Word: bonwit
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...Bonwit Teller Burlington...
...Montgomery Ward chain reported "surprisingly strong" sales during the last four days before Christmas. In New York City, an executive of Bloomingdale's says, "I never saw the aisles as packed as they were this year," and President George Baylis of Bonwit Teller thankfully notes "the compelling power of Christmas to get people out shopping. The flurry was 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...
...fiscal year ended July 3 1, sales of Genesco's various divisions (Bonwit Teller, I. Miller, Flagg Bros. Shoes) reached a record $1.4 billion, but the company lost $53 million. To stop the drain, Franklin has decided to close 100 women's shoe stores, to sell an Italian men's clothing firm, and is even unloading the 347-unit S.H. Kress variety store chain. He has already shut down three textile plants in Tennessee and North Carolina. Together, these operations accounted for $18 million of the fiscal-1973 red ink. From now on, says Frank the Knife...
...bookings to bring foreign tourists into the U.S. this year, triple the number in 1972. The American Express credit card gained a million new holders last year, increasing its membership to 5,000,000, partly by signing up such U.S. department stores as Macy's and Bonwit Teller, in addition to hotels and restaurants. Indeed the "Money Card" has become the most widely held among the so-called "travel and entertainment" cards. As a result, Diners Club (1,850,000 holders) and Carte Blanche (700,000) have lately begun advertising their cards as supplements, rather than competitors...
Unions representing employees of some retail chains, including locals at E.J. Korvette and Grand Union, have won contract provisions severely limiting lie-detector tests. A few stores, like New York's Bonwit Teller, have abandoned tests on sales personnel because of worker opposition. And many executives, whether out of consideration for good employee relations or philosophical conviction, will have nothing to do with the machine...