Word: retailing
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Dates: during 1960-1969
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Inflation, which has smashed wage guidelines, sent interest rates to record levels and jacked up a host of indexes, has claimed another victim. Because the farm price index has reached a 17-year high, the retail price of food, which is what irritates people most about inflation, will continue upward. Last week the Agriculture Department reported that prices received by farmers rose 4% during the month ending May 15, and were 8% higher than a year ago. The meat index rose 9% during the month. Prices received by farmers for vegetables jumped 25%, while the dairy product index exceeded that...
...recession shrank domestic demand. In response, German businessmen turned to aggressive selling abroad. The economy soon rebounded, but recession-cut German prices never caught up with those in other countries. For industrial products, Germany's principal exports, many prices not only failed to rise but actually fell. Retail prices of electric ranges, washing machines, refrigerators, watches and TV sets declined slightly in the past year. The 2½% increase in the consumer price index over the twelve months through last April was due almost entirely to an 8% increase in rents and a 2% boost in food prices...
...building permits. Reversing sharply in March, the three portend slower growth in inflation-provoking corporate spending on expansion. They reflect boardroom decisions that will soon show up as changes in factory output and personal income, which are measured among the so-called "coincident" indicators. Reaction is already evident in retail sales, which also turned down sharply in March. Eventually, the effects will ripple through the economy as rises or declines in the "lagging" indicators, among them bank interest rates, labor costs and prices...
Beate Uhse, a 49-year-old blonde, has built a mail-order house and chain of supermarkets into one of the fastest-growing retail businesses in West Germany...
...herself has appeared in court about 20 times to answer charges against her, but has been convicted only twice. The last time, she was fined $1,500 for selling obscene goods through the mail. The remarkable thing about her enterprise is that it operates-and advertises-like other successful retail chains. While she does not consider herself a missionary of sex, Beate does argue that she is helping to break down old taboos in her country. "When we started, there were more than 100 outfits in the business," she says. "But they kept sex under the table. We were willing...