Word: retailing
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Dates: during 1960-1969
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French workers, besides splurging on vacations at a rate unprecedented in a holiday-happy country, spent enough of their higher wages to lift July retail sales 10% above the 1967 level. Strike-depleted inventories have shrunk so low that many industries expect a manufacturing boom in the fall. Says Finance Minister François-Xavier Ortoli: "The outlook is better than we could have ex pected. The economy is righting itself...
...York City's Department of Health has forbidden the sale of the drink coolers. Federal authorities have seized some imports and alerted state officials to confiscate stocks already in retail stores...
Even without a surcharge, the economy in some ways had been tapering off on its own. Retail sales have leveled off since March, and inventories have gone up as a result. For the second quarter of 1968, the gross national product-the sum total of everything produced in the U.S.-rose $19.6 billion rather than the $20 billion to $22 billion that had been estimated. Government economists, believing that the economy is malleable, intend to take it from there. Once the surtax has cooled off the inflationary situation, Washington experts intend to heat up the economy again...
...youths aged 16-to-21 who are looking for a summer job. The Labor Department figures that only 11.5 million of them will find jobs of any sort. One reason is that, despite big draft calls and a booming economy, such perennial employers of student power as construction and retail trades are soft. Even political campaigns, which absorb many young volunteers, are not taking up the slack...
...decade ago, Jewel Tea Co. consisted of little more than a chain of Chicago-area supermarkets. Then it began branching into other lines and locations. Renamed the Jewel Companies, it has grown into a diverse, sprawling operation that Wall Street analysts now call a "retail conglomerate." Only too happy to shed the food-chain label, Jewel President Donald S. Perkins, 41, prefers to think of his new-look company as a general merchandiser serving "whatever needs the consumer may have...