Word: stores
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Dates: during 1930-1939
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Schulte Retail Stores Corp. has had its ups & downs-or more precisely, one up & one down. It controls Huyler's as well as the 268 Schulte shops mostly on U. S. street corners. President David Albert Schulte is also president of Dunhill International, Inc. and with associates controls Park & Tilford. In 1926 Schulte Retail earned over $6,000,000 on total assets of a little more than $40,000,000. And yet in 1936, though its customers were smoking more furiously than ever, Schulte Retail Stores filed for reorganization under the Bankruptcy Act. Reason was Mr. Schulte...
That sort of thing was Horatio Alger justice, for Mr. Schulte has worked hard all his life. At 15 he started as a clerk in a Sixth Avenue drygoods store. Two years later he went to work as a cigar clerk for his brother-in-law. A partner at 25, he owned the firm and its five stores two years later in 1900. There were soon more stores and diligent Mr. Schulte, working hard in a dingy Manhattan office, paid less & less attention to tobacco, more & more to real estate. In 1926, which is the year Mr. Schulte...
...architect, but Gimbels have been storekeepers ever since 1842 when an earlier Gimbel started a trading post for fur trappers in Vincennes, Indiana. Adam went to Yale Architectural School for two years but he did not go into architecture. Instead, in 1915, he started to help keep the family stores. Storekeeper Horace Saks died in 1925, just after opening a store on Fifth Avenue and selling out to Gimbel Bros. Adam Gimbel's cousin Bernard made him president of Saks-Fifth Avenue. But after 17 years of storekeeping, handsome Storekeeper Adam Gimbel still has a hankering after architecture. Saks...
...from the centre of Beverly Hills is its distance from Fifth Avenue. Saks-Fifth Avenue already has a big branch in Chicago and sleek resort shops in such places as Jackson, N. H. and Sun Valley, Idaho. Another in Greenwich, Conn., was opened last month. But no New York store has ever gone so far away from home as California, apparently because New York merchants were afraid that Californians would resent being told what to wear by New Yorkers. Mr. Gimbel intends to handle his Californians gingerly. His personnel will be trained in New York but will be 100% native...
...high-hat in the Deep South, slightly less in the Middle West, not exclusive in California, downright common in Boston and a mass organization in New York, where booksellers, publishers, authors, reviewers and readers are concentrated. The aggressive price-cutting department of R. H. Macy's department store does almost five per cent of the U. S. retail book business, ten per cent of New York's retail business. Boston's historic Old Corner Bookshop does about one per cent of the nation's retail book business and most of Boston...