Word: roebuck
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Dates: during 1960-1969
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...powder, which is mixed by dieters with water or skim milk, is such a hot-selling item that it has already spawned some 40 imitations from Sears, Roebuck's Bal-Cal to Quaker Oats's Quota, just out this week. With Metrecal sales up to an annual rate of $40 million, Mead Johnson's 1960 gross is confidently expected by company officials to jump this year from $65 million to $100 million, the profits to double to $6 a share. To help keep ahead of the imitators, the company last week put on sale a canned liquid...
...point drop to 612.27-its sharpest one-day decline in more than six months -before steadying and rising at week's end. Best news came from retailers helped by record sales of back-to-school clothing and heavy traffic in auto supplies and small appliances. Sears, Roebuck & Co. and Spiegel both reported that August sales soared to alltime peaks for that month. Though the auto industry carried a heavy 887,800-car inventory on dealers' hands, sales of new cars perked up. The first good-sized shipments of steel for autos were already starting to move...
...whites, and tension mounted. A pair of Negro youths, running from the cops, accidentally knocked an elderly white woman through a plate-glass window; a white woman and a Negro woman got into a hair-pulling match, and the town boiled over. In a sudden rush of business. Sears Roebuck sold 50 ax handles in 15 minutes. Sit-in demonstrators on their way downtown were met by a club-wielding mob. By the time the police got around to stopping the riot, Jacksonville was suffering from an epidemic of broken heads...
...families stationed in 27 countries, payday usually means a visit to the PX, the world's biggest exclusive shopping preserve. Last week the payday rush was on in 5,933 PXs, helping to make the Army and Air Force Exchange Service rank in dollar volume below only Sears, Roebuck, J. C. Penney, Montgomery Ward and F. W. Woolworth among retail chains. To maintain its place as one of the U.S. military's greatest fringe benefits, PX branches stock up to 30,000 items, sell everything from underwear to refrigerators-all at cut-rate prices designed for the private...
From tax cheating Gibney moves on to the kickback artists in business, the most spectacular among them being unquestionably a New York dress buyer named Stanley Sternberg, who worked for a branch of Sears, Roebuck. When he was shown the door in 1952, it appeared that manufacturers who wanted him to place orders with them, in addition to making regular payments, had fed him daily, clothed him and his family, partly furnished his home. One manufacturer was assigned to take Sternberg's aged parents to dinner almost nightly; the wife of another was pressed into service to supply...