In the fast-stepping retail world, few men had moved faster than handsome, Swedish-born Walter Hoving. At 30 he was vice president of Manhattan's R. H. Macy & Co.. at 34 vice president and sales manager of Montgomery Ward & Co., Inc.. and at 38 chairman of Manhattan's Lord & Taylor department store.
Two years ago, at 48, Walter Hoving got tired of working for other people. He quit his $135,000-a-year job at Lord & Taylor, formed his own Hoving Corp. to "acquire and operate" stores "with an annual volume of between $150 and $200...
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