record." For 1956 the need was for tighter, not looser reins on inflation through the FRB's checks on bank reserves and interest rates. Said Martin: "If it were possible to have good times...
...Retail sales, perhaps the most sensitive barometer of general prosperity, were 6.5% ahead of last year going into December, and near sellouts of Christmas goods were reported from almost every Canadian center. A little more than half the sales were for cash; the rest were bought on credit. But buyers and sellers alike had the confident word of C.D. Howe that work and money would be available to pay the bills later. "Canada's present growth is perhaps more solidly based than at any previous time in the postwar period," said Howe. "Indications seem to point to the continuation...
...Unable to advertise spot items, used-car dealers reported a steep drop in business. Christmas trade was brisk in retail shops, but many stores fell below last year's figures or barely matched them...
Political Career: Ran unsuccessfully for Parliament in 1935. When World War II began, entered government service. At the Board of Trade under Hugh Dalton, he rationed Britain's coal, regulated its retail prices. At war's end, despite a coronary thrombosis which prevented him from campaigning, was elected to Parliament with a 10,000-vote majority...
Sheaffer Pen Co. gave up its long fight for price fixing, announced that it would sell to certain "large-volume retail outlets," i.e., discount houses. To police its prices, Sheaffer spent $2 million over the past two years and lopped off some 700 dealers...