Word: bullock
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Dates: during 1960-1969
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...suit the venturesome male mood, mod boutiques are proliferating in department stores, from Manhattan's Bonwit Teller and Chicago's Marshall Field to Sakowitz in Houston and Bullock's in Los Angeles. Current symbol of the freer male attitude is the turtleneck pullover now being worn by just about everybody from Lyndon Johnson, who fancies the comfort of turtlenecks for travel aboard Air Force One, to the Duke of Windsor, who slips into one for small, informal dinner parties. To go with tuxedos for evening, turtlenecks are becoming fancier, now come in silk or piqué, with...
...Miami, Filene's of Boston, Foley's of Houston and Goldsmith's of Memphis, has built so many suburban stores that last year, for the first time, branch sales exceeded those of big downtown stores. In 1964, in its latest acquisition move, Federated took over Bullock's of Cal ifornia, which includes I. Magnin & Co., a Bullock subsidiary with 20 stores that set styles all over the state-even in sophisticated San Francisco...
...Bullock's will be the last department store addition for a while. As part of the transaction, Federated agreed with the Federal Trade Commission that it would not buy any more such stores for a five-year period. Expansion-minded Ralph Lazarus, therefore, is looking for other opportunities. The company is about to open a string of discount stores under the name "Gold Circle," has borrowed $20,000,000 to invest in European retailing if an opportunity comes...
...through American Express). In parts of the Midwest, competition has driven the rate down to 3%, but even that is not quite low enough to attract major retailers, who have a heavy investment in their own credit setups. President M. E. Arnett of Los Angeles' Bullock's Magnin suggests that at a 2½% discount department stores might well join up. Meantime, bank cards are helping many small shopkeepers to lift their sales-to the discomfiture of their competitors...
...tons a month of mostly U.S. grain to drought-tormented India this year. Despite alarming predictions that millions of people might starve to death in that land, famine has been fended off. The massive U.S. effort, plus surprisingly effective distribution of rationed wheat and rice through India's bullock-and-leather-bucket economy, proved the apocalyptic prophets wrong...