Word: haling
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Dates: during 1960-1969
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...That philosophy of delegation has seemed to work. At 34 only eight years out of graduate school, Carter became the $60,000-a-year merchandise manager of the May Co. in Los Angeles. Today he is the president and chief executive of California's 28-store Broadway-Hale retailing chain which he has built from a three-branch, $30 millon-a-year operation into the West's largest department-store group (1964 sales: a record $219 million...
...Carter's ability to delegate authority has not only made him a successful retailer but enabled him, at 54, to spread his personal enterprises into dozens of cultural and civic departments. Besides keeping watch on the important things at Broadway-Hale, Carter is involved in activities that range from the Los Angeles County Art Museum (president) to the University of California's board of regents (chairman...
Though retailing in growth-giddy Los Angeles has lately suffered from overexpansion, Broadway-Hale is busy growing at a $25 million-a-year pace...
Last winter the company bought one-third interest in Oregon's largest department-store chain, Meier & Frank and this spring battled its chief rival in Los Angeles, the May Co., to a stalemate when both firms tried to merge with Meier & Frank. Broadway-Hale will open its 29th store, an $8,000,000 building, next month in the Los Angeles suburb of Downey. It has 14 other projects in the works, including an expansion in Phoenix that will push Broadway-Hale ahead of its Arizona competitors and new stores in Reno and Las Vegas that will make the company...
Enjoyable Surroundings. Broadway-Hale's stores and merchandise-"not the highest fashion, but in good taste " says Carter-reflect the character of the suburbs, where the company does 80% of its business. There are few cut-rate prices, but customers get what Carter likes to call "an atmosphere of quality"-surroundings carefully calculated to make the process of shopping smoother and more enjoyable...