Word: squeezees
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Both figures are records for the 91-year-old company, and something of a milestone in an economy where a cost-price squeeze has cut many a business profit this year despite larger sales. Furthermore, President Murphy last week announced that prices of 17 of Campbell's 102 products...
The profit squeeze has led many firms to diversify in search of new sources of profits. Some retail jewelers are widening their lines to include typewriters, radios, stereo phonographs and small appliances. Shrinking profits have hit such giant food chains as A. & P., National Tea and Kroger, though some others...
To many a businessman, the best and most sensible way to live with the profit squeeze is to concentrate on increasing sales volume. Such heavy appliance makers as General Electric and Frigidaire. stuck with big inventories, have cut prices 5% to 12%. To increase sales while cutting costs, S. S...
Just how tight the profit squeeze will get before it eases is a matter of lively debate. Government economists expect an upturn in profits in the fourth quarter. But Ford Motor Co. Economist Dr. T. J. Obal, who believes the current profit squeeze fits the pattern of an economy in...
However long the profit squeeze lasts, it is not a new phenomenon to U.S. businessmen, who faced it in the 1957-58 recession and learned to live with it. Although a profit squeeze is a symptom of such major problems as foreign competition, automation and changing patterns of living, it...