Word: woolworths
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Dates: during 1960-1969
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...marriage had endured nearly three years, which was approaching the average time that Woolworth Heiress Barbara Mutton, 54, had spent with her six previous husbands. So naturally, when Babs left Tangiers a few weeks ago without No. 7, Laotian Prince Raymond Doan Vinh, 50, gossips assumed that the five-and-dime princess was making a change again. "Untrue," the prince said blandly during a stopover in Manhattan on the way to rejoin his wife at her $3,000,000 walled estate near Cuernavaca, Mexico. "All that gossip started in Tangiers, a small town where they have nothing else...
Died. James Paul Donahue, 51, grandson of Dime Store Magnate F. W. Woolworth and first cousin of Heiress Barbara Hutton, a lifelong bachelor who was the stereotype of the high-living, chorine-chasing playboy of the 1930s, then settled down to become a charity fund raiser and enough of an arts patron to donate $100,000 to the new Metropolitan Opera House; of visceral congestion; in Manhattan...
About to turn 99 this summer and aware that he was failing, Kresge, with "great regret," submitted his resignation as board chairman to Kresge's Detroit headquarters. Son Stanley, 66, succeeded his father as chairman of a company that is now second in its field only to F.W. Woolworth & Co., has 930 variety or discount stores (against Woolworth's 3,266). This year Kresge expects to surpass $1 billion in sales for the first time, and its annual sales growth rate of 12.5% is matched among retail chains only by Sears, Roebuck...
After he turned 21, Kresge gave up teaching for selling. As a traveling drummer in tinware, he saved $8,000 in commissions by the time he reached 30. One of his customers was Dimestore Pioneer Frank W. Woolworth, to whom Kresge sold a sizable order of tinware. When Kresge noticed that Woolworth's 19 stores were profitably run on a cash-only basis, the traveling salesman thought he saw his future. In 1897, despite a financial panic, he used his savings for a half interest in stores in Memphis and Detroit run by another five-and-dime pioneer, John...
...known as Billy to close friends, will be succeeded by Edward Staley, 62, who as vice chairman has been handling chief-executive duties for the nation's third largest (after Woolworth and Kresge) variety chain. Staley will continue an expansion program that has increased the number of stores to a present total of 1,097 and has more than doubled sales in a decade to $840 million. Old downtown stores have been closed and new, larger ones built in suburban shopping centers, where 70% of Grant's business is now located. Similarly, Grant's merchandise has been...