Word: roebuck
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Dates: during 1930-1939
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...years ago the Federal Trade Commission ordered Goodyear Tire & Rubber Co. to stop selling its tires to Sears, Roebuck & Co. at net prices lower than those accorded to other purchasers-a practice which had enabled Sears to undersell its competitors. When the Robinson-Patman Anti-Price Discrimination Act presently was passed, Goodyear abandoned the practice. The Sixth Circuit Court of Appeals dismissed the F. T. C. order on the ground that the controversy no longer existed...
Last year another potent Governmental bureau, the Treasury Department, was mightily annoyed to discover that the 14 companies seeking its $2,800,000 tire & tube contracts offered practically identical bids. Threatening to investigate the possibility of collusion,* the Treasury gave a $1,000,000 contract to Sears, Roebuck, which had not bid but whose retail prices were lower even though it bought its tires wholesale from one of the original bidders (TIME...
...persuade corporation managements that their employes would serve them better if they talked better. So strong a spur is company endorsement that sometimes the institute sells every single employe. Biggest customers: employes of Metropolitan Life Insurance Co. (11,067 courses), J. C. Penney Co., Inc. (11,000), Sears, Roebuck and Co. (10,750). All told the institute has sold 650,000 courses in hundreds of corporations...
...Wood wryly recalled that last summer he felt that conditions were good and went away for a six-weeks hunting trip. "When I came back I found I was 100% wrong." This time, however, General Wood was ready to guess that good times were not far away, for Sears, Roebuck inventories, having been cut some 40%, in common with most inventories are "pretty well worked...
Then came the businessmen: President Robert E. Wood of Sears, Roebuck, President Gerard Swope of General Electric, Chairman Marriner Eccles of the Federal Reserve Board, President Henry C. Turner of Turner Construction Co., Banker S. Sloan Colt. When the stock-market promptly registered a hopeful advance after these conferences, it was so much like old times that the New York Sun printed a parallel series of 1929 and 1937 headlines. In the Hoover tradition, but not the Hoover manner, the President let it be known that he hoped to end the decline not by Government spending but by doing...