Word: roebuckers
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Like an aging beauty trying to regain her charm with another facelift, Sears, Roebuck & Co. is struggling to recover its longtime merchandising prowess. After flirting with fashion and trying to outdiscount the discounters, the nation's largest retailer (1979 sales: $17.5 billion) is returning to its tried and true, highly successful selling formula: aiming straight for the charge accounts of America's middle class. The artist picked to give Sears its beautiful new visage is Edward Brennan, 46, who was installed earlier this month as the second youngest president in the firm's 94-year history...
Retail stores have also been hit. In 1978 Sears, Roebuck and Co. lost $7 million on its credit operations, while J.C. Penney's ran $34 million in the red. Last year's losses were even higher. Reason: the companies, like banks, have to borrow the money they loan at a higher interest rate than they can charge...
...family's deepfreeze. Increasingly, they are demanding safekeeping in safes. Manufacturers report a spectacular rise in sales both to businesses and to individuals. Says Patricia Johnson of Chicago's McGunn Safe Co.: "Sales have doubled this year to more than $2 million." Sears, Roebuck says that safe purchases nationwide are up 25% this year, and other companies report increases of up to 100%. The safety conscious want their caches out of sight. Some modern safes are built into end tables or bars, serve as furniture or are buried in basement concrete...
Councilor Kevin P. Crane '73 said the amendment might force Sears and Roebuck to leave the city. The store is trying to tear down a Roseland St. building to make room for a parking...
...this is a recession, let's have more of it. So joke some shoppers trying to elbow their way through the crowds that are thronging the stores. K mart has rung up a sprightly 13.7% increase in retail sales so far this year, and even laggard Sears, Roebuck reported a 3.7% monthly rise in November, its biggest gain in more than a year. So where is the recession? Like a mugger, it could be lurking around the next quarter if it has not already pounced. Real personal earnings are down nearly 5% from last year, and there are signs...