Word: retails
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Dates: during 1950-1959
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...while total unemployment declined to 3,200,000, or 5.6% of the labor force; not counting the 500,000 steel strikers, unemployment had increased only about ½% since the 5% low set in July. Personal income in August dropped only about $2.6 billion from the $381.6 billion peak, and retail sales were only $2 billion down from the $220 billion record rate set in July...
...PRICES will cut retail pork prices for the rest...
...open conflict with Avery, kept quiet about things that he knew he could not change. This led many an outsider to tab him as a yes man without an idea of his own. But when Avery was forced to resign in 1955 and Barr took over, he dazzled the retail industry with the suddenness of his transformation. As he spread his wings, he junked all of Avery's policies, started Ward's on one of the biggest expansion programs in U.S. industry. For the last year, the company has been opening new department stores at a record rate...
...since then has redecorated nearly 376 of the company's 566 stores, air-conditioned 73 of them, opened more than 296 new catalogue stores in growing areas. To increase volume quickly, he bought control of four independent stores in the Chicago area, opened some 20 new modern retail stores in major shopping areas and equipped them with consumer-drawing features that would have shocked Sewell Avery: check-cashing booths, hunting and fishing license departments, gourmet and shoe-repair shops. By the end of 1958, Barr had reduced Ward's cash hoard from $327 million to $94.7 million. Says...
...Retail merchants are finding the strike's impact uneven. Jewelry stores are empty. "Business is as bad as it was in 1932," says Jeweler Harold Klivans. But hardware stores have thrived selling paint and other do-it-yourself items to strikers; many a steelworker has taken advantage of the strike to paint the woodwork and put up long-postponed shelves. Stores that grant credit freely have fared much better than those with no credit plans. "We're hurting and hurting bad," says Assistant Manager Robert Engler of a cash-only dime store on downtown Federal Street. But Bertram...