Word: retails
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Dates: during 1950-1959
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Your Aug. 5 report on the price of our new pen is causing confusion at the trade level. It is correct that Paper-Mate will market a new low-priced pen, but it will retail at 98? - not 89? as you stated...
Whatever the meaning of the signs, they have failed to discourage business optimism about the rest of 1957. There was no doubt that consumers were showing caution in certain areas, e.g., appliances, but overall national spending has hit record summer levels. Retail sales last week were still high (4% above last year), and steel production was edging up in anticipation of fall buying. Reported Boston's First National: "Confidence in the fall outlook remains firm, despite the low visibility and the lack of any clearly discernible trend in production." Many forecasters were taking an optimistic view of the second...
ANTITRUST STUDY is stirring up a storm for sporting-goods industry. Justice Department suspects collusive pricing and division of markets and products, is quietly going back as far as 1931 to look at records of some 80 sporting-goods makers, five retail and manufacturing associations...
...steel and retail trade, the picture was much the same. Republic Steel Corp., the nation's third biggest producer, estimated a record six-month profit of better than $51.5 million, expects to set new highs all around for 1957 as a whole; Jones & Laughlin Steel Corp. and Lukens Steel Co. both bettered last year's records, Lukens with a 16.2% jump to profits of $2,613,666 for the second quarter. Safeway Stores, Inc. reported a second-quarter profit of $7,390,260, some 33% better -than 1956, while Macy (R.H.) & Co., Inc. predicted sales for its fiscal...
...Byrd committee probing Administration fiscal policies that the Administration's tight-money policies have begun to pinch off the new inflation and that increases in the cost of living will soon stop. Wholesale prices have leveled off, he said, and this will soon show up in stabilized retail prices...