Word: roebuckers
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...trouble spot was retail sales. After holding fairly steady during January, sales began to slip. The March totals dropped 2% below February and 5% below March 1953. Mail-order houses announced gloomy figures. Sears, Roebuck sales were down 12.2% from last year and Montgomery Ward was off 22.8% for the month and 19.4% for both February and March. Retailers explained that mailorder catalogue prices were rigid compared to department stores, said people were beginning to shop around for bargains...
Since World War II, Chairman Robert E. Wood of Sears, Roebuck & Co., No. i mail-order house, has gone in for freehanded expansion, spent around $300 million to increase its retail outlets from 610 to 694 and another $26 million to open 24 stores in Latin America. On the other hand, crusty old Sewell L. Avery, 80, chairman of Montgomery Ward & Co., the No. 2 mail-order house, has been expecting a bad depression, has closed down an estimated 31 stores and shortened leases on others...
Bazy also tried another tack. She called a long list of potential backers, including such conservative millionaires as Sears, Roebuck's Chairman General Robert Wood, ex-Ambassador to England Joseph Kennedy, and Texas Oilmen H. L. Hunt, Sid Richardson, Hugh Roy Cullen and Clint Murchison. Before her 45 hours were up, she had pledges for about $4,000,000, but when she asked the colonel for time to raise more, he said "No, no, no." The colonel was determined to sell to Meyer because he respected him as a professional newspaperman. The colonel did not want to sell...
...pays the next $100 to $600, in somewhat the same way as he would pay for minor auto damage under a deductible policy. Anything over that (up to as much as $10.000) is paid by the insurance company. Premiums need not be prohibitive under such deductible schemes. At Sears Roebuck, dependents are excluded from the major medical plan to keep costs down, and the premium runs to only 40? a month...
IGHUGS, said the spokesmen gathered in the plush, paneled Chicago directors' room of the International Harvester Co., is already backed by the American Medical Association, Avco Manufacturing Corp., General Electric and Sears, Roebuck as well as Quaker Oats, International Harvester and the General Federation of Women's Clubs. U.S. farm organizations have been invited into the act, although thus far with little reaction. By spring, if the hopes of IGHUG's high command come to fruition, 15,000 women's clubs will be dramatizing the words of Founder John McCaffrey, president of International Harvester: "Government, like...