Word: grosse
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Dates: during 1940-1949
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...with the same horse-&-buggy techniques of 50 years ago." The tradition of the industry forced retailers of ready-made suits to keep big inventories to supply only a small range of materials and sizes. In addition, alterations for the hard-to-fit customer cost retailers 6% of their gross. Why not work out a method to eliminate alterations? To Booth the answer was photography-in effect, an application of the Bertillon system. He took the idea to Eastman Kodak Co., which developed the PhotoMetric camera, which anyone can operate...
...million and 75,000 shares of Hoving Corp. common stock (worth about $800,000 at its present price), he bought control of New York's six John David, Inc. men's wear stores (last year's gross: $8.8 million). That deal gave Hoving a total of 13 stores, boosted his current gross to an annual rate of $28 million...
General Motors led the list with a net of $96.4 million on gross sales of $1,089,000,000, the best quarter in its history. Studebaker also hung up a record with a net of $4.2 million, up almost 162% above 1947's first quarter. Packard, which had been deep in the red in the first quarter last year because of steel shortages, totted up a $1.3 million profit, more than it made...
Kaiser-Frazer, which had lost heavily in last year's first quarter, reported a $2.3 million net for the first quarter this year (but this was less than 3% on gross sales of $79 million). For all of them, the jump in profits was due to the 35% or more increase in their gross...
Only Chrysler was out of step. It furnished a prime example of how the profits of the industry-with a break-even point well above that of prewar-might melt if production had to be trimmed. Chrysler, nipped by shortages and wildcat strikes, reported a gross of $336,519,790, up only 6% from last year's first quarter. But its net profit was down 30% to $14.9 million...