Word: retailing
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Dates: during 1950-1959
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While the record income set off the biggest retail spending in U.S. history ($215 billion v. $208 billion a year before), consumers also managed to salt away more savings in 1952 ($18.5 billion, $1.5 billion rise over '51). Never had the U.S. had so many jobs (62 million) and so little peacetime unemployment (1,700,000). Its prosperity was extravagantly symbolized by a Texan's wisecracking solution for Dallas' traffic problem: "Rule all Cadillacs off the street during rush hours." Answered a reader of the Dallas News: "If you did that, how would we working people...
...alarm went out all over France. Police began confiscating retail stocks, while local constables in remote hamlets rolled their drums to bring out the villagers, then solemnly read them a warning about Baumol. Jacques Cazenave, 52, director of the Daney Laboratory and father of two children, was arrested and charged with manslaughter. His explanation: One of his drug suppliers must have sent him arsenic acid anhydride instead of zinc oxide. But the next question on many lips was: how many babies in the eleven months since the death of François Lejeune had been hurt by the poisoned Baumol...
...Night. Though some retail prices last week were down a little from last year (about $300 on a $5,000 coat), Utah's Mink Rancher David W. Henderson, president of the National Board of Fur Farm Organizations, thought the market was off to a good start. One fillip came from an unexpected source. Said Henderson, whose beady-eyed little Topaze breeders (see cut) are worth up to $600 apiece: "If anything, the Washington mink scandals helped the market by bringing the idea of mink coats more & more before the public." In Chicago,, the Miller Fur Co. was doing...
...good news from auction rooms and retail stores, minkmen have had their troubles. With feed prices high and markets erratic, more than 2,000 ranchers (U.S. total: 6,500) went out of business in the past year. With coat manufacturers, a big complaint is the 20% luxury tax, which puts prices just out of reach of a big market...
Give & Take. Under the deal, the new company will buy Simpsons' $100 million annual mail-order business outright, then supplement it with a string of Sears-like retail stores to be run by a Searsman exported to Canada. The company will start with 15 such outlets in the next five years, hopes eventually to have 40 (excluding Simpsons' five existing department stores in Canada's biggest cities...