Word: retailing
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Dates: during 1960-1969
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...consumer buying intentions, the Federal Reserve Board found that 4.1% of the families it queried intend to buy new cars in the coming six months, well up from the 3.7% of a year ago. Consumer spending in general is giving strong, if unspectacular, support to the economy. Total retail trade, which leveled off in the late summer, hit a record $20.1 billion in October. Department-store executives from Manhattan to Los Angeles, who used to wait decently until after Thanksgiving before putting up the Christmas decorations and playing scratchy recorded carols, were shamelessly early this year, and report that holiday...
...fiscal 1962, exactly the same as the rise in blue collar manufacturing wage rates. The Labor Department reported this week that its survey of more than 1,700 big companies showed that middle-echelon salaries run highest in manufacturing, utilities, wholesale trade and engineering. They scrape bottom in retail trade, finance, insurance...
...backbone, dropped sharply next day. In Tampa, sporting-goods stores reported a run on shotguns and rifles. In Dallas, a store reported brisk sales" Of an emergency ration pack of biscuits, malted-milk tablets, chocolate, pemmican and canned water. In Los Angeles, a Civil Defense warning that retail stores would be closed for five days in the event of war or a national emergency sent housewives stampeding into the supermarkets. In one, hand-to-hand combat broke out over the last can of pork and beans. Said North Hollywood Grocer Sam Goldstad: "They're nuts. One lady...
...less scale model of a busty teen-ager which appeals to little girls because it looks "grown up" and to their parents because it is inexpensive. Made in Japan to save on labor costs, the Barbie doll (which now has a boy friend named Ken) is priced at $3 retail and has become, according to Ruth Handler, "the greatest phenomenon that ever hit the toy business.'' Mattel also offers separately a Barbie wardrobe ranging from lingerie up to a $5 wedding gown...
Hard Times. All this is good news for the nation's contractors, builders and manufacturers of retail products. Though few of them can be expected to pass on their savings to the consumer, many of them can well use the lower prices they are paying for materials to fatten skimpy profit margins or to help offset the upcreeping costs of research, transportation and labor. But it is not good news in the judgment of President Kennedy's favorite economist, Paul Samuelson of M.I.T. Says he: "If prices sag when we have high employment, full-capacity production and good...