Word: schwadron
(lookup in dictionary)
(lookup stats)
Dates: during 1962-1962
Sort By: most recent first
(reverse)
...abruptly sold $5,000,000 worth of them below cost and set out to restock with better goods. But to do so, he desperately needed an experienced soft-goods buyer. He ran through four merchandising managers in three years until last year he hooked boyish-looking Jack Schwadron, 36, the whip-smart scion of a family that helped to found New York's Alexander's cut-rate department stores (in which Korvette's has a 43% voting interest). Schwadron knows soft goods. More important, he knows the men who sell them...
Buying the name brands of soft goods is still hard for Korvette's because manufacturers who openly deal with discounters are often blackballed by conventional retailers. To get high-fashion goods, Ferkauf and Schwadron sometimes have to go through cloak-and-dagger maneuvers that the CIA might study with profit. Korvette's Fifth Avenue recently scored something of a coup by offering its customers Pringle of Scotland fur-trimmed cashmere cardigans for as little as $25.90 each, despite the fact that Pringle tries to hold the price to more than twice as much by refusing to sell...
| 1 |