Word: retailing
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Dates: during 1950-1959
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...Meek, formerly a small-town merchant, is a well-combed, practical Midwestern businessman. He organized the Illinois Federation of Retail Associations in 1935, has been its president ever since. As such, he lobbies for his association's 60,000 retailer members, and is proud of it. Helping the cause of the small businessman, he believes, is the best way to promote long-term prosperity in the U.S. His favorite label for himself: "Mr. Retail...
...will try to use: the condition of the U.S. economy. Paul Douglas has been crying that the U.S. may be heading for a depression, has made the main issue of his campaign "the restoration of prosperity and substantially full employment." If the economy turns solidly upward before November, Mr. Retail will be able to saw off the Professor's self-made economic limb...
Even if the current upturn in auto output, housing, retail sales and other fields should prove to be no more than a seasonal spurt, the Administration would find public works no fast-working wonder drug. In the Big Depression, it took 18 months after the start of the Government's public-works program to get the first 100,000 men on the payroll. Even by 1939, when public-works outlays of $3 billion equaled about 3% of the gross national product, there were still 9,500,000 unemployed. Public works equaling 3% of today's national product would...
...trouble spot was retail sales. After holding fairly steady during January, sales began to slip. The March totals dropped 2% below February and 5% below March 1953. Mail-order houses announced gloomy figures. Sears, Roebuck sales were down 12.2% from last year and Montgomery Ward was off 22.8% for the month and 19.4% for both February and March. Retailers explained that mailorder catalogue prices were rigid compared to department stores, said people were beginning to shop around for bargains...
...since 1924, has just brought out a radical new model to meet increasing competition. Called the "M," the new camera has interchangeable bayonet lenses (instead of the usual screw-mounted type), a detachable automatic light meter, and a combination viewer and range finder that adjusts automatically for all lenses. Retail price...