ADMS 1010 Chapter Notes -Antichain, John David Eaton, Timothy Eaton

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: All

Document Summary

Case 6: from the great depression to the chalenge from simpsons- Timothy eaton became a retail giant who transformed the nature of the retail business in. Canada: selling primarily low priced ware and attire. Policies: cash only; one price system (eliminate bargaining); and guarantee of goods satisfactory (or money back) 1890"s, had buying offices in london and paris and in the 20th c, opened went national opening in rapidly growing cities like winnipeg. 1907, john craig eaton opened factories in montreal, hamilton, and winnipeg; buying offices in europe, us and japan; mail order departments in saskatoon, regina and. Robert young takes over (after craig"s death in 1922) Manufacturers appreciated the high volume business from eaton: sell goods to eaton at a discounted price. When the great depression hit, sales drop at department stores. With reduced sales, fixed expenses = put pressure on profit margins.