Word: roebuckers
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Mail Order. Another pair of high earn ers were Sears, Roebuck and Montgomery Ward. Both mail-order houses now obtain 50 to 60% of their sales as department stores. Although department store sales in general are running barely ahead of last year, chain groceries about 5% higher, Sears and Montgomery Ward were 20% ahead of 1938 in April. On this increase in volume, Sears' Chairman Robert E. Wood (who plays along with the New Deal) estimates his company will more than double the $7,000,000 profits earned in the 1938 first quarter; Montgomery Ward's Chairman Sewell...
...months Chicago's LaSalle Street has buzzed with rumors that stormy, exuberant General Robert Elkington Wood was about to resign as president of Sears, Roebuck & Co. and campaign for public office, possibly the Presidency of the U. S. Sears has a rule that executives must retire at 60; the rambunctious General is 59 and no man to twiddle his thumbs...
Genial General Robert E. Wood explained Sears, Roebuck & Co.'s similar plan. Its employe fund now holds $42,600,000 worth of securities, all Sears, Roebuck stock, making the employe fund the largest single interest in the company...
...TIME, Feb. 7, et seq.). Last week upon the nomination of Exchange President William McC. Martin Jr. (who got his big chance on the Conway Committee), Carle Conway and two liberal-minded Chicagoans. President Robert M. Hutchins of the University of Chicago and General Robert Wood, president of Sears, Roebuck & Co., were unanimously elected to the 32-man board of governors of the Exchange as "representatives of the public." Until 1934 the Stock Exchange was run as a club, generally excluded outside viewpoints from its deliberations. That year an "advisory group" of ten non-members headed by A. A. Berle...
...Nelson was willing enough until Board Chairman Lessing Rosenwald told him that, if he took it, he would never become Sears, Roebuck's president...