Word: retailing
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Dates: during 1960-1969
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...base for the healthy retail sales record was easy to see: the Commerce Department reported that personal income in November held steady at the annual rate of $409,500,000,000-a record high...
Though department stores were worried about Christmas sales, total retail sales held virtually steady for November at a seasonally adjusted $18.6 billion-down only $100 million from October, which rang up the second highest monthly rate in history. Durable-goods sales declined 2% from October, but the losses were partially offset by gains of food stores, restaurants and clothiers. Moreover, the Commerce Department cheerily predicted a sharp rise for December (see chart...
...DIVERSIFICATION will keep Swift & Co., Armour & Co. and Cudahy Packing Co. from expanding into sales of nonmeat products such as fish, vegetables, flour, sugar, cigars, china and furniture. U.S. District Court reaffirmed 40-year-old antitrust decree that bars the big packers from entering retail trade, which they want...
...years, had marked some lines down 30%. Surprisingly enough, it was the best toys that often carried the biggest markdowns, e.g., Marx's sturdy, battery-powered go-kart, list-priced at $30 sells for as low as $15. Says the Toy Guidance Council's Melvin Freud: "The retail discounting has stretched the toy dollar 25%. Toys are the biggest bargain in the stores this Christmas...
...Christmas Test. One big test for the economy is whether retail stores will be able to top-or at least match-last year's record Christmas sales. Merchants are confident that an extra selling day and the consumer's yuletide spirit, helped by record personal income, will do the trick. So far, the signs are mixed. Department-store sales have been edging up for several weeks, reached a new high last week for the year. But for four straight weeks they have been running slightly below 1959 levels. Merchants blame part of the lag on unseasonably warm weather...