Word: ward
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Dates: during 1930-1939
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...Society was the private hobby of Mrs. William Astor. The Vanderbilts were unassuming folk whose father, the old Commodore, had helped push the nation's frontier into the Pacific Ocean. The Vanderbilts were rich in money but Mrs. Astor's jewel was her master of ceremonies, Ward McAllister, who limited the number of Manhattan's citizens who "wouldn't make it uncomfortable in a ballroom for others...
Prices are generally down 10 to 15% from the issue before. Examples: Women's shoes from $3.49 to $2.95, horse collars from $4.29 to $3.60, diapers from $1.20 a dozen to 83?. But compared to the last few semi-annual nose-dives that forced Montgomery Ward to take a $5.300,000 inventory loss in 1931 the slashes were moderate. Wall Street interpreted this price firming favorably, for Montgomery Ward, able to adjust retail levels only twice a year, must forecast accurately...
Though the annual report is yet unpublished, La Salle Street hears that the company earned between $1,000,000 and $2,000,000 in the last quarter of 1932 against a loss of $4,297,000 the first nine months. Montgomery Ward executives, who almost always have a Sears, Roebuck & Co. catalog on their desks, grinned at December sales figures: Montgomery Ward down 3.8% from last year, Sears, Roebuck down 17.2%. But while 1932 ended with Montgomery Ward showing a smaller drop in sales for the year than its big competitor, 17.9% against 19.3%, it also ended with Sears, Roebuck...
Chicago believes there are good things in store for its big home-town enterprise. Chicago knows Sewell Lee Avery, quiet, fine-faced, Morgan-picked president & chairman of Montgomery Ward, who is reported to have worked wonders his first full year in command...
...business sagacity is founded largely on his ability to pick the right man for the right job. That was precisely what Montgomery Ward needed most. With 500 retail stores needing capable management the personnel problem was acute...