Word: stores
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Dates: during 1930-1939
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...Profits per store rose momentarily to $10,700 in 1934, have fallen steadily since...
Manhattan's R. H. Macy & Co. sells under its own brand name in its famed department store some 3,000 articles including bicarbonate of soda, Epsom salts, witch hazel, face powder, lipstick, milk of magnesia, shaving cream, peroxide, cascara pills. Last week a consignment of 48 of ''Macy's Own" drugs and cosmetics, including those named, arrived not at Broadway & 34th Street but in Wilkes-Barre, Pa., where it soon filled a large window and several counters in the "Boston Store" of Fowler, Dick & Walker. Wilkes-Barre citizens, dripping from an all-day downpour, bought...
Macy's insisted that it was all an experiment, a response to continual requests from out-of-town department stores whose patrons supposedly make many a trip to New York to stock up at Macy's. To give them a kind of room service and oblige local shopkeepers Macy's set up a new corporation, Supremacy Products, Inc.. under President Percy Selden Straus's eldest son, Ralph. To a selected store in each trading area Ralph stands ready to sell "Macy's Own" merchandise "price free," i.e., to be marked down...
...Manhattan, Women's Wear Daily, glad rag of the garment trade, found national brand manufacturers skeptical of the success of Supremacy Products. Why, they asked, should any store carry Macy brands instead of developing its own? If Macy's really proposed to compete with national brands how could it do so without spending a great deal of money in national advertising? One obvious reason, however, for the move on Macy's part was that the more of its own goods Macy's could dispose of-wholesale or retail-the lower its production costs should...
...pack peddler of household knickknacks along the muddy roads outside Philadelphia, vigorous, good-humored Meyer Guggenheim acquired a peddler's limp that never left him. When he began peddling stove polish of his own manufacture, he made more money, soon owned a tailor shop, a grocery store, became a wholesaler for household goods, made a small fortune speculating in foodstuffs during the Civil War, a larger one importing petticoat lace from Switzerland. Needing little prompting, his sons, assured by their father that they would each make a million dollars, entered the business as soon as they...