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...main selling point of the 76-year-old Filen's Basement is its "automatic markdown policy filen's buys overstock and irregulars form what it calls grit and glamorous stores, and then resells it at discount determined by a now famous formula. If the item sits on the rack for f12 days its initial prose will be cut by 25 percent. After six more days, the price is reduced 50 percent with in another six 75 percent. And if a piece of clothing doesn't sell by 30 days after it first hits the floor, Filen's gives...

Author: By Shair Rudavsky, | Title: Bustle in the Basement | 3/19/1985 | See Source »

...There's a certain risk involved if there's an item you really want, you have to wait," says bargain hunter Richard E. Shepard says, "You have to move items to the back of the rack." But he quickly cautions. "You can't leave them there for more than...

Author: By Shair Rudavsky, | Title: Bustle in the Basement | 3/19/1985 | See Source »

...measure, Phillips paid a high price for independence. It emerged intact but badly bruised. Just one humiliating item on the tab: payments of $25 million each to reimburse the two raiders for the expenses they ran up while trying to take over the company. All told, Phillips Chairman William Douce estimated that the back-to-back assaults will cost the company $150 million. The ordeal will leave Phillips smaller and heavily in debt...

Author: /time Magazine | Title: The High Price of Freedom | 3/18/1985 | See Source »

...fact, through the oldest trick in the book: by performing what must be the most bizarre rooster imitation ever seen in the history of Western civilization, he convinces the Devil that the sun has come up, that time is up. All is found to be complete except for one item specifically mentioned in the contract--a black cat; but no cat, no soul, the contract is null and void, the Devil loses, and Nicholas is allowed to keep his soul. Such were the days before Federal E. press...

Author: By Yoon SUN Lee, | Title: The Devil Made Me Do It | 3/8/1985 | See Source »

Last year's Official U.S.F.L. Guide was a collector's item for trivia buffs before the season was out. Of the 18 teams listed in 1984, 14 are still functioning, and three of those only marginally. Just for starters, the 1983 champion Michigan Panthers have merged into the Oakland Invaders, and the Arizona Wranglers have combined with the Oklahoma Outlaws as the new Arizona Outlaws. The Philadelphia Stars, last year's champs, subsumed the Pittsburgh Maulers and emerged, farther south, as the new Baltimore Stars...

Author: /time Magazine | Title: Sport: On Flutie's Wing, and a Prayer | 3/4/1985 | See Source »

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