Word: roebuckers
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...shrewd managers do not become complacent even when their profits, year after year, are large. The test is whether the company's profits are growing along with the industry trend. For example, Montgomery Ward's percentage of profit on its gross business always compares well with Sears, Roebuck's percentage. But the profits of Sears have grown far beyond Ward's because of Sear s vast increase in total business...
...giants of the early 1900s? Of the 100 largest industrial corporations in 1909, only 36 appeared on a similar list drawn up for 1948. U.S. Steel dropped from first place to third; Standard Oil (later Jersey Standard) moved up from second to first. Most swings were much wider. Sears, Roebuck rose from 42nd to 13th, Western Electric from 51st to 14th and Texas Co. from 87th to sixth, while Pullman Co. dropped from eighth to 81st, Singer Manufacturing from 13th to 79th and Pittsburgh Coal (now Pittsburgh Consolidation Coal) from 15th to 94th. Five companies among the first...
RATE CUTS for fire insurance are in the offing. Allstate Insurance Co., subsidiary of Sears, Roebuck, has started writing fire policies at about 20% below rates of other stock companies, will probably force them to cut to meet the competition...
...past few years, suggestion programs have proved so valuable that some 300 companies, Government departments and agencies have banded together in their own National Association of Suggestion Systems to promote the idea. Such blue-ribbon firms as Standard Oil (N.J.), National Biscuit. Sears, Roebuck, Internation al Business Machines, John Hancock Life. American Airlines and Westinghouse have elaborate programs. In 1953 General Motors alone paid out $2,419,709 (an average $52 a suggestion); Ford paid $542,918, Du Pont $295,382. General Electric $685,842. Government agencies gave $1,362,000 for new ideas-including a $275 award...
...System is now making its new "Color-tron 205" picture tube, the first color tube to be mass-produced. A CBS-Hytron plant will be turning out 10,000 tubes a month by September for Motorola (which will use the tube in its new $895 and $995 sets), Sears Roebuck, and CBS's own sets...