Word: penneyer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...renewed popularity of private-label merchandise. Retailers like New York City's Lord & Taylor and Houston's Sakowitz have become disenchanted with designer products because the widely available garments have lost much of their exclusivity. Halston's name, for example, now appears on J.C. Penney's dresses. Even worse, designer clothes frequently turn up in discount and off-price stores that are multiplying like fried-chicken outlets. By promoting their own label, retailers can guarantee exclusivity as well as protect their profit margins. Since the manufacturer's name is not important, the private-brand goods...
...gives a final ringing cheer: "WalMart, we're No. 1!" Walton has plenty of reasons to shout. In April, sales at his 570 outlets were up 32% from the previous year. By comparison, Sears' revenues increased just 7.7%, K mart's by 5.5%, and J.C. Penney's were down...
Trim and suntanned, Walton is a 1940 graduate of the University of Missouri and worked for J.C. Penney briefly before World War II military service. He and his brother Bud, now a senior vice president, opened the first Wal-Mart Discount City in Rogers...
...some ways, Sam Walton is James Cash Penney reincarnated, right down to strict adherence to the Golden Rule, the name of Penney's first store in Kemmerer, Wyo., in 1902. Says Wal-Mart President Jack Shewmaker: "We make no bones about the fact that we believe in God, that we think everybody should...
Walton's formula for retailing success resembles Penney's: grow in smalltown America and offer quality merchandise at a good price. Wal-Mart undersells competition at almost every turn, and most stores are in towns of 5,000 to 25,000. Says Walton: "There's a lot more business in those communities than people thought...