Word: roebuckers
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Some prices had been bound to come down anyway because of bulging inventories. Many retailers were stocked with double the number of household appliances they had last year, and sales had been running only 4% better. Sears, Roebuck & Co. listed hundreds of price cuts this week in its midsummer catalogue, which went to press weeks ago. All this had one important effect in Washington. The price-cutting was bound to give plenty of ammunition to those who opposed the Administration's campaign for tighter controls on credit and prices...
...Sears Roebuck announced drastic price reductions yesterday in much of their "fair-trade priced" merchandise, but few Square merchants are planning price cuts to meet the competition...
There have been indications that the New York price war is spreading to Boston. Sears Roebuck's announcement has given added impetus to such tendencies...
...years, Chicago's International Furniture Co. and S. Karpen & Bros, have been at the top in their fields. International, which had 1950 sales of $13 million, plugs its popular-priced lines through such national outlets as Montgomery Ward & Co. and Sears, Roebuck and Co. Karpen, on the other hand, has always catered to the luxury trade (1950 sales...
...Mail Order. Today, EB is one of the most prosperous properties ($2,000,000 net in royalty revenues since 1943) of the University of Chicago. It became such seven years ago, when ex-Adman William Benton, now Democratic Senator from Connecticut, maneuvered its transfer from Sears, Roebuck & Co. ("Do you think it appropriate that a mail-order house should own the encyclopaedia?" he had asked). Benton still heads EB's board of directors, while Chicago's retiring Chancellor Robert M. Hutchins still presides over its board of editors. The top editing job belongs to wiry Editor Walter Yust...