Word: penneyer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Spellbinder Hyles was anything but that in his first stuttering try at preaching in 1947. "Elijah blushed and Heaven's flag flew at half-mast for three days," he says. In classic bootstrap style, Hyles proceeded to enroll in speech courses while clerking at J.C. Penney's in Marshall, Texas. Before long, he was wowing audiences with a folksy, rip-roaring delivery. He took a church and was summoned to the Hammond pulpit...
Singer developed a line of electronic cash registers that, hooked up to backroom computers, would help department stores, supermarkets and other retailers keep track of sales and inventories faster and more accurately than ever before. Sears, Roebuck and J.C. Penney bought the line, but Singer has had unexpected cost overruns in meeting contract specifications for the equipment, and the recession discouraged other would-be buyers. As a result, the Information Systems division lost $19.6 million last year. So many managers lost their jobs in trying to turn it around that company employees nicknamed a special group of offices set aside...
...cover story that my subject never even read," smiled TIME Senior Writer Michael Demarest. His cover subject happened to be a young beagle. Still, Demarest's study of "The American Pet" (TIME, Dec. 23) earned him a Penney-Missouri Award this month from the University of Missouri School of Journalism. Demarest joins more than a score of others who have been recognized so far this year for work appearing in TIME. Among the most recent honors...
...same tune, Grants developed an identity problem: having always pursued a bargain-minded blue-collar trade, the chain suddenly began broadening and upgrading its lines of clothing, furnishings and appliances in an apparent effort to try to compete with J.C. Penney and Sears. To make these costlier goods easy to buy, the company peddled a variety of credit-card plans that eventually led it into a financial culdesac. To buy inventory, Grants borrowed heavily at high rates, and then had to wait for customers to pay their bills...
Although the combination of inflation and recession has been squeezing profits hard at a number of big chains -among them Sears, J.C. Penney, Montgomery Ward and Kresge-U.S. retailers as a whole are not in as bad shape as Grant's troubles might suggest. Kendrick, 61, a former Grant's floorman who took over as chairman last September, believes that the chain's slide can be reversed before too long. He plans to cut back to a "hard core" of 900 stores by 1977, slash capital spending by 90% in 1975, and return...