Word: woolworths
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Dates: during 1960-1969
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...Puffs for Pastors. Born on a Penn sylvania farm, S. S. Kresge started as a salesman of pots and pans, became fascinated by the way his friends Frank Woolworth and John McCrory were overturning the old cracker-barrel retail concepts with their low-price, high-volume retail stores. In 1897, he gambled his $8,000 savings on a similar shop in Memphis. On the way up, Kresge pioneered in giving his employees sick pay and paid vacations, in 1925 was the first to discard the strict nickel-and-dime rule, began offering goods from 250 to $1 as well...
...cost of $80 million, S. S. gave his approval without blinking a blue eye. The success of those stores is one rea son why the company's profits last year rose from $17 million to $22 million despite prodigious start-up expenses. It is growing faster than either Woolworth or third-ranking W. T. Grant, expects to increase its sales this year to $1 billion-or ten billion dimes...
...very nature, a holding company works behind the scenes, hates to make headlines. Yet one of the U.S.'s biggest holding companies, the Alleghany Corp., is constantly creating spectacular business news. A 1954 proxy fight in which Alleghany's progenitors, the late Robert Young and aging Woolworth Heir Allan P. Kirby, now 73, took control of the New York Central Railroad was big and bitter. Next, in one of Wall Street's most famous proxy battles, Kirby lost Alleghany to Texans Clint and John Murchison (TIME cover, June 16, 1961), later won it back again by stubbornly...
...what do you know. He's not selling marijuana. Fact of the matter is, he's selling clothespins. Or rather, he wants you to go to Woolworth's and buy a bag of clothespins and then wanders around Cambridge clipping them on to things...
...what the hell. You didn't really want to study Chem 20. And it'll be something to tell the fellas back in Q House. You go to Woolworth...