Word: roebuck
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...Taking the time" is a constant theme of city people moving to small towns. They are almost bewildered that the townspeople have the time, and are willing to use it, to be helpful. After Mrs. Bernie made only two visits to the local Sears, Roebuck store, a clerk remembered her name, her children's ages and clothing sizes. Other assets: fruit and vegetables bought from neighboring farms, including a wonderfully fresh local apple juice. Down in Los Angeles, says Bernie, "socially you had to have a swimming pool. Here everyone goes to the Y." In Los Angeles, "you could...
...five top officers who share responsibility for running the company and transform the old method of solitary decision making into a kind of group think. Last week the idea began to take on the dimensions of a full-blown fad when two corporate giants-Trans World Airlines and Sears, Roebuck & Co.-adopted the arrangement on successive days...
...Singer could be much less than $400 million. The company may be able to sell its business-machines line to some other corporation, and any price paid would reduce the loss. The line includes computer-linked cash registers, which are used in many department stores and by the Sears, Roebuck chain...
...money and warehouse space to start buying again in early 1975. While other stores were holding distress sales, says Lazarus, "we were able to get back into the market and buy desirable merchandise at desirable prices." A further result: inventory problems sank first-quarter 1975 profits of Sears, Roebuck & Co. and J.C. Penney Co. by an average of 74% below the 1974 period, but Federated bobbed up with a 9% gain...
Singer developed a line of electronic cash registers that, hooked up to backroom computers, would help department stores, supermarkets and other retailers keep track of sales and inventories faster and more accurately than ever before. Sears, Roebuck and J.C. Penney bought the line, but Singer has had unexpected cost overruns in meeting contract specifications for the equipment, and the recession discouraged other would-be buyers. As a result, the Information Systems division lost $19.6 million last year. So many managers lost their jobs in trying to turn it around that company employees nicknamed a special group of offices set aside...