DOCSLIB.ORG

Pacific Gas and Electric Company Retail Plug- Load Portfolio (RPP) Trial: Evaluation Report ET Project Number: ET13PGE8052

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Pacific Gas and Electric Company Retail Plug- Load Portfolio (RPP) Trial: Evaluation Report ET Project Number: ET13PGE8052 Erik Jacobson Pacific Gas and Electric Company Director 77 Beale St. Regulatory Relations P.O. Box 770000 San Francisco, CA 94177 Fax: 415-973-7226 December 24, 2015 Advice 3668-G/4765-E (Pacific Gas and Electric Company ID U 39 M) Public Utilities Commission of the State of California Subject: Request For Authority for Retail Products Platform (RPP) Pilot within PG&E's Residential Energy Efficiency Plug-Load and Appliances Sub-Program Purpose Pacific Gas and Electric Company (PG&E) requests approval of a Retail Products Platform (RPP) pilot, a strategic market transformation effort designed to create long- lasting, sustainable changes in the functioning of product-specific markets by reducing barriers to the adoption of energy efficient plug-load and appliances. PG&E designed this pilot to conform to the guidance provided by two key whitepapers commissioned by the CPUC.1 This advice letter (AL) requests authority to conduct a four-year RPP pilot under the PG&E Residential Energy Efficiency (EE) Plug-Load and Appliances (PLA) sub-program using existing budget. PG&E anticipates the four-year pilot to transition into a ten-year subprogram. The proposed RPP pilot is part of a wider effort, the ENERGY STAR Retail Products Platform (ESRPP), undertaken in conjunction with program administrators (PAs)2 across the country and sponsored by the U.S. Environmental Protection Agency (EPA), to address plug load growth. The ESRPP makes it possible to gain the scale needed to attract national retailers to participate and effect market transformation in the consumer electronics and appliance markets. The effort will benefit California rate payers by curtailing the growth of plug load within the state. In the long-term, the RPP design is 1 Keating, Ken (2014): Guidance on Designing and Implementing Energy Efficiency Market Transformation Initiatives. Prahl, Ralph and Keating, Ken (2014): Guidance on Designing and Implementing Energy Efficiency Market Transformation Initiatives. 2 Program Administrators interested in participating in the ENERGY STAR Retail Products Platform include Pacific Gas and Electric Company, Southern California Edison, Southern California Gas Company, San Diego Gas & Electric Company, Sacramento Municipal Utility District, Xcel Energy, Eversource Connecticut, UIL Holdings, DC Sustainable Energy Utility, Northwest Energy Efficiency Alliance, Baltimore Gas and Electric Company, Southern Maryland Electric Cooperative, Pepco, DTE Energy, Con Ed, Efficiency Vermont and Focus on Energy. Advice 3668-G/4765-E - 2 - December 24, 2015 expected to increase the cost effectiveness of the EE PLA portfolio for selected product categories where sales can be influenced significantly by retailer decisions regarding the merchandise they stock and promote. The success of ESRPP depends upon simultaneous engagement by multiple PAs in multiple states representing a significant retail customer base. PG&E’s participation at program launch, slated for March 1, 2016, is critical to demonstrate the potential for a multi-state effort to address plug-loads. Therefore, PG&E is seeking expedited approval for this pilot in order to launch March 1, 2016. The four-year pilot period is proposed as it is a sufficient period to evaluate market impacts to determine if the RPP should be extended for a longer timeframe. Evaluation of the pilot will occur on a yearly basis to mitigate risk. PG&E proposes to claim ex ante savings for those RPP measures approved by the Energy Division’s ex ante review team in the RPP workpaper at the time of the RPP pilot launch, March 1, 2016. PG&E is in the process of responding to requests for further information contained in the RPP workpaper disposition and is revising the workpaper.3 For any RPP measures not approved for ex-ante savings by the time of pilot launch, PG&E requests authority to include these measures as part of the pilot, and claim savings subject to an ex post evaluation, or ex-ante starting at the point any additional measures are approved. PG&E requests that all RPP measures be added to the deemed “Uncertain Measure List,” so that all ex ante values will be verified on an annual basis. Background Savings Potential and Challenges for the Plug Load and Appliance Markets One of the goals of the California Long-term Energy Efficiency Strategic Plan is to “develop comprehensive, innovative initiatives to reverse the growth of plug load energy consumption” in California4. The RPP pilot will help meet this challenge. The pilot design includes working collaboratively with utilities across the U.S. to address plug load growth in the residential sector nationally. The U.S. Department of Energy’s Energy Information Administration (DOE/EIA) estimated that “other” or “miscellaneous plug load” electricity consumption, when combined with consumption by televisions and office equipment, will represent 29% of U.S. residential annual electricity consumption in 2006 and will grow to approximately 36% in 2020. DOE/EIA forecasted that the “plug load” annual consumption will increase by 31% over the same period, on a per household basis (DOE Study, 2008). 3 See PGECOAPP128r0_RetailProductsPlatform_15Dec2015. The disposition calls for PG&E to propose research for estimating baseline energy use and usage profiles for room air cleaners and soundbars, and baseline assumptions for clothes dryers. In a follow-on conversation with the Energy Division ex ante review team on December 22, 2015, additional documentation was requested to support the use of incentives for measures with zero incremental cost. 4 California Energy Efficinecy Strategic Plan, January 2011 Update, Section 2, page 21 Advice 3668-G/4765-E - 3 - December 24, 2015 Because plug loads represent a significant proportion of residential electricity consumption, reducing plug load energy consumption is a critical step to achieve California’s residential Zero Net Energy (ZNE) goals. The 2012 ZNE Technical Feasibility Report stated that “minimizing plug loads will be critical to meeting ZNE goals”5, and recommended that utilities “continue equipment efficiency incentive programs” and “aggressively promote equipment efficiency regulations at the state and federal level6.” RPP addresses specific opportunities and challenges at the national, state and programmatic level. Energy savings opportunities in many plug load categories cannot be addressed effectively by traditional downstream rebate programs. First, the energy savings per unit are relatively small, though energy savings across the entire category can be significant. Hence, the incentive per unit will typically be relatively small. Second, new plug-load products are introduced on a rapid development basis, requiring quicker and more nimble intervention strategies to address new products. Third, due to modest per-unit energy savings, typical downstream incentives increasingly are not cost effective and therefore are not offered for most appliances. Fourth, downstream incentives for appliances and electronics can be time consuming and confusing for end- use customers, and the redemption processes can present a barrier to purchasing energy efficient appliances.7 Since the costs of the RPP pilot are front-loaded, PG&E forecasts costs will decline over time while energy savings will grow over time. Consequently, cost effectiveness of the longer-term market transformation effort is forecast to improve over time. Using the ED- approved net-to-gross ratios8, the cumulative TRC for the four-year pilot is estimated by the E3 Calculator to be 0.57. Assuming that the program runs for ten years, the cumulative TRC is estimated to reach 1.75. This difference between the estimated shorter- and longer-term TRCs is consistent with the principles that underlie market transformation programs: the TRC is based on the cumulative lifecycle benefits and the cumulative program costs over the life of the program. The pilot’s TRC and other key measure parameters will be re-estimated using the most recent data on a yearly basis. RPP Pilot Program Model Theory and Rationale A detailed RPP Pilot Program Theory and Logic Model is provided in Appendix A, attached. In short, the RPP model focuses on a portfolio of consumer energy efficient products with relatively small incentives paid to the retailer for each unit sold. This 5 The Technical Feasibility of Zero Net Energy Buildings in California, Final Report | December 31, 2012 | Arup North America Ltd, page 8 6 IBID, page 51 7 “End of Perspective Rebate Forms? Massachusetts Moves Upstream,” Rishi Sondhi and Nathan Strong, Northeast Utilities and Gabe Arnold, Optimal Energy. 2014 ACEEE Summer Study on Energy Efficiency in Buildings. 8 See WORKPAPER DISPOSITION FOR PGECOAPP128 Revision 0 Retail Products Platform California Public Utilities Commission, Energy Division December 15, 2015 Advice 3668-G/4765-E - 4 - December 24, 2015 model is intended to incentivize retailers to participate by reducing market barriers to stocking and selling more energy efficient electronics and appliances and to mitigate the significant costs associated with changing appliance product mixes in stores, providing more sales floor space for energy efficient models, revising marketing to reflect new energy efficient electronics and appliances, updating pricing strategies and training staff to sell the most efficient models. The retail channel is ideally suited to reduce plug load by transforming the consumer electronics and appliances markets and leveraging the influential ENERGY STAR brand. The RPP logic model theorizes
Load more

Recommended publications
  • Latinos | Creating Shopping Centers to Meet Their Needs May 23, 2014 by Anthony Pingicer
    Latinos | Creating shopping centers to meet their needs May 23, 2014 by Anthony Pingicer Source: DealMakers.net One in every six Americans is Latino. Since 1980, the Latino population in the United States has increased dramatically from 14.6 million, per the Census Bureau, to exceeding 50 million today. This escalation is not just seen in major metropolitan cities and along the America-Mexico border, but throughout the country, from Cook County, Illinois to Miami-Dade, Florida. By 2050, the Latino population is projected to reach 134.8 million, resulting in a 30.2 percent share of the U.S. population. Latinos are key players in the nation’s economy. While the present economy benefits from Latinos, the future of the U.S. economy is most likely to depend on the Latino market, according to “State of the Hispanic Consumer: The Hispanic Market Imperative,” a report released by Nielsen, an advertising and global marketing research company. According to the report, the Latino buying power of $1 trillion in 2010 is predicted to see a 50 percent increase by next year, reaching close to $1.5 trillion in 2015. The U.S. Latino market is one of the top 10 economies in the world and Latino households in America that earn $50,000 or more are growing at a faster rate than total U.S. households. As for consumption trends, Latinos tend to spend more money per shopping trip and are also expected to become a powerful force in home purchasing during the next decade. Business is booming for Latinos. According to a study by the Partnership for a New Economy, the number of U.S.
    [Show full text]
  • New Company to Take Over Dozens of National Stores Outposts
    NEWSPAPER 2ND CLASS $2.99 VOLUME 74, NUMBER 49 NOVEMBER 30–DECEMBER 6, 2018 THE VOICE OF THE INDUSTRY FOR 73 YEARS New Company to Take Over Dozens of National Stores Outposts By Deborah Belgum Executive Editor After filing for Chapter 11 bankruptcy protection in Au- gust, National Stores has found a way to keep some of its stores open after announcing it was closing all of them. Second Avenue Capital Partners, a Schottenstein- family affiliate that is a finance company, said on Nov. 27 it closed a $20-million, asset-based credit facility to fund the purchase and ongoing working capital for a new entity called Fallas Stores. Fallas Stores will be purchasing 85 stores from National Stores during a bankruptcy-mandated auction, the company said. In October, National Stores said it was closing 184 of its stores, which operate under the nameplates Fallas, Fa- llas-Paredes, Factory 2-U and Falas in Puerto Rico. The new Fallas Stores will operate under the same model as the National Stores, selling discounted apparel and other merchandise and buying from the same vendors who sold National page 8 Black Friday Sees a Dip Over Last Year but Still Considered Strong By Andrew Asch Retail Editor While more than 165 million Americans shopped online or in stores during the Black Friday weekend—which now extends from Thanksgiving Day through Cyber Monday— the numbers were down by nearly 10 million shoppers from 2017. In 2017, some 174 million shoppers hit the malls or the Web to make purchases. This year, the National Retail Federation said the aver- age consumer spent $313.29 on gifts and holiday items dur- ing the five-day period.
    [Show full text]
  • CHLA 2017 Annual Report
    Children’s Hospital Los Angeles Annual Report 2017 About Us The mission of Children’s Hospital Los Angeles is to create hope and build healthier futures. Founded in 1901, CHLA is the top-ranked children’s hospital in California and among the top 10 in the nation, according to the prestigious U.S. News & World Report Honor Roll of children’s hospitals for 2017-18. The hospital is home to The Saban Research Institute and is one of the few freestanding pediatric hospitals where scientific inquiry is combined with clinical care devoted exclusively to children. Children’s Hospital Los Angeles is a premier teaching hospital and has been affiliated with the Keck School of Medicine of the University of Southern California since 1932. Table of Contents 2 4 6 8 A Message From the Year in Review Patient Care: Education: President and CEO ‘Unprecedented’ The Next Generation 10 12 14 16 Research: Legislative Action: Innovation: The Jimmy Figures of Speech Protecting the The CHLA Kimmel Effect Vulnerable Health Network 18 20 21 81 Donors Transforming Children’s Miracle CHLA Honor Roll Financial Summary Care: The Steven & Network Hospitals of Donors Alexandra Cohen Honor Roll of Friends Foundation 82 83 84 85 Statistical Report Community Board of Trustees Hospital Leadership Benefit Impact Annual Report 2017 | 1 This year, we continued to shine. 2 | A Message From the President and CEO A Message From the President and CEO Every year at Children’s Hospital Los Angeles is by turning attention to the hospital’s patients, and characterized by extraordinary enthusiasm directed leveraging our skills in the arena of national advocacy.
    [Show full text]
  • Food Distribution in the United States the Struggle Between Independents
    University of Pennsylvania Law Review FOUNDED 1852 Formerly American Law Register VOL. 99 JUNE, 1951 No. 8 FOOD DISTRIBUTION IN THE UNITED STATES, THE STRUGGLE BETWEEN INDEPENDENTS AND CHAINS By CARL H. FULDA t I. INTRODUCTION * The late Huey Long, contending for the enactment of a statute levying an occupation or license tax upon chain stores doing business in Louisiana, exclaimed in a speech: "I would rather have thieves and gangsters than chain stores inLouisiana." 1 In 1935, a few years later, the director of the National Association of Retail Grocers submitted a statement to the Judiciary Committee of the House of Representatives, I Associate Professor of Law, Rutgers University School of Law. J.U.D., 1931, Univ. of Freiburg, Germany; LL. B., 1938, Yale Univ. Member of the New York Bar, 1941. This study was originally prepared under the auspices of the Association of American Law Schools as one of a series of industry studies which the Association is sponsoring through its Committee on Auxiliary Business and Social Materials for use in courses on the antitrust laws. It has been separately published and copyrighted by the Association and is printed here by permission with some slight modifications. The study was undertaken at the suggestion of Professor Ralph F. Fuchs of Indiana University School of Law, chairman of the editorial group for the industry studies, to whom the writer is deeply indebted. His advice during the preparation of the study and his many suggestions for changes in the manuscript contributed greatly to the improvement of the text. Acknowledgments are also due to other members of the committee, particularly Professors Ralph S.
    [Show full text]
  • Additional Case Information
    Michael R. Drobot Industrial Pharmacy Management MediLab Corp California Pharmacy Management Case Number Injured Worker Employer Claims Administrator ADJ7472102 ISMAEL TORRES VALLE 99 CENT ONLY STORES 99 CENT ONLY STORES ADJ1308567 CURTIS RIGGINS EMPIRE DISTRIBUTORS ACCA ADJ8768841 MARTIN AVILA TRM MANUFACTURING INC ACCELERATED CLAIMS IRVINE ADJ7014781 JEANETTE WILSON LA COUNTY ACCLAMATION 802108 SANTA CLARITA ADJ7200937 SUSAN NAVARRO DEPT OF PUBLIC SOCIAL ACCLAMATION 802108 SANTA SERVICE CLARITA ADJ8009655 MARIA PAEZ RUSKIN DAMPERS AND ACCLAMATION 802108 SANTA LOUVERS CLARITA ADJ1993776 ROBERTA VILLARREAL COUNTY OF LOS ANGELES ACCLAMATION FRESNO ADJ1993776 ROBERTA VILLARREAL COUNTY OF LOS ACCLAMATION FRESNO ANGELES/DPSS ADJ7117844 TOMMY ROBISON CITY OF MARICOPA ACCLAMATION FRESNO ADJ8162473 ONORIO SERRANO ESPARZA ENTERPRISES INC ACCLAMATION FRESNO ADJ8420600 JORGE LOZANO HARRIS RANCH BEEF ACCLAMATION FRESNO COMPANY ADJ8473212 DAREN HANDY KERN SCHOOLS FEDERAL ACCLAMATION SACRAMENTO CREDIT UNION ADJ8845092 CHAO HER FRESNO MOSQUITO ACCLAMATION SACRAMENTO ABATEMENT DIST ADJ1361532 THELMA JENNINGS LOS ANGELES COUNTY/DPSS ACCLAMATION SANTA CLARITA ADJ1611037 ALICIA MORA ANDERSON BARROWS METALS ACE CORP ADJ1995137 ALBERTO GUNDRAN ABLESTIK LABORATORIES ACE ADJ208633 SHAUN WIDNEY AMPAM ACE ADJ208633 SHAUN WIDNEY AMPAM RCR COMPANIES ACE ADJ208633 SHAUN WIDNEY PLUMBING CONCEPTS INC ACE ADJ2237965 JOSE CALDERON FMI EXPRESS ACE ADJ2353287 DEBORAH PRENTICE ANAHEIM CITY SCHOOL ACE DISTRICT ADJ246218 PAUL LIGAMMARI LOS ANGELES COLLEGE OF ACE CHIROPRACTIC
    [Show full text]
  • (NAARS): Official Listing of the Corporations Comprising the 1972 Annual Report File
    University of Mississippi eGrove American Institute of Certified Public Guides, Handbooks and Manuals Accountants (AICPA) Historical Collection 1972 National Automated Accounting Research System (NAARS): Official Listing of the Corporations Comprising the 1972 Annual Report File American Institute of Certified Public Accountants (AICPA) Follow this and additional works at: https://egrove.olemiss.edu/aicpa_guides Part of the Accounting Commons, and the Taxation Commons Recommended Citation American Institute of Certified Public Accountants (AICPA), "National Automated Accounting Research System (NAARS): Official Listing of the Corporations Comprising the 1972 Annual Report File" (1972). Guides, Handbooks and Manuals. 703. https://egrove.olemiss.edu/aicpa_guides/703 This Book is brought to you for free and open access by the American Institute of Certified Public Accountants (AICPA) Historical Collection at eGrove. It has been accepted for inclusion in Guides, Handbooks and Manuals by an authorized administrator of eGrove. For more information, please contact [email protected]. THE NATIONAL AUTOMATED ACCOUNTING RESEARCH SYSTEM NAARS OFFICIAL LISTING OF THE CORPORATIONS COMPRISING THE 1972 ANNUAL REPORT FILE PAGE 1 1972 ANNUAL REPORT FILE ALPHABETICAL LISTING COMPANY NAME SIC S EX B S DATE AUDITOR A & E PLASTIK PAK CO., INC. 309 ASE 12-31-72 PMM A.B. DICK COMPANY 508 OTC 12-31-72 AA A.E. STALEY MANUFACTURING COMPANY 204 NySE 09-30-72 HS a.g. Edwards & sons inc 621 ASE 02-28-73 TR a.h. rOBins company, incorporated 283 NYSE 12-31-72 a.m. pullen & company a.M. castle & co. 509 ASE 12-31-72 AA a.o. smith corporation 371 NYSE 12-31-72 ay a.p.s.
    [Show full text]
  • This Sixty-Day Notice of Intent to Sue for Violation of the Safe Drinking Water and Toxic Enforcement Act of 1986 Is Addressed To
    SIXTY-DAY NOTICE OF INTENT TO SUE FOR VIOLATION OF THE SAFE DRINKING WATER AND TOXIC ENFORCEMENT ACT OF 1986 {Cal. Health <& Safety Code § 25249.5, et seq.)("Proposition 65") May 31, 2018 This Sixty-Day Notice Of Intent To Sue For Violation Of The Safe Drinking Water And Toxic Enforcement Act Of 1986 is addressed to: Michael Fallas, President Or Current President / CEO National Stores, Inc. dba Fallas, Fallas Paredes, Fallas Discount Stores, Factory 2-U, Factory 2-U Stores Inc., Factory 2 U, Anna's Linen's by Fallas, M M & J Ventures, Michael/Moses/Joseph Fallas 15001 S. Figueroa Street Gardena, CA 90248 Michael Fallas, CEO Michael Fallas, CEO or Michael Fallas, CEO or Or Current President/CEO Current President/CEO Current President/CEO FP Stores Inc., dba Fallas and National Stores, Inc., dba Michael/Moses/Joseph Fallas, Fallas Kids Michael/Moses/Joseph Fallas DBA M M & J Ventures 15001 S. Figueroa Street 6633 Van Nuys Blvd 6633 Van Nuys Blvd Gardena, CA 90248 Van Nuys, CA 91405 Van Nuys, CA 91405 Michael Fallas, CEO Michael Fallas, CEO Michael Fallas, CEO or Or Current President/CEO Or Current President/CEO Current President/CEO J and M Sales Inc., dba Fallas, J&M Sales Inc. dba La Moda For J & M Sales Corporation Factory 2 U,Factory 2U Kids Inc. 15001 S. Figueroa Street 15001 S. Figueroa Street 15001 S. Figueroa Street Gardena, CA 90248 Gardena, CA 90248 Gardena, CA 90248 Michael Fallas, CEO or Joseph Fallas, CEO Michael Fallas, CEO or Current President/CEO Or Current President/CEO Current President/CEO Michael/Moses/Joseph Fallas, dba Fallas Management, Inc.
    [Show full text]
  • List of Stocks Registered on a National Securities Exchange and of Redeemable Securities of Certain Investment Companies
    List of Stocks Registered on a National Securities Exchange and of Redeemable Securities of Certain Investment Companies AS OF JUNE 30, 1965 (PREPARED FOR PURPOSES OF REGULATION U) BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON SEPTEMBER 1965 This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library ([email protected]) Foreword This list is divided into two parts: Part I— Stocks Registered on a National Securities Exchange.............................................................. P* 4 Part II—Redeemable Securities Issued by Open-End Investment Companies Whose Assets Customarily Include Stocks Registered on a National Securities Exchange ..............................p. 23 The purpose of the list is to facilitate compliance by banks with the provisions of Regulation U of the Board of Governors of the Federal Reserve System, entitled “Loans by banks for the purpose of pur­ chasing or carrying stocks registered on a national securities exchange." Regulation U applies to all banks in the United States, including both members and nonmembers of the Federal Reserve System. Any inquiry relating to the regulation should be addressed to the Federal Reserve Bank of the district in which the inquiry arises. Section 221.3 of Regulation U provides as follows: “(b) (2) A loan for the purpose of purchasing or carrying a 'redeemable security’ (i.e. a redeemable proportionate interest in the issuer’s assets) issued by an 'open-end company’, as defined in the Investment Company Act of 1940, whose assets customarily include stocks registered on a national securities exchange, shall be deemed to be for the purpose of purchasing or carrying a stock so registered.
    [Show full text]
  • Get in Shape NEW YORK — Giorgio Armani Knows How to Keep Fit
    SCAASI’S STRIPTEASE/6 WHO PAYS FOR PORT SECURITY?/14 WWDWomen’s Wear Daily • The Retailers’TUESDAY Daily Newspaper • August 17, 2004 • $2.00 Ready-to-Wear/Textiles Get in Shape NEW YORK — Giorgio Armani knows how to keep fit. For Armani Collezioni spring, he’s making the little shrunken jacket his own, sending out myriad playful variations on it. Here, a breezy wide-collared cotton and silk version worn with a cotton top and cotton and elastin jeans. For more on Armani Collezioni, see page 8. Storms Spare Florida Retailers, but Comps Outlook Weakens By Georgia Lee and Katherine Bowers stores on Sunday and Monday as Southeastern U.S. last week, are Y PORTIA PETERS Y PORTIA ATLANTA — This time, the weather Floridians found respite in shopping expected to depress August same- really is having an impact. malls. Still, Bonnie and Charley, the store sales by up to 2 percent at Retailers generally escaped any respective tropical storm and Federated Department Stores and major physical damage from the hurricane that dealt a deadly blow the Neiman Marcus Group, as well weekend storms and reported busy to parts of Florida and the See Storm, Page 18 PHOTO BY DAVID TURNER; HAIR AND MAKEUP B DAVID PHOTO BY 2 WWD, TUESDAY, AUGUST 17, 2004 WWW.WWD.COM WWDTUESDAY Eskenasi to Exit Saks Inc. Ready-to-Wear/Textiles By David Moin Eskenasi could not be reached to learn about GENERAL her plans. The impact of Hurricane Charley and Tropical Storm Bonnie on the NEW YORK — Saks Inc.’s aggressive private label “I’m sure she can write her own ticket wher- 1 Southeast is expected to hurt August sales at Federated and Neiman’s.
    [Show full text]
  • Food Retailing and Processing Practices
    6,7 FOOD RETAILING AND PROCESSING PRACTICES HEARING BEFORE THE SUBCOMMITTEE ON CONSUMER ECONOMICS OF THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES NINETY-THIRD CONGRESS SECOND SESSION MAY 21, 1974 Printed for the use of the Joint Economic Committee 0 U.S. GOVERNMENT PRINTING OFFICE 41-662 WASHINGTON : 1974 For sale by the Superintendent of Documents, U.S. Government Printing Office Washington, D.C. 20402 -Price $2.75 I I JOINT ECONOMIC COMMTUITTEE Cong.) (Created pursuant to see. 5(a) of Public Law 304, 79th WRIGHT PATMAN, Texas, Chairman WILLIAM PROXMIRE, Wisconsin, Vice Chairman HOUSE OF REPRESENTATIVES SENATE Alabama RICHARD BOLLING, Missouri JOHN SPARKMAN, Arkansas HENRY S. REUSS, Wisconsin J. W. FULBRIGHT, RIBICOFF, Connecticut MARTHA W. GRIFFITHS, Michigan ABRAHAM H. HUMPHREY, Minnesota WILLIAM S. MOORHEAD, Pennsylvania HUBERT BENTSEN, JR., Texas HUGH L. CAREY, New York LLOYD M. JAVITS, New York WILLIAM B. WIDNALL, New Jersey JACOB K. H. PERCY, Illinois BARBER B. CONABLE, JR., New York CHARLES PEARSON, Kansas CLARENCE J. BROWN, Ohio JAMES B. SCHWEIKER, Pennsylvania BEN B. BLACKBURN, Georgia RICHARD S. JOHN R. STARK, Executive Director LOUGHLIN F. MCHUGH, Senior Economist RICHARD F. KAUFMAN, General Counsel ECONOMISTS SARAH JACKSON WILLIAM A. Cox LuCY A. FALCONE JOHN R. KARLIK L. DOUGLAS LEE JERRY J. JASINOWSKI YUSPEH COURTENAY M. SLATER LARRY MINORITY (Counsel) WALTER B. LAESSIG (Counsel) LESLIE J. BANDER GEORGE D. KRUMBHAAR, Jr. SUBCOMMITTEE ON CONSUMER ECONOMICS HUBERT H. HUMPHREY, Minnesota, Chairman SENATE HOUSE OF REPRESENTATIVES S. MOORHEAD, Pennsylvania WILLIAM PROXMIRE, Wisconsin WILLIAM GRIFFITHS, Michigan ABRAHAM RIBICOFF, Connecticut MARTHA W. S. REUSS, Wisconsin JACOB K. JAVITS, New York HENRY L.
    [Show full text]
  • Merchants Go to Market
    CHAPTER 10 Merchants Go to Market November 2009 Mary A. O’Sullivan The Wharton School University of Pennsylvania 1. INTRODUCTION The period from the late nineteenth century through the beginning of the Depression was one of dramatic change in America’s retail industry. In 1885, mass retailers – department stores, mail order firms, and chains ‐‐ were of limited importance as a share of retail sales but, by 1930, they had emerged as the most powerful players in a sector that itself had grown much larger. Traditional retailers persisted, of course, even if they accounted for a decreasing share of the retail industry, but they too made important changes in how they did business, partly in reaction to competition from mass retailers, but also in response to broader changes in their environment. Overall, this was a period of great change in American retailing even if there is debate about the economic benefits of some of the developments that occurred. Retailers were rather late arrivals on the nation’s securities markets, making an appearance only in 1901 when department stores issued securities to the public for the first time. The early issuers were department stores in pursuit of consolidation and recapitalisation. However, in the mid‐teens, major financial problems at some of the leading players soured the markets’ appetite for department store securities. Other mass retailers issued securities, in some cases to raise growth finance and in others for recapitalisation and consolidation. Overall, however, securities issues played a rather limited role in the development of the U.S. retail industry through the end of the First World War.
    [Show full text]
  • Each Year, IHA Sponsors the International Home + Housewares Show
    2018 State of the Industry Report The International Housewares Association – The Home Authority® – is strategically positioned to connect, inform, support and enable its international membership to lead in the global marketplace. The International Housewares Association (IHA) is committed to maximizing the success of the global home products industry on behalf of its membership by providing a world- class home products marketplace, facilitating global commerce and the buyer-seller interface, increasing consumer awareness and interest in home products, gathering and disseminating essential marketplace intelligence and educating and supporting key constituencies to improve th eir success. Each year, IHA sponsors the International Home + Housewares Show. With nearly 60,000 attendees, the Show is one of the largest trade events in the world. Future Show dates: March 2 – 5, 2019 March 14 – 17, 2020 March 13 – 16, 2021 March 5 – 8, 2022 Additional information, including registration, is available at www.housewares.org. i 2018 State of the Industry Report 2018 State of the Industry Report Dear Housewares Executive, The 2018 IHA State of the Industry Report is a joint endeavor of the International Housewares Association (IHA) and Raftery Resource Network, Inc. This publication includes a compilation of data from the IHA annual membership survey as well as data from several authoritative sources, including the U.S. Government, industry trade journals and industry data services. The timing of the report coincides with the release of key data about consumer spending during the previous year (2017). The methodology used to project housewares sales incorporates these data and remains consis7tent with prior years’ reports, with one exception, which became effective with the 2008 report.
    [Show full text]