Word: consumerization
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Parachutes and Stockings. Primemover behind this rise that carried the eleven-store Gimbel chain ahead of arch-rival R. H. Macy & Co. as well as Federated Department Stores and May Department Stores, is greying Bernard Feustman Gimbel, 59, robust, genial patriarch of the Gimbel clan. He had a hunch that...
As such, 1944 would take its place in the economist's gallery alongside other statistically famous vintage years: 1913, 1926, 1929, 1939. But even these were thin, sour wines alongside the full-blown, fabulously rich year of 1944. The cold figures, such as the gross national product of $196...
In the process the marketing and farm purchasing coops, unlike consumer coops, have become big business, but without big business' tax liabilities. The ''profits" of co-ops - i.e., moneys kept in the till for expansion instead of being returned to members - are taxfree. But repeal of Section...
U.S. cigar smokers last week got good news: OPA ordered manufacturers to start making "five-cent" cigars-something the consumer had not seen since last summer. There was the usual slight hitch: the 5? cigar will cost the smoker 7½?. But the 90% of U.S. cigar smokers who ordinarily...
Many consumer-goods industries also saw profits shrink from last year. Textile-company earnings were down 12%; food companies, unable to outfoot rising costs, were down 5%. General Foods reported a slightly lower net on record sales of $209 million. Their $28 million increase in sales was just matched by...