Word: retailing
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Dates: during 1950-1959
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...first rise since 1937. The Chase National Bank also boosted its rates. Prices started to edge up for a growing number of basic materials-steel pipe, cement, nickel, platinum, shellac, plumbing fixtures-and increases loomed for dinnerware, pots and pans, drapes, rugs, toys, refrigerators, washing machines. Retailers, trying to hold the price line, warned that unless the pressure eases, they will have to give way and also boost retail prices...
SHOE PRICES are going up. St. Louis' International Shoe Co., biggest U.S. shoemaker (1954 sales: $246.8 million), will boost wholesale prices as much as 5% because of rising labor and material costs, consumer demand for more varied styles. Other big manufacturers will soon follow suit, increasing retail prices as much as $1 per pair...
MEAT PRICES WILL DROP this winter. Record slaughters and recent drops in wholesale hog prices have cut the retail price of pork chops by 6%, loin roast by 10%, bacon 2%, ham 5%, with more reductions in prospect straight through until next March. Beef prices, which have been rising, will follow the trend, are expected to start dropping next month...
Does Fair Trade bring higher or lower prices? Last week, after a year-long study of the question, University of Chicago Economist Ward S. Bowman Jr. reported that Fair Trade tends to raise retail prices. As part of his research, Bowman picked a typical product, toothpaste, and 'checked retail prices all over the nation. Conclusion: in the 40 states that have Fair Trade laws, toothpaste costs 2% more than in free-trading states...
...biggest unsolved problem of all is the growing spread between the price of food on the farm and at retail stores. For many farm products, spiraling distribution costs have kept retail prices high regardless of the drop in farm prices. Thus a fall in farm prices has not usually brought a drop in retail prices and an increase in consumption to use up the surplus...