Word: teller
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Manhattan-based Bonwit Teller last week reported that it lost $3,220,000 in thefts during fiscal 1970, more than the company's profits for that year. Retailers in Manhattan are worried that many of its elegant stores will be forced to close in a few years if losses to thieves are not cut. "About 60% to 70% of all those whom we apprehend have a drug-addiction problem," said Bonwit President William M. Fine. "Whenever you see an area with a major drug problem, you see a great increase in store thefts." The problem afflicts almost every major...
...tall (6 ft. 3 in.) and shambling figure, he has become something of a legend in Washington for his ability to duck controversy. During the intense debate over whether the U.S. should build an H-bomb, he managed to retain the friendship of both Robert Oppenheimer and Edward Teller. On the one hand, he agreed with Teller that the bomb should be built; on the other, he so qualified his support that even Oppenheimer, the project's chief opponent, could hardly take offense...
Dial-a-Buclc. The most popular new gadget is the "television teller." As installed in Los Angeles' Surety National Bank, among others, it seems straight out of 1984. Customers enter the lobby and go up to television screens that show only the faces of tellers, who are safely locked away on the second floor. All transactions are conducted through an intercom and pneumatic tubes. One unit with tube attachments costs from $11,000 to $23,000. Pittsburgh's Mellon Bank is installing an expensive computer-controlled alarm network that connects all its branches with the central office...
...resources of a 20-year-old, living in the world of the half married, half widowed, were slight supports. She tried going back to her bank teller's job but had to quit; living in San Diego, a naval town where every uniform made her edgy, was too much. Finally, she achieved a bearable tension at her parents' Southern California home. Talks with her father, a retired Air Force colonel, and a friend who had been a World War II P.O.W., at least reduced the unknown terrors...
There are plenty of rumors of problems at Lord & Taylor, Arnold Constable and Saks Fifth Avenue. The managements of B. Altman and Bonwit Teller recently took the unusual step of sending letters to their employees assuring them that the stores would not be closed. Meanwhile, on Madison Avenue, Abercrombie & Fitch has been plagued by the common problem of thefts and other runaway costs; the company lost nearly $1,000,000 on sales of $28 million in fiscal...