Word: allbright
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...Elsie Allbright...
...real threat is psychological. The new American wilderness stirs up the high-tech tourists. Hooper Allbright, head of a mail-order empire, videotapes an alien nymphet darting through the woods. Back at Coldharbor, his apartment complex in New York, he reruns the pictures and falls in love with the lithe image. Moura Allbright, Hooper's sister-in-law, returns to the city with a desire to locate the unknown father of her son. Some 15 years before, she conceived after two years of copulating with a masked inseminator who had been eugenically selected at a "contact clinic." Fizzy, Moura...
First, F.W. Woolworth Co. (projected 1982 sales: $7.3 billion) decided to lop off its unprofitable Woolco discount stores and to pull out of Britain. Next, Woolworth Chairman Edward Gibbons, 63, died suddenly in October. Then Bruce Allbright, 54, whom Gibbons had hired just one year earlier to run Woolco and the U.S. Woolworth stores, returned to Dayton Hudson Corp. Finally, the upheaval at Woolworth reached a climax last week when its highly regarded president, Richard Anderson, 47, also walked out the door. He was immediately replaced by Harold Sells, 54, who had been senior vice president...
...suggest that Gibbons' approach to retailing at Woolworth may not survive him. He became chairman of Woolworth in 1978, and is generally credited with having brought fresh ideas to the 103-year-old company and having recruited and promoted imaginative managers. Among the standouts were Anderson and Allbright, both protégés of Gibbons, who helped him steer the variety store chain into new types of retailing. Their approach was often more aggressive than that of veterans of traditional five-and-dime Woolworth's business...
Woolworth watchers fear that the loss of executives of the caliber of Anderson and Allbright could be severely damaging to the company. They are afraid that the big retailer, which has been in a three-year profit slide, will become timid about expanding promising operations like Kinney Shoe Corp. and its Foot Locker unit, and reluctant to move fast into new specialty areas. On Wall Street, Woolworth stock fell 1⅝, to 24⅛, the day Anderson's resignation was announced. The shares closed the week...