Word: fashionability
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Dates: during 1970-1979
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When Sears, Roebuck's profits tumbled 28% in 1974, it was all too obvious why. Seeking a fashion image, the company had been stocking and advertising higher-priced goods; when the recession suddenly made shoppers price conscious, Sears was stuck with unsold inventories, and discount merchandisers like K mart successfully invaded its old middlebrow market. Since then, Sears has shifted back into its traditional niche between the low-priced stores and the fashion shops, largely at the urging of Senior Executive Vice President Edward R. Telling. Last week Telling, 58, got his reward: a committee of directors chose...
Telling beat out four other Sears executives, including President Dean Swift, who some thought had the inside track. But Swift had been neutral in the fashion v. tradition battle; Telling strongly supported the move back to the middle market and, since he was boss of all field operations, his voice was decisive. Says he: "We are not Bloomingdale's or K mart. We are once again back to where people feel comfortable with us." The move has been a huge success: Sears' sales of $15 billion and profits of $695 million in 1976 both set records...
...Failing itself, well, it is hard to judge a first effort without being overly critical. Gallo's play bears the marks of a talented young playwright, yet at the same time it bears the scars that usually mar a first work, albeit in a somewhat unusual fashion. The production itself has some very strong points, but also some weak acting, an annoyingly static plot, and seemingly uninspired direction, all of which leave it somewhat lifeless...
...soccer season, disappointing although not in any fashion a disappointment, proved a number of things. Primarily, it proved that Coach George Ford may, at last, feel completely comfortable at the helm. The problems that have beset that man in the past seasons are too numerous to delineate. But the period of adjustment has apparently ended, and it should not be very long before Harvard enjoys the national rankings it held in the early '70s. They almost got there this year...
...falls on the shoulders of George Smiley, typically a shrewd but atypically a paunchy and unglamorous secret agent. Moving to the offensive, Smiley assigns Jerry Westerby--dubbed "the honourable schoolboy" for his noble lineage and his bookish manner--to snarl the operations of the Soviet spy network. In usual fashion, Westerby's mission takes him to Hong Kong and Indochina, into the middle of an international narcotics ring and a KGB scheme to subvert a pack of Red Chinese politicos--and unavoidably, into a few bedrooms as well. But somewhere along the way, Westerby begins thinking unsoldierish thoughts, railing...