Merchandising: Bargains Beneath Boston

In his half century with Boston's Filene's, courtly Harold D. Hodgkinson, 73, has climbed from basement stock boy to board chairman. But Hodgkinson still likes to start his day in the basement, where he hangs his coat and hat in a cubicle before proceeding to his seventh-floor executive suite. He makes sure to get out of the basement before 9:30—for that is a dangerous hour at Filene's. As soon as the opening gong rings, a stampede of waiting shoppers surges through the doors and overruns the basement with a fervor that has...

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