Word: stores
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Dates: during 1950-1959
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Chief conspirator seemed to have been Hyung Kim, a 35-year-old tailor who before leaving closed his store and sent a mimeographed letter to all his customers saying he was not coming back. Police found an empty pistol holster in his home and an air navigation chart. With him went his pretty 21-year-old wife (or mistress). Three of the conspirators had fought for North Korea during the war, had been captured, "renounced Communism," then enlisted in the South Korean army. They had all been in touch, said the police, with one Kang, "a North Korean agent with...
...luncheon where Lady Bird Johnson, wife of the Senate majority leader, got a "Togetherness Award," presented to her by pert Dancer Marge Champion. Lurking together in the background were the affair's cosponsors, McCall's magazine and the Hecht Co., the capital's big department-store chain. Among other women honored for exemplifying "togetherness" (defined by McCall's Editor and Publisher Otis Wiese as "our greatest natural resource"): Adele Rogers, wife of the Attorney General; Author Bonaro W. (Understanding Fear: in Ourselves...
...Kress & Co., founded 1896, was beginning to feel its years. While its five-and-ten competitors expanded vigorously into the suburbs and prospered in the postwar boom, Kress kept its stores in the downtown sections, saw sales of its 261-store chain slump from $176.2 million in 1952 to $158.6 million last year. Shareholders could do little to change management's conservative policies because the controlling stock-a 47% block-was held firmly by shy Chairman Rush Harrison Kress, 80. He owned 5% outright and traditionally was permitted to vote the 42% owned by the Samuel H. Kress Foundation...
...recession accelerated rapidly. In November and December, said Commerce, manufacturers chopped inventories more than $300 million each month, almost doubling the production cuts. Wholesalers cut orders so sharply that inventories tumbled $300 million, bringing their annual reduction rate to $3.6 billion. Retailers slashed their inventories so fast that store stocks plummeted $1.9 billion in barely 30 days. On an annual rate, the fantastic cutbacks would reduce U.S. retail stocks (currently $23.4 billion) to almost zero by the end of 1958. As a result of the cutbacks, the Federal Reserve Board industrial production index dropped three points to 133 in January...
...Yearning. In Stourbridge, England, after Elizabeth Poulton, 53, spotted a supermarket sign reading "Please Take a Basket," took one home, returned for another a week later, and won the judge's swift verdict that she was not guilty of theft ("Why shouldn't someone take one?"), the store manager removed the sign...