Word: retailing
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Dates: during 1950-1959
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Asked a Wall Street wag: "Did you hear about the lucky Texas oilman? He was drilling on his property and struck coffee." Last week General Foods Corp. (Maxwell House) and Standard Brands Inc. (Chase & Sanborn) each boosted the wholesale price of coffee again (to $1.11 a lb.), and new retail rises of 3? to 10? were on the way. People were getting used to gyrations of the jumping coffee bean...
...growth of suburbia has changed the pattern of U.S. retail trade so much that only a relatively few new stores have gone up in the center of big cities in recent years. Even the old, established stores are feeling the competition from the suburbs. In Boston, retail trade increased 275% faster in the suburbs than in the city in the last two decades, while in Detroit, the J. L. Hudson Co. expects to lose fully 15% of its business to its new store in its suburban shopping center. To combat such losses, downtown businessmen are offering special lures to shoppers...
...February, said the Commerce Department, construction outlays were at a new high for the month ($2.3 billion), and so far this year were running 2% ahead of 1953. Retail sales were also holding up well. General Electric, for example, reported that its sales of small appliances were 25% above last year's level. Personal income in January (at $282 billion) was $2 billion ahead of January 1953. There was no doubt that people had money to spare. Savings bond purchases totaled $422 million last month, the best February showing since...
BLACK & white TV picture is brightening a bit after all the gloom over color television. Retail sales are climbing back to normal, and some dealers are even running short on popular models. Westinghouse upped its January production 11%, and Admiral boosted February production schedules 45% to 50% over the first-of-the-year estimates...
...plant in the arms of G.I.s after the company was seized by the Government. Last week in Chicago, as an aftermath of that fight, Municipal Judge Joseph B. Hermes ordered the company to pay $250,000 in injunction damages to the C.I.O. United Mail Order, Warehouse & Retail Employees, plus $77,000 in lawyers' fees. It was the largest such award ever made...