Word: slump
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Dates: during 1940-1949
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...that would show how well-or how badly-business was batting. Last week, as the first big batch of earnings came out, the scoreboard looked almost as cheerful as a home run in a tight game with the bases loaded. So far, at least, business was batting well: the slump had not been...
...that were even higher than in 1948's fat first quarter. A notable example was Republic Steel, first of the big steel companies to report. It had a 60% jump in its net profit, from $9.1 million to $15.2 million. Another example was General Electric Co. Despite a slump in the sale of appliances and an industrywide wave of price-cutting, G.E. boosted its first-quarter net to $26.7 million (up $1.3 million...
...buyers' market came, Schwab was not caught napping. Since Robert Hall Clothes buys most of its fabrics from other mills and hires other manufacturers to make most of its clothes, it could pick up goods cheaply and make bargain deals with suitmakers. Thus it could balance off the slump in its own textile operations and go after the newly price-conscious U.S. consumer. Said Jake Schwab: "We're the A. & P. of the clothing business, and that's what the business needs most right...
...started with American Woolen in 1903 as a clerk, all this sounded like the bad old days. From 1925 to 1946, American Woolen made the goods for one out of every six men's suits in the U.S. But the wool industry, in general, was in a slump until the war years, and American paid no dividends on common stock. Then, as 10,000,000 ex-servicemen rushed to buy their first civvies, American Woolen found itself so prosperous that in 1946 it declared a $12 common dividend, saw its stock soar from...
...England, where the textile slump had already caused some 20,000 to be laid off, there was one bright spot. The U.S. Air Force awarded contracts for $20 million worth of woolen cloth. To get the business, mills had slashed their bids close to cost, in some cases below it. The catch was that the prices, as much as $1.25 a yard lower than those on civilian goods, were sure to increase the demand of retailers for cheaper goods...