Word: retailing
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
What nagged Johnson and his advisers was that other indicators are off as well: sales of autos and other durable goods are down sharply, housing has slowed, inventories are up and industrial production down, new orders have declined and retail sales were off 2% in February...
...increase was a welcome relief not only for stores but for the economy as a whole. Retail sales have generally been running at their slowest pace in two years. The decline is sharpest in such durable-goods lines as autos, where production is at its lowest point since 1961. Detroit last week reported a 21.4% drop in auto sales for the second ten days of February. The decline has also been felt in such nondurables as clothing and household goods, which in the final quarter of 1966 showed their slowest sales gains in three years. Moreover, food purchases, which have...
...years, nobody has built anything quite like Manhattan's Rockefeller Center, the world's largest privately owned business-and-entertainment center. With its labyrinth of underground shopping arcades, sunken plaza, theaters, television studios, 25 restaurants, 70 retail stores and 50,000 daytime inhabitants of 16 slab-sided office buildings, it remains the quintessence of skyscraper civilization. Last week a combine including two Rockefeller brothers -President David of New York City's Chase Manhattan Bank and Governor Winthrop of Arkansas-brought forth plans to build a similar, if smaller, office-hotel-and-cultural complex a continent away, close...
...economy's more reliable indicators of future trouble is the mercurial behavior of business inventories-unsold goods on industrial, wholesale and retail shelves. Before every postwar recession-in 1948, 1953, 1957 and 1960-inventories have soared like Icarus only to plunge as businessmen liquidated their stocks. Right now, some familiar warning signals are flying...
...week, idling 4,400. At Westinghouse's Metuchen, N.J., color TV plant, 600 employees have been laid off since December; the company's Columbus, Ohio, appliance plant has cut back from three shifts to one. The Federal Reserve Board reported last week that the nationwide sag in retail sales persisted in January, while its index of overall industrial production fell by a full point to 157.9% of its 1957-59 average. Factory orders for durable goods dropped by a worrisome 5.1%, to the lowest level in 15 months, as the downturn spread to transportation equipment, primary metals...