Business & Finance: Department Stores, 1930

With price-tags lower, it has been difficult for department stores to maintain old sales volume in dollars. Yet, from New York reports available last week, it was evident that department store business last year held up surprisingly well.

The sales of R. H. Macy reached a new high of $99,000,000 against $98,000,000, though the consolidated sales of R. H. Macy & Co., Inc. (including L. Bambergers in Newark, also stores in Toledo and Atlanta) were $147,000,000 against $150,000,000.

Gimbel's volume (including Saks) was $113,000,000 against $124,000,000.

Bloomingdale's business came to $22,000,000 against $24,000,000.

Abraham &...

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