Word: roebuckers
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...were 1% above a year ago, the board had expected a rise of 6% because of the early Easter. New York stores were up 7%, Minneapolis 6%, Atlanta 4%, but Cleveland, Chicago, St. Louis and Dallas were all down, as much as 3%. Hoping to stir renewed interest. Sears, Roebuck & Co. announced an average 13% price cut in its spring catalogue, said it was adjusting all prices in its retail stores...
...Fowler B. McConnell, 63. president since 1946 of Sears, Roebuck & Co., the world's No. 1 general store, was named chairman of the board to succeed Theodore V. Houser, 65, who announced his retirement, even though Sears would not require his retirement until age 70. (Said Houser: "I am inaugurating what I hope will become a settled practice for Sears.") McConnell is a University of Chicago graduate who joined Sears as a stock boy in 1916, returned from serving as an infantry captain in France during World War I to become assistant shoe buyer, worked his way through both...
...wretched champagne (the waiters had quickly begun hawking it at up to $7 a bottle), fewer had eaten the truck-borne smorgasbord, almost none of the guests left with gifts, although a passel of greedy looters and gate-crashers made off with enough lightweight plunder to stock a Sears, Roebuck store. And Todd, who never had 18,000 friends, had made almost that many black-tied enemies...
...mail-order houses and retailers everywhere happily hurled themselves into space. Advertising a $5.89 telescope in its new winter catalogue. Montgomery Ward urged: "Be an earth satellite observer." Spiegel's rocketed away with a "Super Satellite Station" for $3.98. Sears, Roebuck had a $6.37 "Radar Rocket Cannon,'' along with dozens of other fearsome armaments, and practically everyone wanted Tigrett Industries' $20 "Golden Sonic,'' a flying rocket ship powered only by a high-pitched whistle...
...businessman is attacking the problem at all levels, from the small local repair shop up to the factory production line. Philco, Motorola and other manufacturers have found that it is often better to scrap the inevitable lemons that crop up in every model than try to repair them. Sears, Roebuck recently exchanged a Dallas customer's TV set five times before both company and customer were satisfied. To eliminate a troublesome production error, Norge spent thousands of dollars changing the transmissions in 27,000 washing machines. Major companies have training schools to help servicemen repair their products, maintain parts...