Word: mart
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Dates: during 1980-1989
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...longer afford to shop with their devalued pesos. The stores of south El Paso, just across from Juárez, are almost deserted. "All our business came from Mexico," says Frank Roches, owner of Palace Jewelry. "They have no money now." Business is off 65% at the S.E.I. Fed Mart department store in the California border town of Calexico, and Owner Sergio Farias has laid off 180 of his 230 employees...
...other top commanders of the F.M.L.N. He was probably the last of the leaders to agree to the current guerrilla strategy of combining warfare with an offer to negotiate with the Salvadoran government for a share of power. Significantly, the F.P.L. maintains its own underground radio station, Radio Farabundo Martí, separate from the guerrillas' joint propaganda station, Radio Venceremos...
...Harvard, where "imperialism" is an I.D. on your Soc. Stud, generals, where the Reagan tax cut means a boost in most people's "disposable family income." People feel differently in Jefferson Park, a mile to the northwest, where the housing project is going to slowly crumble and the Food Mart is going to be held up half a dozen times and then probably close, where the bus is going to come less and less often and the public schools are going to turn into bigger jokes than they...
Toys R Us is the creation of Charles Lazarus, 58, who has been selling children's wares since 1948. Lazarus began with a kiddy furniture store in Washington, D.C., that he called National Baby Shop. He changed the name to Children's Super-mart in 1954, and reversed the three Rs on the sign and company stationery to attract attention. Says he: "We used the backward R because it made the name distinctive. Everybody remembered it." Customers used to come into the store regularly and tell the manager that letters on the sign out front were backward...
...middle-income people. These are the consumers who depend most heavily on revolving credit, where interest rates sometimes reach 20% and 21% for purchase payments dragged beyond 30 days. Says Eckstein: "The more you go into blue-collar items, which are found in stores like Sears and K mart, the worse the prospects." Adds Robert Sakowitz, president of the tony Sakowitz stores in Texas: "The people who merchandise in the mediocre middle are going to be hurt...