Word: ands
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Toward the end, B. Altman was losing more than $4 million a month. Retailing experts estimated that any potential savior would have to spend as much as $100 million to renovate the stores and rebuild basic inventories. Stock had become severely depleted during the past year, in part because manufacturers...
The going-out-of-business sale, which began the day after Thanksgiving, was hailed in full-page newspaper ads promising 20% discounts across the board. On the first day, a crowd of shoppers waited in line for more than an hour before the paneled doors were opened. The crush of...
Replacing Herscu as L.J. Hooker's chief was Sanford Sigoloff, a turnaround king who says he was not surprised to see B. Altman die. "With so many choice properties on the market, like Bloomingdale's and Saks Fifth Avenue, who would want Altman's? I hate to say the store...
That prospect is disappointing to Altman's devotees. "I'll be very sorry to see it go," said G.V. Biden, a customer since 1951. As shoppers last week scouted for bargains among Ralph Lauren shirts and Anne Klein coats, some decided to hold out for even steeper discounts. Sigoloff concedes...
For the corporate raiders who amassed fabulous fortunes in the 1980s, that sad song has begun to seem painfully true. Armed chiefly with bravado and borrowed cash, such buccaneers as T. Boone Pickens, Paul Bilzerian and Canada's Robert Campeau once made boardrooms tremble and the stock market dance. No...