Word: gimbel
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...even for the honor of running (he biggest woolen company in the U. S. Mr. Warner, an expert on merchandising and style promotion, had a good salary and plenty of honor as president of McCall Corp. Mr. Noah was said to be getting $50,000 as vice president of Gimbel Bros., Philadelphia. The thing that clinched their bargain with American Woolen was the right to collect a bonus of from 22% to 6% of all net profits over $2,000,000. This request the company was delighted to grant. It had lost so much money in the preceding three years...
...came swiftly-notably in cigarets, books and branded drugs, the retail price of which had been maintained by codes. Schulte Retail Stores promptly resumed the issuance of premium coupons and joined other big chains in cutting leading cigarets from 12½? per pack to 11½?. Macy's, Gimbel's and Bloomingdale's, the three big Manhattan department stores whose legendary price vendettas are a merchandising tradition, were at it again as soon as their doors opened the morning after the Supreme Court's decision. In one day's skirmish cigarets at Macy...
...Clothier. The founders did a rushing business in Quaker shawls & bonnets which Strawbridge & Clothier still sells today. Only once in 73 years has it ever lost money. That was the year (1932) it opened its 14-story Market Street skyscraper, Philadelphia's most modern store. More conservative than Gimbel's, second only to Wanamaker's in total sales, Strawbridge & Clothier prides itself on a long list of innovations. It sent out the first typewritten bills in 1900. It dared to stop giving discounts to clergymen in 1919. It was Philadelphia's first store to install airconditioning...
...Gimbel would not stand any longer the slaughter by Mr. Kaufmann of efficient and loyal Philadelphia executives. Mr. Gimbel expects Wall Street experts, lawyers, bankers and accountants to combine in an effort to throw him out of the business, but he is confident that in the end the stockholders or bondholders or the courts will sustain his position...
When the Board of Directors met in Manhattan next day, four Gimbels (unnamed) were on Richard's side. But Cousin Bernard rounded up enough votes to confirm Richard's dismissal, appoint Mr. Kaufmann to succeed him. Again, Richard met the newshawks, told them the executives of other Gimbel stores were "scabs," then blurted menacingly: "If you boys are going to take sides, better choose the right side." Philadelphia newspapers saved themselves the trouble by discreetly ignoring the whole fight...