Few U.S. retailers have ever had such a flawless grasp of supply and demand as Boston's famed brothers, Lincoln and Edward Filene. The last of the 19th century merchant princes, they made William Filene's Sons Co. into the world's largest specialty store (clothing and accessories only) and a bargain mecca admired from Paris to Peking. But Lincoln Filene, who survived his brother by 20 years, made Filene's into something much more: the hub of a nationwide Federated Department Stores network of 38 outlets with annual net sales of $601.5 million, the fountainhead...
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