Word: departmentals
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Dates: during 1940-1949
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Jet research is old stuff at CalTech, which has always gone in for rough and noisy engineering. But until World War II, Princeton's academic calm was almost unbroken. Toward war's end it went jet with a bang. The screaming roar of rockets and ramjets in the...
"Chubby in build and cheery in face, Sir Edward likes human beings, and says it will be a terrible wrench to leave his closest colleagues in the British Civil Service [since 1939, he has been Secretary of Britain's Department of Scientific and Industrial Research]. If he's...
With shelves piled high, retailers were still waiting for the Christmas rush. At week's end it had not materialized. Department-store sales were still below last year's, despite a rash of bargain sales.
This week, the Boston Store got a new owner: Federated Department Stores, Inc., headed by wide-awake Fred Lazarus Jr. (TIME, Feb. 1, 1937, et seq.). In the deal, Lazarus exchanged 292,600 shares of Federated common stock (market value: about $8,000,000) for the Boston Store stock. But...
The addition of the Boston Store's earnings helped assure Federated of fourth place among U.S. department store chains. Still ahead of Federated (20 stores with the Boston) are J.C. Penney Co. (1,603 stores), the May Department Stores Co. (24 stores) and Allied Stores Corp. (78 stores). Profitwise...