Word: penneyer
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...Retail sales, becalmed since last September, rose briskly during June at a dozen major chains. Sears, Roebuck and J. C. Penney both announced an 8% sales gain for the month, while Interstate Department Stores, with 107 outlets in 83 cities, experienced a 14% rise in volume. The increases spread across many fields. Sales of the Grand Union grocery chain rose 9%, those of the Walgreen drug chain 15%, those of the S. S. Kresge variety chain...
...hand, the Commerce Department reported last week that fewer consumers than a year ago plan to buy such "heavy" items as houses, expensive household appliances, or cars, though the tens of thousands of people at the annual Detroit Auto Show certainly seemed enthusiastic. On the other hand, J. C. Penney, Associated Dry Goods, R. H. Macy and Gimbels reported all-time-high earnings for the quarter ending in October, and most major retailers predict a green, green Christmas. Behind these contradictions is the fact that the consumer-the driving force in the U.S. economy, with spending twice as high...
...spot and is getting stronger by the week. All the same, the surest sign that the Monkee gland will function comes not from TV or records but from the promotion department. The inevitable flood of Monkee merchandise, from guitars to comic books and Monkee pants (of which J. C. Penney alone has ordered $670,000 worth), will gross $20 million this year...
...Francisco's Koratron Co. Inc. (TIME, Dec. 17), which last year produced 170 million pairs of treated trousers, this year aims at 210 million. At J.C. Penney's 1,700 stores, 95% of the trousers and more than 50% of shirts, dresses and skirts are durable press. Sears, Roebuck & Co. reports that the new process accounts for more than 80% of men's slacks sales. Koret of California says that it outsells traditional women's clothes...
...emphasis on the 50% of the population that is younger than 25." To attract younger shoppers, all three major catalogues now lead with sophisticated styles. To make their clothes "in," counteract the year's lead time they must contend with, and gain more of the market, Wards and Penney have signed up name designers. Wards (last year's total sales: $1.8 billion) has twelve international designers, among them Jacques Heim, Rudi Gernreich, Fabiani and Clodagh of Dublin. J. C. Penney's (1965 sales: $2.3 billion) "Young Junior" look is by Mary Quant, Mitzou of Madrid, Ariel...