Business & Finance: No More Jobbing

Last October when Marshall Field & Co. picked a professor for chairman it was clear that the big Chicago store was in for something of a revolution. Chairman James O. McKinsey was hired to carry out improvements suggested by his management counsel firm after a long survey of Field's wholesale division (TIME, Oct. 21). Last week tall, professorial Mr. McKinsey announced his first new policy: no more jobbing. Henceforth Field will wholesale only what it manufactures or imports. Mr. McKinsey is not particularly concerned about the swank State Street store, nor Field's other...

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