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- Retail historians date the start of decline to the postwar boom of the 1950’s, when its rival, Sears, Roebuck & Company, moved aggressively into the then nascent suburbs, while Ward, under the steely leadership of its then chief executive, Sewell Avery, hoarded cash and waited for a second Great Depression.
archive.nytimes.com/krugman.blogs.nytimes.com/2014/12/27/the-fall-of-montgomery-ward/
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Sep 21, 2024 · As a last hail-Mary effort to remain competitive, Montgomery Ward closed over 100 retail locations in 30 states, ditched the specialty stores, rebranded the chain name as simply “Wards.” They spent millions of dollars to renovate the remaining outlets to become flashier and more consumer friendly.
Dec 28, 2013 · In 1904, they were making more than $10 million a year and shipping three million catalogs annually; their primary rival was Sears, also a Chicago-based company (and another company that has fallen from its perch).
Jul 25, 2017 · Under the managerial leadership of Gen. Robert E. Wood, who had formerly worked with mail-order competitor Montgomery Ward, Sears initiated a rapid expansion outside of urban centers. By...
May 31, 2017 · Between 1895 and 1900, sales increased from $750,000 to $10,000,000, with Sears beating out rival catalog Montgomery Ward, which had been in business for nearly 30 years. Sears went on to quadruple its net sales between 1910 and 1920.
Dec 27, 2014 · Retail historians date the start of [Montgomery Ward’s] decline to the postwar boom of the 1950’s, when its rival, Sears, Roebuck & Company, moved aggressively into the then nascent...
His luck changed when a local jewelry store declined to accept a shipment of watches. As the station agent, Sears dealt with unwanted merchandise, so he purchased the rejected watches from the manufacturer at a discount.
May 7, 2019 · Montgomery Ward and Sears both started building department stores - as wider car ownership made mall shopping more popular, the catalogues became irrelevant.
