Word: storing
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Dates: during 1950-1959
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Crowds enviously studied the windows of Moscow's new Mosodezhda men's wear store last week, eying the fancy suits, coats, smokingi and fraki (tails). But inside, clerks told disappointed shoppers that these were "future" models. All they had for sale was the familiar old line of $80 and $120 suits, featuring outmoded double-breasted jackets and bell-bottomed trousers. "A drab selection," scribbled one customer in the shop's complaint book. "No quality suits. I am shocked, filled with indignation." "Outrageous," wrote another. "Patterns bad, workmanship careless...
Hong Kong has been greatly helped by U.S. opposition to low-priced Japanese cotton imports. When the Japanese were forced to diversify and impose voluntary quotas, many big U.S. department-and variety-store buyers took their business to Hong Kong. The British colony's factories and sweatshops have tripled to an estimated 500 in the past four years, boosted the number of workers from 4,000 to 50,000. To compete in the cut throat world textile market, the Hong Kong garmentmakers' chief weapon has been cheap labor; the average daily wage...
...year as a textile salesman. His income for the next two years will be $588, and he has sold his car to help squeak by ("I know I've made the right decision"). A father of two, David Miller, 37, not only sold his grocery store, but got his wife to attend college as well. "We're budgeted to the last penny," says he. "Our kids will get threepenny ice-cream cones instead of sixpenny ones. But I think we'll just manage...
From the Federal Reserve Board last week came news that department stores started their Christmas season from the highest take-off point in history. Sales in the final pre-Thanksgiving week hit 182 on the 1947-49 index, up from 169 in 1958. Only 5% ahead of 1958 at the beginning of November, department-store sales were 6% ahead in the second week of the month, 8% ahead in the third. Other signs of a faster beat in the economy...
...Special Tonight Series (NBC, 8:30-9:30 p.m.). A kiddie-land department store Santa believes he is the real Claus. Miracle on 34th Street, a rewrite of the 1947 movie, stars Ed Wynn, Peter Lind Hayes and Mary Healy...