Word: penneyer
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...Rich's, a chain of 12 department stores, which has its headquarters in Atlanta. Speaking to shareholders in Boston last week, U.S. Steel Chairman Edgar Speer declared that his company would go ahead with plans to spend about $900 million in 1977. Somewhat similar statements came from J.C. Penney and American Electric Power...
...really, is 50 or so colorful plastic cylinders slipped onto a piece of rope, and it only costs about 75? to make. But Sears, Roebuck, J.C. Penney and Montgomery Ward all carry the Lifeline jump rope (plus its special exercise booklet) for $4.95 a throw. These days, legions of Americans who are neither little girls nor prizefighters are jumping rope-and making Bobby Hinds an instant tycoon...
Needham will be succeeded on May 19 by William Milfred Batten, 67 next month, who spent 48 years at J.C. Penney, the big retailer, before retiring as chairman and chief executive. Four years ago he was named a Big Board director. Aside from his brief exchange tenure, "Mil" Batten has had no experience in securities markets. But the exchange's directors view him as a man who can unify the exchange's diverse elements-at least for the next year or two-and help Wall Street adjust to Government-ordered changes. Among them: the abolition of fixed commissions...
...upturns in housing and autos, this one is being paced by over-the-counter sales of everything from high-fashion dresses to pocket calculators. Retail sales have been generally rising since late spring. Last week several major retailers reported third-quarter sales gains over the 1974 period: J.C. Penney Co. was up 8.4%, to $1.9 billion; Allied...
...space to start buying again in early 1975. While other stores were holding distress sales, says Lazarus, "we were able to get back into the market and buy desirable merchandise at desirable prices." A further result: inventory problems sank first-quarter 1975 profits of Sears, Roebuck & Co. and J.C. Penney Co. by an average of 74% below the 1974 period, but Federated bobbed up with a 9% gain...