Word: roebuckers
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...RATE JAPANESE IMPORTS of sewing machines are grabbing almost 50% of U.S.-market, says Cleveland's White Sewing Machine Corp., which lost its major customer when Sears, Roebuck switched from White to Japanese machines priced as low as $37.88. Fighting back, White will cut its domestic output, expects to start selling Japanese-and German-made machines for prices "considerably lower" than its U.S.-made machines...
Theodore Houser, chairman of Sears, Roebuck & Co. LL.D...
Robert E. Wood, retired chairman of Sears, Roebuck LL.D...
Trouble All Around. As a result of the decision, businessmen could descry trouble ahead for dozens of big and little U.S. companies. Sears, Roebuck & Co. owns big blocks of stock in such suppliers as Whirlpool-Seeger Corp., Florence Stove Co., and Armstrong Tire & Rubber Co.; Gulf Oil has a 12% interest in Texas Gulf Sulphur, which supplies Gulf with sulphur; Olin Mathieson Chemical has 25.8% of Marquardt Aircraft and 50% of rocketmaker Reaction Motors, for which it is helping develop rocket fuel. And by successfully going back 30 years to trip Du Pont, trustbusters had won the right...
Fast-moving Montgomery Ward still has some laps to travel before catching its main rival, Sears, Roebuck & Co. Reported Sears last week: 1956 sales totaled $3,555,684,148, for a jump of 7.5% in the year, and earnings were $164,816,293. Significantly, noted Sears, "increased competition in our field" lowered after-tax net to 4.6% of sales...