Word: sales
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Dates: during 1960-1969
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...pieces, v. $42 per 1,000 pieces for the U.S. mails. And it is fast. While the U.S. Post Office spaces delivery of third-class mail over several days, the independent postmen guarantee 100% delivery on the date specified by each client. Says Bill Overstreet, sales promotion manager of J.C. Penney's Tulsa stores: "A while ago, some of our advertising was delivered by the Post Office ten days before our sale was to begin, and customers started coming in expecting the bargains that were in the circulars. Now, with the Independent system, we don't have that...
...Ford and Knudsen of his plans, he quietly flew off to Manhattan for a string of job interviews. Not that he is really pounding the pavements. Prey's requirements: chief operating officer of a medium-sized company, preferably grounded in technology and involved in the design, manufacture and sale of a product-and, presumably, in need of a few better ideas...
...that in the first nine months of the fiscal year, it earned $17.7 million, compared with a $48 million loss in the same period in 1967. In the third quarter of 1968, the company went $2.56 million in the red, but only because of a bookkeeping loss in the sale of its last nonautomotive division, appliance-making Kelvinator...
Loss though it was, the Kelvinator sale had A.M.C. executives dancing all the way to the banks-the 24 banks to which A.M.C. at one time owed $95 million. Using some $20 million of the proceeds, the company has whittled the debt down to $28.6 million, expects to pay the rest by year's end. Wall Street seems to see that as a sure sign of turnaround, and last week the company was huddling with Manhattan moneymen over plans to raise $50 million in new capital. The badly needed long-term deal would be used to bankroll new dealerships...
...mixture of screaming teeny-boppers and shoving matrons made it look like a cross between a rock concert and a girdle sale. Actually, that wasn't far off the mark as the Beatles' Apple Boutique, London's psychedelic Woolworth's, staged a two-day going-out-of-business giveaway. Why, after eight months, was Apple closing? "We got fed up with the rag trade," explained Paul McCartney. Groused Ringo Starr: "I never could find anything to fit me there anyway." In fact, despite the Beatle name and a hefty investment, Apple was barely breaking even...