Word: penney
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...Weak Link. The men of Sears usually display a prescience that has helped the company pull away from such competitors as Montgomery Ward and J. C. Penney. Long before World War II, convinced that automobiles would revolutionize merchandising, Sears pioneered residential stores surrounded by parking space; the postwar rush to the suburbs reaped spectacular sales. The proliferation of discount houses has had little effect on Sears: 95% of its merchandise is in house brands (Allstate, Kenmore, Homart, Silvertone) that discounters cannot carry and that, in any case, are generally priced 20% under competing brands...
...Charleston, S.C., Negroes won 16 clerks' jobs by selective buying, tightened their boycott with weekly "name the traitor" meetings at which line breakers were singled out. Negro women in Jackson, Miss., last week launched a "Don't Buy on Capitol Street" campaign, stationed pickets outside J. C. Penney...
...charity) started work in his father's Glasgow cabinetmaking shop, later set up his own furniture store in London. Picked during the Depression to run Great Universal, he has built it into the largest retailing enterprise outside the U.S.-a British blend of Sears, Roebuck and J. C. Penney that last year netted $34 million on sales of more than $560 million...
...Penney, General Robert E. Wood of Sears, Roebuck, and Michael Cullen, the first supermarketeer.) From Bags to Riches. The man whom McNair hails as the greatest of contemporary U.S. merchants is by turn profane and philosophical, charming and fiercely combative. Eugene Ferkauf is a boy from Brooklyn, and he does not pretend otherwise. Brooklyn is only a 15? subway ride and half a world away from Fifth Avenue...
...cheerfulness at the Ball cash registers is symbolic of one face of Muncie. Other department stores are also doing a pretty good business. J. C. Penney, the Industrial Trust & Savings Bank, and the Muncie Federal Savings & Loan have put up new buildings within the past two years. A full work force comes and goes from the Chevrolet transmission plant and the Delco-Remy battery plant. But Warner Gear, maker of auto transmissions and normally Muncie's No. 1 employer, has laid off one-third of its boom-time payroll of 4,500. Many of the city's foundries...