Word: roebuckers
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This year, warned Touche Ross & Co., a major New York accounting firm, stockholders worried by the recession would show up in force and ask tough, possibly angry questions. To help such clients as Sears, Roebuck & Co., Boeing and Prudential Insurance, Touche Ross put together a memo warning management to expect sharp queries in three main areas: the ability of the company to cope with such business conditions as liquidity shortages, the management of corporate assets, and the reliability of the firm's financial reports. Early meetings have borne out the predictions. At last week's annual meeting...
...Sears, Roebuck...
...French and British attaches usually come armed with bulging catalogues describing?in Sears, Roebuck fashion?the products manufactured by their nations' defense industries. The limited-distribution, four-volume edition put out by the French, for example, promises that the MILAN antitank missile will provide "unrivalled firing power ... against the ever increasing number of armored vehicles on the battlefield...
...natured, the press of fans and reporters sometimes nettles him ("My private time is mine. I'm not a Lee Trevino type who needs to tell jokes"). Miller now commands up to $10,000 for a personal appearance or exhibition, and advertisers woo him night and day. Sears, Roebuck has introduced a line of clothes called "the Johnny Miller Collection," and he has appeared in television commercials for Beautyrest mattresses. He has turned down legions more. "I can be oversold too," he says. No doubt, but the income from the endorsement offers he accepted boosted his 1974 earnings...
...rose 7% in dollars over the past year, that was equivalent to a drop in real terms once the impact of inflation was discounted. Several big chains, among them F.W. Woolworth and W.T. Grant, have suffered steep declines in third-quarter profits; at the biggest of them all, Sears, Roebuck, earnings fell...