Word: roebuck
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Dates: during 1960-1969
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...change in Penney began in 1957 after executives looked at surging Sears, Roebuck and decided that their brand of merchandising would be obsolete by 1970. The prime mover was William M. Batten, a West Virginia storekeeper's son who clerked for Penney at 17 before studying economics. He undertook a two-year, 150-page study that proved so thorough that he was promoted from vice president to president and chief executive in 1958 to implement it. (In 1964, Batten moved up to chairman.) Besides remodeling small stores ("For years we were only in small towns," says Vice President William...
...appreciation in the U.S. reached the stage at which originals by well-known artists can be sold along with paint or pantie girdles? Many retailers seem to think so, and they are opening more and more art departments. Sears, Roebuck has been selling originals through its stores and catalogues for two years, has run up enough sales to make art a permanent Sears feature. E. J. Korvette Inc., the East's most energetic discounter, is about to try an art gallery in one of its Long Island stores, and such department stores as Washington's Hecht Co., Detroit...
...STAPLE SINGERS: AMEN! (Epic). The Staple family-Roebuck, his son Purvis, Daughters Mavis and Cleotha-is one of the liveliest gospel groups around, and they raise the roof with More Than a Hammer and a Nail and He's Got the Whole World in His Hands. But they are entertainers too (their title song, Amen, comes from the movie Lilies of the Field), and they incidentally demonstrate the strong kinship of gospel to rock 'n' roll...
...building Mackle brothers, also has a flourishing outpost in Hong Kong. Last year it sold more than $1,000,000 worth of land, mostly to Chinese investors. Operating on a still larger scale is Miami's General Development Corp., whose chairman is Charles Kellstadt, ex-chief of Sears, Roebuck, and among whose major stockholders is Publisher Gardner Cowles. It reports $4,000,000-a-year sales of Florida realty to investment-minded Europeans and Latin Americans. The firm sometimes charters flights for foreign prospects, who get a $125 discount if they...
...m.p.h., v. 13 m.p.h. for standard auto glass. G.M. now installs on request a device that automatically limits speed to a desired level. The auto companies are also working on passenger harnesses, padded dashboards and a steering wheel that collapses upon the impact of collision. Sears, Roebuck is even selling his-and-her safety helmets...