Word: retailing
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Dates: during 1950-1959
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...Sears, Roebuck bought a site in Lima for its first retail store in Peru, its 25th in Latin America. Sears stores are already doing well ($75 million gross last year) in Mexico, Cuba, Venezuela, Brazil and Colombia...
...angels dressed in gold and white against a pastel-blue background; the blond leader tapped a baton, and his musicians lifted their instruments to the strains (recorded) of Tchaikovsky's Nutcracker Suite. The woman's comment was heard often around the U.S. last week. For Christmas 1953, retail stores had spent $30 million to turn their windows into a shopper's art gallery...
...year Macy's spent an estimated $75,000 to show what a white Christmas looked like in 1850. Other U.S. stores, which used to be content with doggedly symmetrical flower vases and stilted mannequins, have picked up the idea, until today Christmas takes up an average 60% of retail store display budgets. Most stores do their own work, are busy months ahead of time. Those who want a custom job turn to the cluster of small firms which make a business of turning windows into wonderlands...
...industry expects to lose close to $15 million. To top it all off, the Federal Trade Commission last month accused 43 packers and eleven labor unions of conspiring to fix prices. FTC also charged that negotiation of raw-fish prices between the unions and packers has resulted in exorbitant retail prices to consumers...
...records. New construction outlays in November, for example, hit a peak for the month ($3 billion) ; and the SEC predicted this week that outlays for new plants and equipment in the next quarter will be at an annual rate of $28 billion, only 1% below the present pace. Christmas retail sales also seemed headed for a record, but probably not in Manhattan, hit by the newspaper strike (see PRESS...