Word: strause
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Dates: during 1940-1949
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This time Gimbels started it. At Macy's annual stockholders' meeting, somebody asked president Jack Isidor Straus a $64 embarrasser: was there any truth in stories that Gimbels was capturing "leadership" from Macy's? Straus replied weakly, "I hope there...
Fred Gimbel sent Macy's Straus a direct challenge. He offered to bet $25,000, $50,000 "or any amount you care to name" (with the winnings to go to charity) that Macy's could not disprove his claim to the underselling championship of Herald Square. At Macy's, where they have a policy against opening books and telling Gimbals, there were no takers...
Nevertheless, with the biggest Christmas shopping spree in history apparently under way, Macy's President Jack I. Straus soberly told stockholders: "We are conscious of the inherent dangers [in future commitments] and are taking appropriate steps to follow a conservative course." In short, business was so good it might easily become...
Down Furs. Luxury goods were hardest hit. Sales of fur coats were down; so were fur prices. Brooklyn's Abraham & Straus announced a one-third reduction in the price of $113,170 worth of "truly magnificent fur coats...
...Brunswick isn't yet filled with its quota of 115 couples. Sixty suites have been occupied, according to a strict priority system set up by the Straus Hall housing office, which has as its basic rule: first come, first served. Many of the hotel's "Charter members," who came in during the last week of September, had been on the housing waiting list since January. At the present time, students are being accepted who registered within the last 90 days; and, at the rate of two or three newcomers each day, the hotel is quickly filling...