Word: store
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Dates: during 1950-1959
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...Miami Beach sales were 6% above last year; in Los Angeles they were up 12% in some stores. Allied Stores Corp., biggest U.S. department-store chain (69 units), hopes to ring up $100 million in Christmas sales, 16% above last year. For the first time in its history Chicago's big Marshall Field had a million-dollar shopping day in November, as the Christmas season opened. In Boston, Kansas City. Seattle and 30 other major U.S. cities, the Commerce Department took a quick checkup, found Christmas buying running an average 5% ahead of last year...
Married. Alexander Stewart, 82, hardware-store owner and father of Cine mactor James Stewart (who happily played a supporting role as best man); and Mrs. J. J. Stothart, 76; both for the second time; in Indiana...
...growing wave of price cutting by department stores and G.E.'s retreat from a one-price policy point up the astonishing growth of discount houses. They now have 85%-90% of major appliance sales in the U.S., according to the National Retail Dry Goods Association. Since 1939, said NRDGA, department-store sales of electrical appliances have fallen from...
...much does profit-sharing actually accomplish? Last month, at their annual convention in Chicago, members of the Council of Profit Sharing Industries got an answer that shocked them from Joel Goldblatt, president of Chicago's Goldblatt Bros, department store. Goldblatt, whose company has kicked in more than $3,000,000 in profit-sharing since 1942, made clear that sharing profits is no panacea. Said he: "Ideally, profit-sharing should give employees the sense that they are the ones responsible for the success or failure of any business. But in a large company with many diversified jobs, they...
Under the old system, every package leaving the store had to go by trucks that had a driver and helper regardless of the size of the load. The delivery costs had run as high as 4.6% of total sales v. an 18-city average of 1.5%. When Pittsburgh's stores refused to continue the system, the Teamsters struck...