Word: retailing
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Dates: during 1960-1969
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...Back. Toy sales in the nation's retail stores are expected to hit $1.68 billion this year, but that is no real measure of just how important toy departments actually are to U.S. retailers. The smart storekeeper gets much more out of toys than the $28 national average that is spent for each importuning child each year. He prices the popular items low, then sets up his toy department way to the back of his store, usually on a high floor. That way, parents must troop by counters laden with many other kinds of tempting merchandise before they...
...TANU, even in Nkrumah's monolithic Convention People's Party. Osagyefo recently told a visitor that he not only listened intently to the dissenting opinions of Ghana's "market mammies" but accepted them with alacrity: after all, the mammies control much of the nation's retail trade, hence hold much of its cash. The situation is familiar to any Madison Avenue man working on a consumer-goods account...
Help for Housewives. Since meat is the biggest single item in the U.S. food bill (about 25? out of every dollar), one beneficiary of the current situation is the U.S. housewife. Retail beef prices slipped 2% to an average 81? per Ib. last year, and the dip is expected to continue for a while. But Government experts also reckon that the cattlemen's troubles are only temporary. The beef business historically runs in cycles; when prices hold low, cattlemen sooner or later have to thin their herds, marginal operators drop out-and prices begin to recover. Besides...
Latest symptoms of the effect the Surgeon General's report is having on the health of the tobacco industry: > Top tobacco distributors across the nation estimate that they sold 8% to 10% less last month than in January 1963-a possible retail sales loss of about $45 million. Cigarette tax receipts fell 2% in Arizona, 6% in Louisiana, 12% in Alabama, 14% in Illinois. Connecticut reported a 12% decline in sales, which cost the state $246,000 in expected taxes. - In Louisville, Brown & Williamson (Viceroy) and P. Lorillard (Kent) went on four-day weeks, and Philip Morris trimmed...
Thirty-five months after it began, the advance of the U.S. economy shows no signs of slackening. Most of the indicators-from industrial production to retail sales-still look good. In fact, said the Federal Reserve Board last week, the current business expansion is a lot stronger and more solidly based than other, more spectacular postwar recoveries. And as for earnings, the first reports for the past year shattered old records on every side. Pretax corporate profits for 1963 will almost certainly pass the $50 billion mark to set an alltime record...