Business: Best Years

"In these days of changing social, economic and political values," Sears, Roebuck's President Robert E. Wood wrote to stockholders last week, "it seems worth while in this annual report ... to render an account of your management's stewardship, not merely from the viewpoint of financial reports, but also along the lines of those general broad social responsibilities which cannot be presented mathematically." Mathematically for the No. 1 U. S. mail order house, 1936 scarcely could have been better. Sears enjoyed the best year in its history. So did its older and smaller rival,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!