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Show PENNEY STORES SHOW GAIN J. C. Penney & Co., the operators of a country-wide system of chain stores, did 25 per cent more business during the first seven months of this year than during the corresponding months of 1920, while Sears, Roebuck Roe-buck & Co. and Montgomery Ward &. Co., the two leading mail order houes of the country, suffered a loss of approximately 37 per cent in the same period, according to figures that have been obtained by Daily Garment News, a leading New York trado publication. E. C. Sams, president of J. C. Penney Pen-ney & Co., when asked why it was that in this period of depression the Penney stores had increased their sales so tremendously while the business busi-ness of the catalogue houses had so greatly fallen off, ascribed the fact in part to the poor business conditions. condi-tions. ; "When business is flush," he said, "people are not so particular where they buy and do little shopping around. When business is bad they are anxious to find out where they can obtain what they want at the lowest price. Because we have pursued pur-sued policies Vhich permit us to sell at rockbottom prices, J. C. Penney fc Co. has prospered through the depression." |