Word: frayed
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Dates: during 1980-1989
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...substantial sales from department stores. At the same time, quality catalog retailers, including Land's End, the Sharper Image and Eddie Bauer, have captured a growing share of retail sales by catering to two-income couples with more money than time to spare. Foreign retailers have also entered the fray in a big way. Since 1980, for example, Benetton of Treviso, Italy, has opened more than 700 mid-priced fashion boutiques...
Enter Macy's. The 130-year-old company, founded by a former Nantucket whaler, stunned Wall Street by joining the fray. Chairman Edward Finkelstein, a shrewd, 40-year veteran with the company, had taken the firm private in a $3.7 billion leveraged buyout in 1986. Loaded with debt after that deal, Macy's seemed incapable of takeovers. Says Pavlos Alexandrakis, a retail analyst for Argus Research: "It's the last company you would expect to be out shopping...
...became the center of attention, she said,trying to explain the position of the Blacksduring the Civil Rights Movement, though she feltshe was far removed from the fray when she livedin Pennsylvania...
...equally colorful New York politicians, who look upon Murdoch's New York Post with a mixture of fear and favor: Daniel Moynihan, the professorial Senator up for re-election; Alfonse D'Amato, his scrappy colleague; and Ed Koch, the loquacious mayor who is ever eager to jump into a fray. The issues: truth, justice and the American Way. And power...
...Gary Hart, again hot for the fray...