Word: buying
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Dates: during 1960-1969
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...store that Straus runs not only looms large in a nation that loves to buy; it has become part of the American scene. Macy's has inspired a movie (Miracle on 34th Street} and a Broadway musical (Here's Love). It has been the subject of an armful of books, of countless gags and cartoons, of many enduring legends. Its 40-year-old Thanksgiving Day parade - a two-mile panoply of celebrities, bands, six-story-tall balloons and pneumatic majorettes -is yearly watched by a million New Yorkers and a TV audience of 60 million. For visitors...
...Macy's shopper can buy an iguana ($2.49), a painting by Joan Miró, a heart-shaped mattress, an old-fashioned stiff collar, a complete set of Tom Swift books, fresh Beluga caviar, and 900 Macy's private-label items, the last at prices 10% to 15% below national brands. Macy's has a shop that sells nothing but candles, another devoted solely to Oriental rugs, still others dealing only in antiques or plastic flowers. It also has its own prescription drugstore, hardware and auto-accessories shops, theater club, travel agent, and a jewelry store watched over...
...absence of inflation, which many economists had feared might be one of the undesirable results of the tax-cut stimulus. The cost of living rose only 1.3% during the year, a fact that enabled the consumer to buy more for his money, prevented undue stockpiling and kept the U.S. competitive in world markets...
...addition to regular salaries, many American families also fatten their pocketbooks with second and even third incomes-and most of those are used as discretionary income. One-third of U.S. married women hold jobs, and many wage earners moonlight in order to build on an extra room or buy a new freezer. The consumer can make the economy rise by trading up from hamburger to steak, buying an air conditioner to replace the window fan or taking that long-planned trip to Europe. By the same token, he has the power to slow or reverse the economic advance by deciding...
Lackadaisical Lad. The Macy's image was cast by Jack Straus's forebears. Straus is descended from a line of German-Jewish traders who at the turn of the century paid $1,645,000 to buy Macy's, a thriving store that had been founded in 1858 by a onetime Yankee whaler named Rowland Hussey Macy. Straus's grandfather Isidor was a legendary merchant who started Macy's on its road to fame, later went down with the Titanic rather than get into a lifeboat while women and children were still aboard. Jack...