Word: retailing
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Dates: during 1950-1959
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...same time, the Committee promised that beer would be served, but said that they will probably have to buy it retail. For the past two years, Smoker Committees have not been able to secure licenses to purchase beer wholesale...
...More people were employed than ever before, and few were unemployed (1,500,000). With the best pay in history (average factory wage: $71 a week without overtime), and more borrowing (consumer credit rose 12% to a new high of $29 billion), Americans spent a record $230 billion at retail. Personal income was up 6% to a new high of $285 billion, and savings hit $18 billion v. $16.9 billion...
With this shot in the arm, the economy resumed its forward drive. Retail sales reached a new record, and production kept rising. In the face of this economic strength, the truce in Korea had little noticeable effect, except on the stock market, which started to rise. Not till October was there any significant slackening in the steady rise of production; then it began to edge downward as the makers of autos, appliances, refrigerators, etc., began to trim their output, which in most cases had already exceeded their fondest hopes for the full year. Those who had feared that any step...
Despite uncertainties, the stock market kept on rising, and at 283 on the Dow-Jones industrials average, was only 3% below the year's peak. More important, there was little slackening in overall retail buying. In a last-minute Christmas rush, sales reached a new yearly peak. And though year-end steel production, at 66.6% of capacity, was the lowest (except for strike shutdowns) in three years, U.S. Steel's Ben Fairless was not alarmed...
...creating new jobs was the feat performed by the little town of Harmony, Me. Its 700 harmonious citizens contributed $22,000 to pay one-third the cost of a new shoe factory which will employ 120 people. At Framingham, Mass.. Suburban Centers Trust Co.'s huge retail area (see cut) was typical of the growth of shopping centers all over...