Word: retailing
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Dates: during 1960-1969
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...were running at an annual rate of 7,500,000. This should give Detroit its second 7,000,000-year (previously reached only in 1955) and follows 1962's impressive 6,900,000 sales. Exults one auto executive: "We've never had it so good so long." Retail sales, also climbing steadily, rose another 2% to $20.7 billion in the quarter...
Reason for the shift in thinking was the good economic news for the government that came with spring's thaw after the worst winter of the century. Suddenly came word of new export records, booming retail sales and swelling company profits. Most welcome news of all last week was that the remorseless five-month rise in unemployment had finally drifted down to 604,000, off nearly 100,000 from the March figure...
...nation's most important economic ingredient: people. Buyers returning to Wall Street last week sent the Dow-Jones industrial average surging to 711.68 at week's end, its highest close since last spring. Consumers are crowding into department stores and auto showrooms, in April sent retail sales to new highs. And the 3,700 stockholders who trooped into a Bronx armory for the annual meeting of A. T. & T. seemed to share the optimism of Chairman Frederick R. Kappel, who made happy talk about a general improvement in business confidence. Businessmen were heartened by President Kennedy...
More Than Cash. Both labor and management agree that fringes have advantages over cash. Workers save two ways: they get tax breaks on most fringes, also get health and insurance plans at wholesale group rates instead of retail individual rates. And since employees think twice before giving up such benefits, Kroger Co. Chairman Joseph B. Hall reports that "fringes have cut down our labor turnover." Management also prefers fringes because straight cash raises add automatically to the cost of overtime, incentive and vacation pay. Both sides agree that the voluntary payment of fringes has slowed down inflation, headed off higher...
Shopping the French way can be a long day's journey from the corner épicene, past sidewalk stalls to the butcher, the baker and the wine merchant. Small shopkeepers still do 85% of France's retail business, but the prudent, finicky and habitual French are rapidly succumbing to a thoroughly un-Gallic habit: one-stop shopping à l'Américaine. The pioneer and fastest-growing example of the trend is Prisunic (One-Price), the Continent's largest retail chain and a sort of bouillabaisse of the U.S. five-and-dime store, the discount house...