Word: boxes
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Dates: during 1980-1989
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...bargaining strength in any future arms negotiations. Beginning in 1977, Schmidt led the campaign for the Europeans. In so doing, he was trying to ensure that the U.S. would remain faithful to its pledge, made when the alliance was formed in 1949, to defend NATO's European members (see box...
Safe-deposit box No. 4411 at Boatmen's National Bank of St. Louis was supposed to hold stock certificates as gilt-edged collateral for ten of the largest margin accounts at Stix & Co., a prestigious St. Louis brokerage house. While investigators from the Securities and Exchange Commission looked on, a bank official and an officer of Stix turned matching keys in time-honored fashion. But when the box was removed, it contained a pouch filled with back issues of the Wall Street Journal. Securities worth some $36 million were missing...
...lost $75 million on its investment. The American chain had been limping along for years mainly because it had gained a reputation for selling low-priced and low-quality merchandise. But the new German owners made matters worse. They converted many A & P outlets into so-called box stores, which are small, streamlined operations stocked usually with heavily discounted products from A & P's own factories rather than bestselling national brands. This strategy had worked well at Tengelmann stores in West Germany, but in the U.S. the company found its golden touch turned to lead...
James Wood, A & P's new chairman, now admits that the box stores were a mistake...
...sales. The firm is also touting McChicken, a fried chicken sandwich that will be on sale in 60% of the chain's 6,500 units by year's end. Rival Burger King is now selling a sandwich-style version of veal parmigiana. And Jack in the Box has a growing line of Supreme sandwiches, including ham, bacon, lettuce and tomato garnished with alfalfa sprouts and served on whole wheat bread...