Word: gimbel
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Dates: during 1920-1929
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Sakses Out. In 1842 Adam Gimbel started a store in Vincennes, Ind. In 1867 Andrew Saks opened one in Washington, D. C. Both grew vast and branched out. In 1923 Gimbel's descendants bought from Saks' relatives their Manhattan store (TIME, Dec. 14). So next April 30 those relatives, Isadore, Joseph I. and William A., will withdraw from their Manhattan activities...
...cashier when they pay for a 30c purchase, "Oh, by the way, how much is this store worth?" . . . "About $16,000,000 a year." . . . "Here's my check. Wrap the place up. Ill take it home with me." Just this, with a little more formality, is what Gimbel Bros, (of New York, Philadelphia and Milwaukee) did last week to the Kaufmann & Baer Co., one of the biggest department stores in Pittsburgh, whose business last year amounted to more than $16,000,000. After a conference in Philadelphia which ended at 4 o'clock in the morning, they signed...
...street to the seventh floor. It employs 2,000 people. Within a few minutes' walk of the main building is a large new seven-story warehouse. On the roof of the main store is a radio broadcasting station, WCAE. This is the third national broadcasting station operated by Gimbel Bros., which already owns WGBS...
Since Adam Gimbel, father of the present partners, founded the first Gimbel store in Vincennes, Ind., in 1842, the family has prospered. Two sons branched out in Milwaukee; the growing enterprise was extended to Philadelphia, then to New York. In April, 1923, they acquired the entire capital stock of Saks & Co., which gave them title to the Saks Fifth Avenue and Herald Square stores. A month ago they bought the 18-story Cuyler Building on 32nd St., Manhattan, opposite their Herald Square business seat. With Kaufmann & Baer, they now own a chain of six huge department stores, which means increasing...
...eleven Gimbels are to be thought of in terms of a football team, the dynamic Richard must be thought of as quarterback and captain-elect. His biography is briefly given: graduated (in 3% years) from Yale College in the class of 1920; has learned the department store business from the bottom up. Many other things are related of him-the anecdotes that barnacle the career of any unusual personality. Though not prepossessing in appearance, Richard Gimbel almost invariably gets what he wants. Perhaps it is a hotel room...