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TELL ME THAT YOU LOVE ME, JUNIE MOON by Marjorie Kellogg. 216 pages. Farrar, Straus & Giroux...

Author: /time Magazine | Title: Books: Challenge of the Bizarre | 10/11/1968 | See Source »

Macy's was a four-store operation in 1939, when Jack succeeded his uncle, Percy Straus, in the Herald Square headquarters, still Macy's largest store. Since then, Straus has successfully parried the discounters, staked out new ground in the suburbs and built a nine-state chain that now numbers 59 stores, many under other names. Sales reached $758.6 million last year, and profits $19.7 million. This year sales are expected to top $800 million, making 1968 the 14th record year...

Author: /time Magazine | Title: Executives: Mr. Jack Steps Aside | 10/4/1968 | See Source »

More Strains. Macy's new top executives are more in the organization-man mold than Mr. Jack. Like Straus, President Molloy joined Macy's training squad right after Harvard ('29), later became boss of Macy's fast-growing California division. Macy's new chairman, Donald Smiley, has the salesman's open manner, yet is first to admit that he is "a nonmerchant." Macy's general attorney and then treasurer before he became vice chairman, Smiley will pursue the company's already sizable expansion program, which has added 13 new stores...

Author: /time Magazine | Title: Executives: Mr. Jack Steps Aside | 10/4/1968 | See Source »

Still, strains of Straus are unlikely to fade quickly, if at all. Jack Straus says that he has "no timetable for stepping down entirely." And there are more Strauses on the way. Among the real comers at Macy's is Vice President Kenneth Straus, Jack's son. At 43, he has plenty of time to step...

Author: /time Magazine | Title: Executives: Mr. Jack Steps Aside | 10/4/1968 | See Source »

...Straus family, which has run the firm founded by Rowland Hussey Macy, a onetime Yankee whaler, since 1888, bought it out in 1896 and still has effective control with only 5% of the company's stock...

Author: /time Magazine | Title: Executives: Mr. Jack Steps Aside | 10/4/1968 | See Source »

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