Word: penney
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...conventionally sophisticated over the years, Frady observes, Billy has never seemed "much more than a kind of marcelled Tupperware Isaiah," who, when he so energetically preached, resembled "some dandily appareled young department-store floorwalker caught in gales of epilepsy." The man who wore J.C. Penney suits as bright as Crayolas was a "country-grown Candide...
...more to burnish the public relations image of Carter's anti-inflation commandos-and Sears-than to contain overall U.S. prices. First, inflation in general retailing has been relatively modest, averaging well under 5% over the past five years. Second, Sears' major competitors, including J.C. Penney, K mart and Montgomery Ward, do not intend to cut prices...
...trade, has called for hearings on the dumping issue. At the same time, federal grand juries in New York City, Norfolk, Va., and Los Angeles, as well as a Justice Department task force in Chicago, are hearing federal allegations that several large retailers, notably Sears, Montgomery Ward and J.C. Penney, have accepted illegal Japanese kickbacks...
...efforts to moderate consumer spending without bringing on a recession are showing mixed results. January housing starts fell 20% from the previous month to 1 6 million units, in part because of bitter winter weather in much of the country. On the other hand, major retailers such as J.C. Penney and Sears reported double-digit sales gains in January, and auto sales in the first ten days of February were 15% higher than a year ago. The consumer buying spree, the inflationary rises in the price of energy, the gloomy prospects of higher import costs and pressure on the balance...
Donald Seibert, J.C. Penney chairman, after viewing the Treasures of Tutankhamun: "The Egyptians found a great way to get rid of their inventory. They buried it, but, even then, I noticed that they had some shrinkage...