Word: retailing
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Dates: during 1950-1959
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...Retail sales last week were 11% higher than a year ago, and consumers showed no signs of trimming their buying. The Federal Reserve Board reported that there are more people planning to buy cars, furniture and major household appliances this year than there were a year ago. And they expect to pay more for autos but less for other durable goods than last year's buyers. Consumers will spend an average of $2,700 for a new car v. $2,500 a year ago, while 1955's used-car buyers expect...
...retailers the battle can mean plenty of trouble, whoever wins. Last week retail associations were advising their members to get written guarantees from suppliers absolving them from responsibility in any future lawsuits...
...here until I'm six feet under," Sewell Avery once confided to a Montgomery Ward vice president in the dazzling interval of friendship before Board Chairman Avery inevitably fired the veep for "disloyalty." To keep his tight control of the mammoth retail company for 24 years, Avery fired dozens of other executives he suspected of undermining him. Last week the plot that Avery always imagined actually happened. He was forced to resign under pressure of a palace revolution led by a majority of his own board of directors. On hearing the news, Wall Street showed how it felt about...
...year's total will go beyond 1953's alltime record of $365 billion. New orders received by manufacturers were about 20% above the total for the first quarter of last year. House construction was moving at the record pace of 1,400,000 starts a year. Retail sales were the highest for any first quarter on record. While durable goods led the way, the prosperity cut across nearly all lines. Last week the steel industry was operating at 96% of greatly expanded capacity, after reporting firstquarter profits about 70% more than a year ago. (See BUSINESS...
...reached an alltime high of $103.79. Rising paychecks were not being offset by rising prices; the national cost-of-living index has not changed for four months. From their record income, consumers were spending more than ever before, spreading prosperity almost everywhere in the land. In Texas, where retail sales are running about 18% above last year, the University of Texas' Bureau of Business Research reported that retailers did as much business at Easter this year as they did during last year's record Christmas rush...