Y eaton an eecve manager connued the expansion opened

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Japan –  Mail order departments in Saskatoon, Regina and Moncton between 1916 and 1919 •  R.Y. Eaton –  Takes over one of the largest corpora=ons in Canada – John Craig’s sons are too young Fall 2012 Jim Love ADMS 1010 9 Robert Young Eaton “When you own a business yourself, it is easy to be lenient, to grant largesse and to be popular with everyone. When you have been given the responsibility of running a business in trust for someone else, it is a different macer” Fall 2012 Jim Love ADMS 1010 10 R. Y. Eaton •  An “effec=ve manager” •  Con=nued the expansion •  Opened in Montreal and competed with the older, more well established opera=ons of Morgan’s and Ogilvies •  Second store in Toronto on College Street in 1930’s Fall 2012 Jim Love ADMS 1010 11 A Retail Giant •  8th largest retailer in the world •  60 percent of department store sales in Canada •  7 percent of total Canadian retail sales •  As large in Canada as Wal- Mart is today in the United States •  And today – it no longer exists… Fall 2012 Jim Love ADMS 1010 12 What Happened? Fall 2012 Jim Love ADMS 1010 13 Why? Fall 2012 Jim Love ADMS 1010 14 Deja Vu •  Truly was the Wal- Mart of it’s =me •  Complex “controversial” rela=onships with suppliers •  “Due to the high volumes that Eaton’s generated, suppliers would sell their goods to Eaton’s at discounted prices” •  During the depression, Eaton’s and other mass buyers began to demand lower prices than manufacturers could accommodate •  Many were forced out of business •  Survivors paid workers subsistence wages •  Independent retailers who could not compete because of scale feared being forced out of business Fall 2012 Jim Love ADMS 1010 15 Backlash •  H.H. Stevens, Minister of Tra...
View Full Document

This note was uploaded on 01/26/2014 for the course LAPS ADMS 1010 taught by Professor D.jurkowski during the Winter '10 term at York University.

Ask a homework question - tutors are online