Gimbel Moves Up

Three years ago this month four of Adam Gimbel's descendants journeyed to the mellow, elm-shaded town of Vincennes, Ind. (pop. 18,228). There they commemorated the 100th anniversary of the opening of Peddler Adam's wondrous "Palace of Trade," with the prediction: "The best 100 years lie ahead." Last week the Gimbel mercantile dynasty proudly ended its best year. The gross for 1944 was estimated at an alltime high of upwards of $190 million. Result: Gimbel's, in fourth place in 1942, is now the leading metropolitan department store chain.*

Parachutes and Stockings. Primemover behind this rise that carried the eleven-store Gimbel chain...

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