Inventory Boom


From the black-windowed, sandbag-roofed Manhattan offices of the New York Federal Reserve Bank last week came a jolting report: in February, New York City department-store inventories were 49% above a year ago. Manhattan is the No. 1 U.S. shopping center, but hinterland stores are buying too: total U.S. department-store inventories are well over the 100 mark (1923-25 = par), against 73 a year ago, 54 at depression's bottom.

Behind this inventory boom is a store-manager panic, a store-buyer picnic. Fearing bare shelves when their stores were customer-packed, storekeepers last summer...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!