RETAIL TRADE: Cash & Hurry

"The one thing we know . . . best is how to run a cash & carry business." There are no charge accounts or sales slips, no alterations or deliveries in Nathan ("Ned") Ohrbach's book on how to run a clothing store. If a dress is not sold in ten days, Ned knocks it down to cost; after another week he cuts it to half the cost (but seldom has to). Last year his two Ohrbach's, Inc. stores — on Manhattan's shrill 14th Street, and in Newark, N.J. — made a handsome profit of $1,500,000 on close to $40...

Want the full story?

Subscribe Now

Subscribe
Subscribe

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 TIME.com

Learn more about the benefits of being a TIME subscriber

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