Word: retailing
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Dates: during 1950-1959
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...Washington trade marts, the payroll cuts are cause for concern. So far this year, retail trade in downtown Washington stores is running 4% under last year. Houses are not selling well, and apartment rentals are slow. Personal bank accounts have been rising steadily; Government employees, uncertain about where the ax will fall, are saving their money...
...really ended quite a while ago as far as the majority of stocks is concerned." He pointed out that gold stocks as a group have never topped their peak of November 1949. The soft drink and brewing group reached its high in January 1950; a year later, copper stocks, retail stores and steels reached theirs. Two years ago the ethical drug stocks reached their top, followed within a few months by such groups as agricultural machinery, mining and smelting, distillers, lead and zinc, and textiles. Thus, all these turndowns had come long before the 30 Dow-Jones industrials reached their...
HOUSEWIVES can expect more beef at retail counters in the next few weeks as the summer's grass-fed steers start to market. Farm experts expect U.S. beef supplies this year to hit 73.5 Ibs. per capita, the highest in 44 years. But beef prices have about hit bottom. Farm Economist L. H. Simerl of the University of Illinois thinks they will hold steady for the next twelve months...
...shipping his cars on consignment. His dealers could wait until a car was sold before paying Rootes, could also return any cars that found no buyers. That meant Billy Rootes was carrying an unsold inventory in the U.S. worth about $4,500,000 (at retail prices). In sum, he was making one of the biggest gambles of his bold, spectacular career...
...George Friedland, 51, co-founder (with his elder brother, Board Chairman Samuel Friedland) of Food Fair Stores, seventh largest* retail food chain (1952 sales: $292.6 million), stepped down from the presidency and into the newly created post of vice chairman "for one fundamental reason: I have long felt that younger men should be given the opportunity to carry forward the aggressive policy of our company." The policy calls for construction of 35 to 40 new supermarkets by the end of 1954. His successor: Vice President and General Counsel Louis Stein (Friedland's nephew), 47, who joined Food Fair...