Word: retails
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Dates: during 1940-1949
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...year-old Odorizzi, this was the last straw. Last week he quit and went off to his Wisconsin mink farm. A day later, Vice President Arthur Romer, after 32 years at Ward's, also quit. Then Avery got the resignation of Vice President Albert O. Steffey, retail store boss who had been with Ward's for 21 years. Steffey went home and opened up the bottle of 1811 brandy he had been saving for the occasion. With their departure, Sewell Avery snapped: good riddance; all three had been part of the "very real conspiracy...
...many a jungle-slogging G.I., Bridgeport Brass Co.'s DDT bug bomb was almost as good a friend as his rifle. When the war ended, the company dressed up its Aer-a-sol (DDT expelled by Freon gas) dispenser in civilian clothes, and struck a retail bonanza. Last week Bridgeport Brass thought it saw more pay dirt; it planned to apply the Aer-a-sol principle to dozens of other products...
Teetotaler Cripps made only one cheering concession: a reduction in the retail price of beer by a penny a pint. But food prices, he said, could be held down only by giving higher government subsidies to food-growers and dealers-and this he was in no position to do. Instead, he announced that meat prices would have to go up 7? a pound, cheese 7?, butter 3?, margarine 2?. Matches and telephone calls would also cost more...
...grosses $20 million a year. In his Manhattan showrooms, browsing is not encouraged; jewels are usually shown only by appointment. The average sale: $5,000. Winston also turns out engagement rings which Montgomery Ward & Co., Inc. sells for as little as $37.50, and makes jewels for some 750 U.S. retail stores. Winston keeps track of every gem in his store at all times. If a single stone is mislaid, no one leaves at night until it is found. Winston himself has never been robbed. But he still follows his insurance brokers' advice and refuses to let newspapers and magazines...
...Retail Trade. Montgomery Ward & Co.'s iron-fisted Chairman Sewell Avery had bad news for stockholders: March sales were off 16.7% from 1948. Ward's biggest stockholder, Massachusetts Investors Trust (which owns 1.5% of the stock), had bad news for Avery: it would oppose his re-election as a director at next week's annual meeting. But chances were good that indestructible, 75-year-old Sewell Avery would be elected anyway...