Word: chaining
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Dates: during 1940-1949
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Jackpots. Macy's department store chain hit a record jackpot. It announced sales of $309,213,000 for the year ending May 1, up 9.7% over the previous year. The net was $7,981,000 v. $6,770,000 the year before. May Department Stores Co. reported an even bigger take: $358,013,576 for the year ending January 31 (v. $330,331,868 the year before). But the net of $17,231,481 was down around...
John Roosevelt, haberdashing youngest of the four, was doing fine: ten years after his debut as a lowly stock boy, he became head of a new chain of California department stores, the Roosevelt-Good Corp...
...Proxy? But Bevin, and a good many plain Britons who had hoped they had heard the last of the Palestine mess, were sputtering through a chain reaction of anger. Wrote London's News Chronicle: "If President Truman would take a long, long voyage far out into the sea and speak to no one, there might be some hope of reaching an agreement . . ." Britain's sober Economist pointed a grimmer lesson: "If it [the crisis] is allowed to develop unchecked, the Americans will raise their arms embargo in order to supply the Jews with weapons; and if Britain continues...
...Coat. The following day the job went to Wong. Nanking was startled. But, after chewing over the record of tiny, chain-smoking Geologist Wong, Chinese nodded their heads. The new Premier was transcendentally honest-in his first 20 years of public service he had never even owjied a fur coat. When, finally, he had bought a sheepskin one (with cat's-fur collar), he had kept it only two days, then given it to his father. And he was an able administrator...
Last week, Hoving explained what he was up to. Said he: "When business dips downward, the very big stores are going to find it hard to maintain their volume. But a chain operation, spread over many cities, with no investment except fixtures and stock, can maintain the same volume by expanding the number of outlets...