Word: retailing
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Dates: during 1960-1969
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...invariably risen during recovery periods, when increased credit-buying by consumers and increased borrowing of expansion capital by industry have put a strain on the money supply. And last week the U.S. economy showed every sign of having completed its convalescence from the 1961 recession: in November, Washington reported, retail sales shot to an all-time monthly high of $19.3 billion, 5% over November a year ago, and the Federal Reserve Board's industrial production index also reached a record level of 114% of the 1957 average...
...last remaining soft spots in the U.S. economy are firming. After months in the horse latitudes, retail and auto sales are scudding along at a brisk pace. Last week came two new harbingers of boom: a sharp drop in unemployment and a pickup in the long-sluggish construction market...
Foil & Freeze. Since he dropped out of high school to begin working in bakeries, Lubin has never strayed far from the oven door. In 1935 he and his brother-in-law raised $1,500 to buy three little retail bakeries in Chicago. Sixteen years later, with a chain expanded to seven stores and a hot-selling cream-cheese cake named Sara Lee (after his daughter), Lubin decided to set up shop as a wholesale baker. By developing the technique of baking his cakes in an aluminum foil pan. then freezing and shipping them in the same container, he soon...
Whatever the explanation, the omens seemed so favorable to Commerce Secretary Luther Hodges, himself an oldtime retailer, that he predicted overall Christmas retail sales would run 4% to 5% above last year's high levels. To justify his renewed confidence in the consumer, Hodges could point to the boom in auto sales, which in mid-November reached a record 23.070 cars a day. The rejoicing in Detroit was not shared equally by all automakers: though General Motors had boosted its mid-November share of the auto market to 54% and Ford held a strong 28%. Chrysler's share...
...automation is also hard on smaller businessmen: most of them cannot afford to buy automated gear, but they must buck the steadily lower production costs-and selling prices-of the larger operators who can. To copper their bets against gyrations in consumer demands, bigger companies are diversifying into retail areas that have long been dominated by smaller dealers, e.g., mail-order houses have begun to sell prescription drugs, supermarkets are selling hardware and garden supplies. And the increase of cut-rate imports hurts smaller, single-product businessmen more than those who market a broad line...