Cease-Fire

Because it likes the lure of the loss leader, no one has fought fair trade laws longer than Manhattan's R.H. Macy & Co. But last week Macy's signed a cease-fire with some of its enemies. Vice President Richard Weil Jr. announced that the store "had signed a small number of fair-trade agreements on brand-name merchandise." He refused to name the brands or whether they included Sunbeam Mixmasters, which has sued Macy's for price-cutting its products (TIME, Nov. 12).

This file is automatically generated by a robot program, so reader's discretion is required.