Word: garfinckels
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Such stomach-churning changes are commonplace to Boesky. Says one envious competitor: "For Ivan to lose $30 million is like someone else losing a few hundred thousand dollars." Last year, for instance, he made about $3 million when Allied Stores Corp. acquired the Garfinckel, Brooks Brothers, Miller & Rhoads Inc. department stores, only to drop an estimated $12 million on Delhi International Oil Corp. one month later...
...part of the record-breaking flurry of matchmaking that swept through U.S. business this year. American companies spent an estimated $80 billion to acquire some 2,200 other firms. The mergers linked familiar names in virtually every industry: Nabisco and Standard Brands MGM and United Artists, Allied Store and Garfinckel, Brooks Brothers...
Early on, crowds of shoppers were thin, so many stores launched sales or devised promotional gimmicks. The May Co. in Cleveland offered its credit customers $1,000 gift certificates for $900. At a tony branch of Garfinckel's in Washington, D.C., shoppers were culled off the street by a dinner-jacketed pianist stationed at the main entrance who played Cole Porter songs on a baby grand. Late in the month, however, sales picked up smartly almost everywhere. Several stores-Rich's in Atlanta, Hudson's in Detroit, Bloomingdale's in Manhattan-toted up record...
...designs are soft-top versions of the heavily boned "Maginot Line" prom gowns of the '40s and '50s. Recalls Pat Johnson of Washington's Garfinckel's: "It used to be with the old strapless things that you moved one way and the dress the other." Today's no-straps are made of soft, clingy fabrics such as matte jersey and chiffon. Strapless bras are rarely worn. Says Martha Ferris of Chicago's Bonwit Teller: "It's bareness without blatancy...
...bareness is a big reason why the look has caught on. Women are more body conscious than ever-and anxious to show off their well-toned torsos. As Garfinckel's Johnson puts it, "Women are playing tennis, going to spas and generally taking better care of their bodies-and are proud of them...