Word: retails
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Dates: during 1940-1949
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Mail-order men think the two-year boom in retail sales is about over. Said Sears, Roebuck President Thomas J. Carney last week: "We do not expect so large a volume of sales next year." Montgomery Ward told stockholders it had set up a $2,000,000 reserve against "price declines...
...Standard retail markups run as high as 50% of the wholesale price, and higher. A refrigerator costing a retail dealer $75 might sell for $100. If the tax increase (10%) were merely passed on, the new price to the customer would be $107.50. But with tax added to the wholesale cost, and the markup pyramided on that, the price the customer pays...
Price Administrator Leon Henderson last week took note of this inflationary threat. Price rises, he warned retailers, "should in no case reflect more than the actual dollar amount of the . . . excise tax." But retail merchants paid him little mind. Most of them went merrily on their way, marking...
Lesson. Adding it all up, Brookings concludes that since farm products and wage costs have risen farther and faster than the price of manufactures in the past two years, the price of manufactures will soon be under terrific pressure to catch up. Inflation will then be well under way. Retail price increases have not yet been great, but their turn is coming...
Super markets will have gross sales this year of about $2,000,000,000 - 22% of all U.S. retail food sales. This is the estimate presented last week by the U.S. Census Bureau's John Guernsey to a Philadelphia convention of the Super Market Institute (owners of more than 1,000 markets). How much larger a chunk of the nation's food bill super markets might eventually get, no one could guess. The U.S. had 9,250 super markets at year's beginning, has 10,100 now, is getting more all the time...