Word: gimbel
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...week to the daddy of discounters. With the opening of a new nine-story, marble-and-glass store directly across from Macy's, E. J. Korvette, Inc., has moved into Manhattan's bustling Herald Square-34th Street retailers' lair, which also houses such formidable outfits as Gimbel Bros., B. Altman and Ohrbach...
...pair (or in kits complete with yarn and patterns that cost from $18 to $50), "Jumbo Jets" are being sold in 25 department stores and 1,500 knit shops throughout the nation. Chicago's Marshall Field sold 3,000 pairs of them last month; Gimbel's Pittsburgh store sold 1,200 pairs in a single day. Says Helena Stockwell, owner of the Knit Shop in Highland Park, III.: "They've gotten us a lot of new customers, and old customers who haven't knitted for ages are taking it up again...
...Greeley Square store, with its two subterranean floors of bargain basement for subway shoppers, was an immediate success. On the strength of it, Bernard Gimbel took another chance. In 1923 he negotiated with Horace A. Saks to buy Saks's 34th Street store as well as the Fifth Avenue site where Saks was planning an uptown store. The negotiations took place partly in a railroad baggage car, where the two men sat atop an empty coffin and talked business. Saks's Cadillac-class merchandise now accounts for half of Gimbel Bros.' earnings...
...Opera Is Too Dangerous." Outside the store, Gimbel was, in his own words, "a simple man." Wife Alva, to whom Gimbel was married for 54 years, once tried to get him interested in opera. Their first night at the Met, a pair of opera glasses fell out of a box above them and hit Gimbel on the foot. "If that had been my head, I would have been killed," he said. "Opera is too dangerous." Instead he settled for gin rummy, frequent trips to nearby race tracks with such intimates as Toymaker Louis Marx, and daily sessions at the Biltmore...
Died. Bernard F. Gimbel, 81, empire builder of Greeley Square; of cancer; in Manhattan (see U.S. BUSINESS...