Word: retailing
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Dates: during 1950-1959
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Even with the price cuts, retail sales were still sluggish. But there were signs of a pickup. And the Federal Reserve Board reported that the index of industrial production, which had been holding steady for months, edged up in February...
Fragrant Jewelry. Scented synthetic pearls are being market tested in Sandefjord, Norway by Chemist Joseph Shott and Businessman Olav Edlund. The pearls, which are made from herring scales, are infused with perfume, and the scent lasts three years. Probable retail price in U.S. for a string...
Most of the wholesale drops have not yet reached the housewife. Oranges, for example, were still retailing last week for as much as 60? for 5 Ibs., or 18 times the price on the tree. And though meat prices were moving down in the stockyards (lamb dropped nearly $2 a hundredweight from a month ago), they were still sky-high at the retail counter. Oddest situation of all was in potatoes, which two years ago were rotting on the ground for lack of buyers. Last week there was a thriving potato black market, due to the short potato crop last...
...Supreme Court outlawed last May on the ground that Congress had never intended to let Fair Traders have it. The court's decision set off a series of price-cuttings by big mass merchandisers (e.g., Manhattan's Macy's and Gimbels) and "discount houses." Ever since, retail druggists, hardware dealers and thousands of other small merchants had been clamoring for Congress to plug this price-cutting loophole...
Umbrellas to Mend. While the Commerce Committee was giving them what they wanted, a Judiciary subcommittee headed by Brooklyn's anti-Fair Trade Emanuel Celler held hearings on a similar bill. Witness Rivers Peterson, managing director of the National Retail Hardware Association, cried that the small retailer is entitled to protection "from exploitation on the part of the predatory price-cutter," just as labor is protected by minimum-wage laws. Retorted the American Farm Bureau Federation's Matt Trigg: Such devices provide "an umbrella for the inefficient" and are inconsistent with a free, competitive economy. Echoed...