Word: departmentment
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Dates: during 1980-1989
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Nevada citizens, environmentalists and scientists are adamantly opposed to the Yucca site. They contend that the area is geologically insecure: Lathrop Wells volcano is twelve miles away, and Nevada ranks just behind Alaska and California in frequency of earthquakes. As a result, Nevada has refused to issue the environmental permits...
As shoppers streamed through the B. Altman department store in Manhattan last week, many of them looked wistfully at the lush elegance that surrounded them. The Renaissance-style emporium, completed in 1914 and situated across the street from the Empire State Building at 34th Street and Fifth Avenue, boasts crystal...
Like other department-store chains, B. Altman has been hurt by weak retail sales and tough competition from specialty outlets. Several other chains are for sale by their foreign owners: Canada's Campeau is trying to unload Bloomingdale's, while Britain's B.A.T Industries has put Saks Fifth Avenue and...
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...
The raiders have often been victims of their success. Fancying themselves managers as well as marauders, they built huge but shaky empires that rested on debt. Result: their vast borrowings at sky-high interest rates left companies ranging from TWA to Allied department stores awash in red ink. "Many of...