OCR Text |
Show Pres. of J. C. Penney Co. Statement of E. C. Sams, The executives of the J. C. Penney Company have not discussed the basis of a merger with any Chicago mail order house. Sometime ago a committee was chosen from our executives to study the economic, advantages that might grow out of the merging of our Organization Or-ganization with one or the other of the large mail order houses. There are many unsolved proved prov-ed problems in the field of distribution. distribu-tion. Mass production has out stripped the facilities of distribution. Wherever possible, improvement is being made in the economics of merchandising in order to provide a better service for the consumer as well as generate a greater enthusiasm among the workers. The initial study now being made by our Organization to determine what benefits might be secured through a combination of mail-order and over-the-counter service will be completed in the near future. No step further than this has been made nor will it be made unless the facts resulting from tie initial survey sur-vey warrant further negotiations leading toward a merger. |