RETAILING: Department Stores Chained

Three Manhattan stores were busy as beavers last week catching up with a prime long-term retailing trend. The trend: independent retailers are losing ground to chains. The stores: R. H. Macy & Co., No. 1 U. S. department store; elegant Saks Fifth Avenue, No. 1 U. S. retailer of costly clothes and accessories; smaller style-at-a-price-merchants Best & Co. All three opened (or planned) chainlike extensions of themselves.

On its way to the hinterland for the first time was the name of Macy, whose three present branches operate under their former owners' names....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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