Word: retailing
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Dates: during 1960-1969
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Still Reluctant. The situation in retail sales was even more spotty. A survey of retail trade by Standard & Poor's showed retail sales up 2% over last year for the first nine months, with a 3.8% gain in nondurable goods and a 1.5% loss in durables. Chain-store sales were up 5.4% in September for the second-best gain of the year, and Kresge's reported a 4.5% September sales jump over August for the best September in the company's history. Said Kresge President Harry B. Cunningham: "If we're in a slump, we certainly...
Total personal income rose slightly to hit a record in September, but the rise was deceptive: most of it was due to increased social security, unemployment and veterans' payments, while wages and salary income fell $400,000,000 because of drops in employment and working hours. September retail sales fell about 1% from August, hovering only 1% above strike-ridden September of 1959. For the second month in a row, U.S. industrial production slipped in September, falling a point to a 1960 low of 107 of the 1957-based index; the August decline, in turn, was revised downward...
After slumping for several weeks, retail sales turned up again at the end of September, were 4% over last year for the last week reported. Business loans, an indicator of plans for future business activity, rose sharply in the first three weeks of September-by some $600 million-after a two-month decline. Even the stock market, which has been sliding, turned around last week and moved up three days in a row. Advised Ben Davis of Wall Street's Mitchell, Hutchins & Co., whose quips often get more attention than his guesses: "The time to buy stocks...
...RETAIL SALES, up 6% in the first eight months of 1960 over last year, have been slipping. Department-store sales across the U.S. declined 5% from last year in the latest week...
...Marin County home. Armed with a search warrant, they raided a locked room behind the admiral's bar, found 816 bottles ranging from rare old Scotch to rich liqueurs and Greek brandy. Erdmann had paid $760 for the entire supply; Treasury agents said it was worth $4,400 retail...