As frequently predicted in these columns, the merchant has little complaint against the year 1923, whatever the stockbroker or the manufacturer may think of it. Especially to the mail order and chain store organizations has this year been profitable thus far, with the best merchandising months still to come. Department stores have likewise shared in the general prosperity.
Sales by Sears, Roebuck & Co. for the first nine months this year totaled $151 millions, as against $121 millions for last year—a gain of 25.12%. In the same comparative periods, Montgomery, Ward &...
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