Word: penneyer
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Dates: during 1940-1949
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...addition of the Boston Store's earnings helped assure Federated of fourth place among U.S. department store chains. Still ahead of Federated (20 stores with the Boston) are J.C. Penney Co. (1,603 stores), the May Department Stores Co. (24 stores) and Allied Stores Corp. (78 stores). Profitwise Lazarus, with a $13 million net in sight this year, is already pushing Allied for third place...
...interfere with comfort or convenience. Terrace Plaza bedrooms can be turned into living rooms by day, have multi-purpose closets with built-in desks and bars. The huge windowless base will be a shopping center and office building, housing such varied tenants as J. C. Penney Co., Lever Bros, and Ford Motor...
...Hale Bros, found itself stuck. With San Francisco jammed with war work, it had to move into Penney's old quarters at a still higher rental ($120,000) than Lurie's top price to them. To add insult to injury, Penney's nondescript store site was hard by San Francisco's largest department store, The Emporium. Hale's only consolation: the hope (and expense) of building a brand-new store on another Market Street corner after...
...Hale-Penney operation was atypical Louie Lurie coup...
...Market Street for $5,000, put up a $10,000 building and sell the deal for $18,000-$20,000." In that way he 1) put up 259 buildings, including a score of San Francisco's cinemas; 2) kept his own growing fortune strictly liquid. The Hale-Penney deal did nothing to harm his finances...