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...thing we know . . . best is how to run a cash & carry business." There are no charge accounts or sales slips, no alterations or deliveries in Nathan ("Ned") Ohrbach's book on how to run a clothing store. If a dress is not sold in ten days, Ned knocks it down to cost; after another week he cuts it to half the cost (but seldom has to). Last year his two Ohrbach's, Inc. stores - on Manhattan's shrill 14th Street, and in Newark, N.J. - made a handsome profit of $1,500,000 on close to $40 million...

Author: /time Magazine | Title: RETAIL TRADE: Cash & Hurry | 12/13/1948 | See Source »

Last week Ned Ohrbach stepped out in new company: he opened a store on the "Miracle Mile" of Los Angeles' snazzy Wilshire Boulevard (in Prudential's big new building). To strike a spark, he had stocked the store with cotton dresses at $1, woolen dresses at $3.95, nylons for 97? a pair. Just nine minutes after the store opened, he had to shut the doors again. Some 20,000 shoppers had clogged the aisles and escalators. Less than two hours later Ohrbach's was on the air with fervent pleas of "Please, please don't come...

Author: /time Magazine | Title: RETAIL TRADE: Cash & Hurry | 12/13/1948 | See Source »

Upside-Down Paintings. Vienna-born Ned Ohrbach, an immigrant's son, started as a clerk, worked up to buyer for Ehrich Bros, department store. He founded Ohrbach's in 1923, a block from Manhattan's famed, price-cutting S. Klein...

Author: /time Magazine | Title: RETAIL TRADE: Cash & Hurry | 12/13/1948 | See Source »

Merchandising in the Stomach. In Los Angeles, as in Manhattan, Ohrbach's has expensive as well as bargain dresses -up to $385. But they still cost far less than similar models in most shops. To get a mass market, top designers gladly sell their clothes to Ohrbach's, but make sure their labels are removed...

Author: /time Magazine | Title: RETAIL TRADE: Cash & Hurry | 12/13/1948 | See Source »

...Jerry Ohrbach himself is your host for lunch, and he's going to tell you about "retail accounting as done for the masses." 2:15 is set aside for Mayor La Guardia, 4:00 for John R. Powers and his Model Agency...

Author: NO WRITER ATTRIBUTED | Title: Five Dollars Will Get a Harvard Man Keys to New York in Spring Vacation | 3/10/1938 | See Source »

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