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Even with Container Corp. in its fold (and combined revenues of $2.36 billion for last year), Montgomery Ward would still rank third in its field, well behind Sears, Roebuck and a bit below J.C. Penney. In his seven-year struggle to revitalize Wards, Tom Brooker has unabashedly borrowed many tactics from Sears, where he rose to a vice presidency for manufacturing before leaving in 1958 to head appliance-making Whirlpool Corp. He closed marginal outlets, invested much of Wards' pile of idle cash in big new suburban stores, revamped sagging catalog sales, upgraded merchandise lines, established long-term contracts...

Author: /time Magazine | Title: Mergers: Wards' New Package | 7/12/1968 | See Source »

Bank charge-card schemes are also going international, enabling holders to use their cards when traveling abroad. Interbank, with Banco Nacional de Mexico S.A. already in the fold, hopes soon to sign up banks in Japan and Western Europe as well. Not to be outdone, BankAmericard has gone into a joint credit-card venture with Barclays Bank Ltd. in Britain, Sumitomo Bank in Japan and four banks in Canada. BankAmericard is already interchangeable with Barclaycard and Sumitomo card, and next month the Canadian banks will join the system with their own Chargex card. So that merchants in the four countries...

Author: /time Magazine | Title: Credit: International Card Game | 7/12/1968 | See Source »

That summer the hip people felt no loyalty to one another, and shared no eagerness in a common interest--the kind of feelings that make a viable community. Most people were sure the head shop would go under and Avatar would fold after the next issue...

Author: By John G. Short, | Title: Sunday Afternoon on Cambridge Common With Troy Fleming and the Family Dog | 7/1/1968 | See Source »

...would not quite leave Italy ungoverned, for the 91 Socialist Deputies say that they are prepared to vote on major issues with the minority Christian Democratic administration. Then, if the Christian Democrats come through with more social and economic reforms, the Socialists promise they will consider returning to the fold at their party congress next October. Center Left Leader Aldo Moro thus far has refused to govern with a Socialist pistol at his head, so last week President Guiseppe Saragat began seeking a more willing candidate-or a better solution to the deadlock...

Author: /time Magazine | Title: Italy: Without a Government | 6/14/1968 | See Source »

...track them down." To provide designs for issues she has called on the services of Andy Warhol and Quentin Fiore, co-author with Marshall McLuhan of The Medium is the Massage. She is collaborating with Buckminster Fuller on a future issue in which each article will be designed to fold into a geodesic dome or other geometric construction. Also in the works is an issue devoted to the Far East, with scrolls and screens scented with incense, and a wilderness issue, complete with a wild-food recipe kit for gourmet survivors...

Author: /time Magazine | Title: Magazines: Hear It, Feel It, Hang It | 6/7/1968 | See Source »

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