Word: roebuck
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...Suggested reading for Secretary Humphrey, with a wink: the Sears, Roebuck catalogue. No failures in that work. And you get so much book for your money...
Some industries will probably have their own recession, or "readjustment," just as the textile industry had a recession in booming 1952. There will be price cuts, and some have already begun. In its first 1953 catalog, Sears, Roebuck & Co. trimmed its prices an average of 9%. Said G.E.'s President Ralph Cordiner: "The chips are down. This year the weak sisters will fall by the way." Businessmen generally feel that 1953 will be a "hard sell year," notably in such items as refrigerators, radios and farm equipment, which show signs of saturating the market. To keep up sales, International...
Some industries will probably have their own recession, or "readjustment," just as the textile industry had a recession in booming 1952. There will be price cuts, and some have already begun. In its first 1953 catalog, Sears, Roebuck & Co. trimmed its prices an average of 9%. Said G.E.'s President Ralph Cordiner: "The chips are down. This year the weak sisters will fall by the way." Businessmen generally feel that 1953 will be a "hard sell year," notably in such items as refrigerators, radios and farm equipment, which show signs of saturating the market. To keep up sales, Interna...
...aggressive postwar expansion, Sears, Roebuck & Co.'s Chairman Robert Elkington Wood has come a cropper only once. He successfully poured $305 million into new and improved stores throughout the U.S., spent another $25 million to establish Sears as Latin America's biggest retailer. But when he tried to crack the Canadian market in 1946, General Wood soon had to back out because of customs and currency restrictions. Last week, undaunted, Bob Wood bet $24 million that he could make good in Canada...
Angry Shouts. The Council was founded in 1943 by a group led by Lessing J. Rosenwald, onetime board chairman of Sears, Roebuck and Co. Almost all of its members belong to Reform congregations, and Executive Director Elmer Berger, 44, is a Reform rabbi who left his synagogue in Flint, Mich, to take the job. Some of the earliest Reform rabbis were explicitly anti-Zionist, and to Council members, the rising popularity of "Israelism" in the U.S. seemed the very thing the rabbis had protested...