Word: roebuck
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Last week Genoa's Piaggio & Co., makers of Italy's first scooter, the Vespa (wasp), invaded the U.S. market with a roar. Sears, Roebuck & Co., which had ordered 1,000 Vespas as an experiment, sent a rush order for 5,000 more by September, and Piaggio prepared to supply Sears with up to 2,000 a month thereafter. Price...
...biggest general store in the world, Sears, Roebuck & Co. knows that it pays to take good care of its 190,000 employees. Long a leader in the field of human relations, Sears has one of the most liberal pension and profit-sharing plans in the U.S., feels that through owning 24% of the company themselves, the employees are bound to work harder for it. Now Sears has another plan to benefit employer and employee alike...
California has 118 in operation, and in San Francisco home freezers have squeezed out TV sets as the No. i seller in home appliances. In Los Angeles, Sears, Roebuck is selling its Coldspot freezers along with arrangements to stock them with food at 25% below retail prices; the Bank of America is financing the Sears food plan on six-month loans. Big Amana Refrigeration, Inc. (TIME, Jan. 16, 1950), which makes freezers for Maytag, got a head start on the freezer boom because one of its distributors, John Bess, pioneered one of the biggest food plans in the East. Through...
...hang on to Bavaria's two best ski resorts - Garmisch and Berchtesgaden-which it seized for furlough centers. Some of Germany's choicest hunting grounds, forbidden to the vanquished for the past six years, will still be reserved for American sportsmen hankering after a bit of pheasant, roebuck or rabbit...
...spur lagging sales, there was a new wave of price cuts. Sears, Roebuck and Montgomery Ward brought out their mid-spring catalogues with prices slashed up to 37% on hundreds of items. TV makers, whose sets have been selling for months at big under-the-counter discounts, recognized the fact by officially cutting prices by $10 to $90. Food prices continued to slip and farm prices as a whole were 8% below year-ago levels...