Word: retailing
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Dates: during 1950-1959
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Chrysler's President L. L. Colbert told stockholders that first-quarter earnings exceeded the $1.30 per share reported in the company's best and final quarter last year. Chrysler's retail sales from April 10 to April 20 were the highest in the past 17 months. Colbert said "considerable improvement" in earnings can be expected in the second quarter, when Chrysler plans to boost production to 300,000 cars and trucks, 40% above the first quarter...
This year and next, Ward's will build 30 retail department stores, about 85 catalogue stores, four distribution centers. By the end of 1963, it will add a total of 90 new retail stores, 205 new catalogue stores, ten new distribution centers. Gearing for the expansion, Ward's boosted Executive Vice President Paul M. Hammaker, 56, to president; Chairman Barr gave up the presidency, remains chief executive...
...Retail sales in March rose to an alltime high for any month. Particular gains were chalked up in durable goods, with sales up 18% from a year ago. Estimates for March sales: more than $17.6 billion...
...Macy's, it announced that it had kept strictly within the $5,000 retail limit for furniture set by the U.S. Information Agency. It offered to let one of the awestruck Tassmen come in and buy the same thing for $5,000-after first comparing prices at Gimbels, of course...
...plan not only run 50% higher than on personal loans, but that it has helped boost personal loan business 40% by popularizing credit. Said Hassinger: "Don't be surprised if this plan does ultimately displace most everything but the open charge account with the grocer and other retail outlets...