Word: roebuckers
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...built 13% more cars in June than in the same month last year. All those cars sent up demand for gas and oil, buoying the shares of Texaco, Jersey Standard and California Standard. The other significant gainers in the Dow-Jones have been Du Pont, International Harvester and Sears, Roebuck-the latter lifted by the upswing in retail sales since...
Time, Jan. 25, 1963, did a story on an art buying trip to Paris that I made on Sears, Roebuck...
...Supreme Court's unanimous ruling was based on a conflict between Sears, Roebuck and Chicago's Stiffel Co., the originator of the pole lamp. Stiff el's sales sagged after Sears, in 1957, brought out an identical pole lamp that sold for about half the price; the company took the matter to court. A federal court found Sears guilty of unfair competition, not because of a patent infringement but under an Illinois common law that forbids exact copying of another's goods. In fact, ruled the court, Stiffel's pole lamp was not really unique...
...When I came here four years ago," says William O. Kelleher, president of Sears, Roebuck in Brazil, "we were selling a 7-cu.-ft. refrigerator for 49,000 cruzeiros. Today that same refrigerator sells for 227,000." Coca-Cola raised its prices three times in 1963. General Electric writes a clause into its sales contracts that allows for adjustments in the delivery price to compensate for inflation, and IBM does the same in its computer-rental contracts...
...understandable awe, the chairman of one large competitor calls it "the greatest organization since the church was founded by St. Paul." Adds the more mundane chief of another rival: "It is the General Motors of the industry. I sometimes feel like Studebaker." The object of such admiration is Sears, Roebuck and Co. Although it ranks second to the A. & P. among all U.S. merchandisers, Sears is the best-managed and most profitable of the nation's retailers. And it never seems to stop growing. Next week, reporting on fiscal 1963, Sears will announce that for the first time...