Word: coasted
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Dates: during 1990-1999
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...Whitman, who had honed her consumer-marketing and managerial skills at Hasbro (Mr. Potato Head was one of her toy lines) and worked as a marketing executive at Disney. At first it didn't look as if she was going to come. She had strong ties to the East Coast--kids in school and a husband who was a top brain surgeon at Massachusetts General--and eBay seemed like a lark. But looking at the numbers and getting a sense of the passion people felt for eBay, she was hooked...
This long national nightmare of grocery guilt seems to be ending. Molloy thinks we will see a coast-to-coast Web-grocer conglomerate within four years, though he hesitates to say if it's going to be his company, which took a $9.4 million loss last quarter...
...your heart is pounding so fast you're afraid it will leap out of your chest. Either way, the irregular heartbeat caused by atrial fibrillation can seem very alarming. But the condition, which affects 2 million Americans and caused presidential hopeful Bill Bradley to cancel an afternoon of West Coast appearances last week, is not always the intimation of mortality that it seems. A lot depends on just how healthy the heart is in the first place. And in the case of this former Knick forward, who still occasionally enjoys shooting hoops, the ticker appears...
...Rite Aid founder Alex Grass) nearly doubled the number of outlets, buying independents and refashioning smaller locations into 10,000-sq.-ft. convenience stores. That kind of real estate doesn't come cheap. In 1996, Grass shelled out $1.4 billion for a thousand Thrifty PayLess drugstores on the West Coast. Then a year ago, he spent $1.5 billion on PCS Health Systems, a pharmacy-benefit manager that oversees employees' prescription coverage. Even Miller, whose retailing career began in high school as a bottle sorter for a California grocer, admits, "I wouldn't have been able to manage all that...
...Miller says he'll significantly slow the frenetic pace of expansion and cut back the company's costly advertising blitz. Rite Aid has rescheduled $2.7 billion of its debt, and before long, it should announce a deal to sell PCS. As for the underperforming, oversize stores on the West Coast, Miller insists he will rejuvenate, not unload them. Wall Street announced a measure of approval: Rite Aid stock closed at $11.50, up about $3 for the week. And with baby boomers and senior citizens fueling a boom in prescription drugs, Miller is confident he can cure Rite Aid's ills...