Word: profitted
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Dates: during 1970-1979
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...young, affluent, fashion-conscious, traveled, professional people. They are attuned less to refrigerators and washing machines ("Bloomies" sells neither), more to clothes of fashion and quality, stereo equipment and wacky gadgetry for the compact Manhattan society of small apartments, crowded schedules and casual relationships. These consumers, to Bloomingdale's profit, go for such baubles as yogurt makers, $30 peanut-butter-making machines, "male chauvinist pig" neckties (30,000 sold so far) and even "Pet Rocks" that, at $4 each, roll over and play dead, sleep and stay in place?all on command. This market, Bloomingdale's has learned, enjoys tasting...
...Herald Square store (with twice the selling space) and $85 million for Gimbel's 33rd Street store. By the retail accountant's measurement, Bloomingdale's gets $350 of sales this year out of each square foot of floor space?about four times the average for all U.S. department stores. Profits are not reported separately, but Federated has consistently kept as after-tax profit about 3.60 of each sales dollar, or as much as a third more than average. It is no secret that Bloomingdale's is one of the most profitable parts of Federated...
...Bloomingdale's was a fairly conventional store. Then I.E. Davidson, the store's boss from 1947 to 1967, began the big move. He dropped major appliances. Later Traub dropped other items that most competing stores carried: drugs, cameras, records. They sold well but did not earn much profit. In their place went goods aimed at people who had money to spend on more than boring necessities. The result in microcosm: Bloomingdale's sells no men's razors, but it does sell bloc of duck liver with green pepper...
...will continue doing business in sewing machines, which turned a profit of $34 million last year. Singer's troubles stem from a massive diversification program undertaken during the 1960s. Under Kircher, Singer acquired a host of companies, including a maker of navigation and guidance systems and a mail-order house. Some of the deals worked out well; others have not-notably a venture into business machines...
...selling at $37.50. If by the end of January it were to rise to, say, $45, the option buyer could buy the stock itself at $40, sell immediately at $45, and make $500 on 100 shares; subtracting the $250 he had paid for the option would still leave a profit of $250, less commissions, in less than three months. Alternatively, if he did not want to bother buying the stock, he could resell the option at a profit. As the market price of Polaroid rose, the price of the option also would climb above the original $250-probably...