Word: grossness
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Dates: during 1940-1949
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...slid into the department-store business in the depression '30s. With the once prosperous City Stores Co. verging on bankruptcy, Banker Greenfield moved in to protect an $8 million loan, reorganized the company with himself as boss. Under him, City Stores mushroomed from five stores to 22, its gross from $33 million to last year's record $168 million. Profits also hit a record...
...fast-growing, nine-store Franklin Simon & Co., Inc. chain of specialty shops. Like Greenfield, Odium had also gone into the department-store business during the depression. He had spent $750,000 expanding Franklin Simon, opening branches in Atlanta, Washington, Cleveland, Bridgeport, Garden City, East Orange. He lifted its gross from $10 million to $20 million, turned a $148,000 loss into a 1948 profit of $306,000. He had sold out because "we don't like to stick with any proposition more than three to ten years. We had done all we could with Franklin Simon...
With Franklin Simon's gross of $20 million, Greenfield expected to boost City Stores' 1949 sales to $210 million, push hard on the heels of Chicago's Marshall Field & Co. as the sixth biggest U.S. department-store chain...
...AMERICANS: "It is a gross oversimplification to say that Britain's present difficulties are solely due to mistakes in British policy." FOR BRITONS : "For a generation past, the British people have been paying far too little attention to their competitive position in the world...
Hoffman pointed out that in 1948 the U.S. had a gross national product of $254 billion. "Just three-tenths of 1% more of that spent on British goods,"he said, "and the dollar gap can be closed . . . First, study carefully what the Americans want. Then make it at prices they are able and willing to pay, and package it to appeal to the American consumer. That is the way to earn dollars...This will take energetic salesmanship as well as cheap production. It is the challenge confronting the business statesmanship of Britain...