Word: elkington
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Dates: during 1950-1959
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...aggressive postwar expansion, Sears, Roebuck & Co.'s Chairman Robert Elkington Wood has come a cropper only once. He successfully poured $305 million into new and improved stores throughout the U.S., spent another $25 million to establish Sears as Latin America's biggest retailer. But when he tried to crack the Canadian market in 1946, General Wood soon had to back out because of customs and currency restrictions. Last week, undaunted, Bob Wood bet $24 million that he could make good in Canada...
...chairman of the board of Sears, Roebuck & Co., Robert Elkington Wood, 72, runs the biggest general store in the world. Last year Sears, Roebuck sold the astronomical number of 500,000,000 separate items-everything from a one-ounce sewing bobbin to a 2,200-lb.brooder house. But the biggest mail-order seller of all was, as usual, diapers. To Merchandiser Wood, this fact is significant. It illustrates his motto that a "business, to stay healthy, must grow with the nation...