Word: retailing
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Dates: during 1960-1969
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...Retail Sales. Despite the increase in prices, the actual purchasing power of the average factory worker increased by nearly 1% in May, after a four-month decline. This was due to an increase in the average work week from 39.4 hours to 39.8 hours. Consumer buying power was reflected in department store sales, which rose for the second week in a row and were up 3% over last year...
...Hotpoint, and that was the second-best year in the industry's history. Main reason for the cutbacks now is excessive dealer inventories. The manufacturers overproduced and the dealers overstocked last fall in anticipation of the steel strike. Now dealers want to reduce their inventories before reordering. Since retail buying is holding up fairly well, most appliance makers expect a pickup in orders the last half of the year as dealer inventories drop...
...chemical that doctors once used in the treatment of diabetes. The article noted that patients who swallowed dihydroxyacetone developed stained teeth. So Andre tried the chemical, and Man-Tan was the result. So successful has it proved (6,000,000 bottles sold in six months, worth $20 million retail) that it has spawned a host of cosmetic competitors: Tan-O-Rama, Magic Tan, Tanfastic, Tansation...
...surprising factor in the economic picture was an unexpected drop in retail sales. The Commerce Department reported that retail sales in May fell 3% from their April record of $19.2 billion, a larger-than-usual drop for the month. The decline hit most major goods, including autos, though it took little of the gas out of Detroit's spring upsurge. May sales of more than 565,000 cars were nearly 7% above May of last year, represented the best daily-average selling rate (22,610) since September 1955. The industry is now running some 13% ahead...
...became board chairman and chief executive officer, replacing Fowler B. McConnell, 65, who retired after 44 years with the company. The new president will be Crowdus Baker, 54, former vice president and comptroller. Kellstadt joined Sears in 1932. He was brought into the Chicago headquarters in 1946 as general retail merchandising manager, moved steadily up the ladder to a directorship in 1948 and vice-presidency the next year. In 1950 Kellstadt was appointed supervisor of Sears's southern region. At Sears business was never better. For the company year ending Jan. 31, Sears had sales...