Word: kress
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Making Genesco airworthy again required a sharp reversal of the relentless acquisition policy pursued by the elder Jarman, who bought up companies large and small. Some of the acquisitions -most notably the S.H. Kress chain, bought for $65 million in 1963, and a bevy of foreign textile and clothing makers-turned out to be clunkers. By early 1973 the situation had become so serious that Frank. Jarman staged a palace revolt...
...Teller, I. Miller, Flagg Bros. Shoes) reached a record $1.4 billion, but the company lost $53 million. To stop the drain, Franklin has decided to close 100 women's shoe stores, to sell an Italian men's clothing firm, and is even unloading the 347-unit S.H. Kress variety store chain. He has already shut down three textile plants in Tennessee and North Carolina. Together, these operations accounted for $18 million of the fiscal-1973 red ink. From now on, says Frank the Knife, he intends to "concentrate on improving the company's profits and worry less...
...label "convert," and sometimes even "Christian," preferring to call themselves "Messianic" or "completed" Jews. While previous Jewish converts to Evangelicalism became assimilated teetotalers, today's young Jesus Jews often drink wine while observing the Jewish holidays, study Hebrew, and even attend synagogue. Most would agree with Vickie Kress, a New Yorker now attending Bible college in San Francisco: "I feel more Jewish now that I am a Christian...
Genesco is also the victim of uncontrolled forces. It depends on the manufacture and retailing of fashion-sensitive clothing and shoes for 90% of its revenues. Its subsidiaries include Esquire Sportswear, Johnston & Murphy shoes and Formfit Rogers lingerie, as well as Henri Bendel, Bonwit Teller, I. Miller, S.H. Kress and Roos/Atkins. Lately, the fashion world has degenerated into volatile anarchy. The men's clothing industry has suffered especially, as young men have chucked tweeds and worsteds in favor of blue jeans and Army fatigues. One of Genesco's subsidiaries, Danté, Inc., which manufactures cuff links, has been...
...finest cheese." Lost in the big world, Pavlo has adopted army standards and has committed himself to a pathetic struggle to meet them. Fresh from his overwhelming success as the son in the Godfather, Al Pacino gives a performance that can have no equal. "You're weird, Hummel," Kress, the squad bully tells him. "You don't even talk American, you talk Hummel--some god damned foreign language." And Pacino acts his own language, with a nuance and virtuosity that is wonderful...