Word: profitable
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Dates: during 1940-1949
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Faced like other publishers with increased costs and lowered profit margins, Mike Cowles decided two months ago that Look could get along with fewer hobbies. In a major shakeup, Editor Harlan Logan's pet projects-and 75 staffers, including the entire crew of Look books-were dropped...
...stockholders of Federated Department Stores, Inc., the news was the best yet. At their annual meeting in Manhattan last week, President Fred Lazarus Jr. reported sales up 28% to $246 million (for the year ending Nov. 2), profit up a whopping 90% to $11 million. This made Federated the third biggest moneymaker in the department-store field (first and second: May Dept. Stores Co., Allied Stores...
...Foley garage, make their purchases, find them in their cars when finished. But Fred Lazarus has not been satisfied to wait for the new store to boost business. Foley's sales are already running close to double the rate they were when Federated took over, and profit this year is up to nearly...
Also named were Stanley J. Friedman '4$, of Adams House and Brooklyn, as News Editor; Robert W. Morgan, Jr. '46, of Eliot House and E. Islip, L. I., as Sorts Editor; Waldo Profit, Jr. '46, of the Hotel Brunswiek and Chiekasha. Okla., as Assistant Editor Chairman; and Richard L. Wattling '49, of Winthrop House and Oak Park. Ill as Circulation Manager...
...Texas last week, 12,000 people heard the rising young San Antonio Symphony, 4,000 the recently reorganized Dallas Symphony. The Oklahoma City Symphony played to the largest audience (5,000) in its history. The Columbus Philharmonic, which grew from semiprofessional to professional rank this season, made $1,800 profit on one pop concert. Radios and records have sharpened U.S. ears for symphony; they have also forced local orchestras to raise their standards...