Word: prices
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Dates: during 1930-1939
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...profits on 1,581 U. S. and Canadian stores averaged $16,805 per store. But when profits per store began to drop in 1928 and Depression accentuated the skid, Woolworth contemplated changes. By 1932 when profits per store were down to $8,093, Woolworth's moved towards higher prices to compete with rival chains which offered a line of merchandise broader in price and quality. This year with profits per store down to $9,580 (1936),* it made another decision...
...counteract the downward trend of per store profits and to make room for the new goods brought in by higher prices, Woolworth has long contemplated a wholesale modernization of its stores. Last week it announced that it would start at once. To finance the operation, it had sold privately (rumor said to a large life insurance company) $10,000,000 in ten-year, 3% debentures. To start, the famed Woolworth Store No. 1,000, on Fifth Avenue at 40th Street, Manhattan will be abandoned in favor of a 5½-story, air-conditioned, granite and steel store now abuilding...
...kind of room service and oblige local shopkeepers Macy's set up a new corporation, Supremacy Products, Inc.. under President Percy Selden Straus's eldest son, Ralph. To a selected store in each trading area Ralph stands ready to sell "Macy's Own" merchandise "price free," i.e., to be marked down or up as local conditions require. Some of Macy's 8,000 branded articles are made to order for the store, others by Macy's own factories in Long Island City...
...service. "Macy's does not care how much its private brands are cut in other markets," said Mr. Clarke, "but it will not permit them to be cut within its own trade area. ... If this is not an acceptance by R. H. Macy & Co. of the principle of price maintenance within its own trading area, I certainly wish Mr. Ralph Straus or Mr. Q. Forrest Walker, Macy's economist, would explain what...
...this stock was valued at about $3,000 a share, when an announcement was made by Colonel Walker. Pondering plant expansion financed by a possible public offering of shares, President Walker proposed to split stock 250 for 1, change the name of the company to Talon, Inc. Zip, the price of shares was bid up to $3,500, but there were no sales...