Word: retailing
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Dates: during 1950-1959
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...Dogs. The last of the Ricordis to head the firm was Tito II, who expanded Casa Ricordi into the sprawling complex that now has branch offices in a dozen countries, and a chain of Italian retail stores. But Tito was unpopular and dictatorial, resigned in 1919. The business passed to Accountant Renzo Valcarenghi and Composer-Stage Designer Carlo Clausetti, whose sons now run the firm. Today Casa Ricordi is doing brisker business than ever, despite World War II bomb damage. The firm remains stiffly self-conscious about its artistic obligations, maintains a string of opera scouts throughout Italy. Says...
...Nationwide department store sales for the first week in February soared 9% over the comparable week of 1958. For January, the Commerce Department estimated total U.S. retail sales at $16,340,000,000, up more than $1 billion from January...
...Some retail prices edged upward in December, among them used cars, fuel oil, fresh vegetables and beef, but the ups were more than balanced by the downs-new cars, gasoline, fresh fruits, pork, eggs, movie admissions, women's clothing. Net result, as reported last week by the Federal Bureau of Labor Statistics: after creeping up to the alltime peak last November, consumer prices slipped downward a little in December to pare the BLS consumer price index two-tenths of a point, to 123.7 (the 1947-49 average: 100). Price forecast for 1959, as most economists see it: renewed upcreep...
...midget ocean-racing. For those who want to use boats as homes, Evinrude motors displayed a prototype expand-at-will, fiberglass, aluminum and wood houseboat that floats on pontoons, is made up of two or more interlocking 7-ft. by 11-ft. cabins or decks that are expected to retail below $2,000 per pair...
...with Atrocities. The judgment may be somewhat exaggerated, but retailers from coast to coast are solidly optimistic about their prospects. In household furniture alone, says Paul Brandt, president of the National Association of Furniture Manufacturers, retail sales should top $4.3 billion for a 10% jump ahead of 1958. Boston, Atlanta, Denver. San Francisco retailers already report sales above last year, despite the record Christmas buying...