Word: appareled
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...Backlog. The company in the past year has dumped the old top management, closed 137 of the chain's 1,206 stores and cut its work force of 85,000 by 23,000. Under Kendrick, Grant is once again emphasizing its traditional less expensive lines of apparel, beauty products and home furnishings. But the chain is still carrying a mountainous backlog of air conditioners, refrigerators and other big appliances. Even if Grant can squeak past the threat of a bankruptcy liquidation next year, its future survival could well depend on how profitably it manages to sell off its inventory...
When Barnaby last discarded his tennis apparel, he did so with a bit of chagrin. The 1974 Harvard tennis team had not lived up to his preseason expectations, finishing fourth in the Ivy League, but Barnaby's inclinations were to blame neither the team nor its schedule. Instead, the godfather of catgut vent his wrath in the direction of God. And with good reason...
...only a few days long, but it did keep us ahead of last year." Jordan Marsh, Zayre Corp. and Filene's stores in Boston all enjoyed the eleventh-hour boom, as did Rich's in Atlanta, especially in small gift items. In San Francisco, the Livingston Bros, apparel chain actually had its best day ever the Monday before Christmas. And as far as overall holiday sales were concerned, business was up a healthy 8% over...
Walter Heitmann is a man who looks as though he would be more comfortable in the uniform of an army officer than in the formal apparel of a diplomat. In fact, a few years ago he was one of the highest-ranking men in the Chilean Armed Forces, a general in the Air Force. His retirement in 1972 proved abortive when the military junta that ousted President Salvador Allende in September 1973 drafted him--and his fluent English--to serve the new government as its envoy to the United States. His articulateness in defending the military government of Gen. Augusto...
...Government subsidy of $10 million a month. Nationwide, more than 5,000 businesses failed in the first half of 1974, leaving unpaid bills of more than $1.5 billion, almost 50% more than the liabilities of businesses that went bust in the comparable period of 1973. Builders and textile and apparel manufacturers are going broke the fastest...