Word: martelis
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Dates: during 1980-1989
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...easy to parody the overzealous quest for purity in Government and depict an Administration where top officials file disclosure forms each time they purchase an imported VCR at K mart. But it is also sobering to recall the taint that the "sleaze factor" left on the Reagan Administration and the nation's faith in Government integrity...
With one sweeping markdown, Sears hoped to regain the loyalty of customers who have drifted to such discounters as K mart and Wal-Mart. Abandoning its decades-old philosophy of luring buyers with frequent sales, Sears is turning to "everyday low prices." To put new price tags on 1.5 billion pieces of merchandise, Sears recruited a temporary army of retirees and high school students. Together with regular Sears employees, the price changers wielded 29,000 label guns. Said Chris Skinner, a high school freshman who worked at the Sears outlet in Columbus' Northland Mall: "The worst was the screwdrivers...
Because Sears will have to put new price tags on 1.5 billion items, the company will close more than 800 of its stores for 42 hours this week. The move is part of Sears' new strategy, announced last October, to compete aggressively with such discounters as Wal-Mart and Target...
...course, the whole commercialism of the holiday is pretty disgusting, too. Even ignoring the fact that Valentine's Day will cost any self-respecting boyfriend or girlfriend upwards of $30 (roses are expensive, you know), the thought of the K-Mart Valentine's Day sale seems about as appropriate as wearing a tie-die shirt to a funeral...
...reason has become clear. Between March and August, some of the company's U.S. representatives allegedly resorted to classic pressure tactics to shore up profits that had been eroded by price wars. Panasonic threatened to cut off deliveries to retailers that discounted Panasonic goods. Among the targets: K mart, Montgomery Ward and Circuit City. Last week Panasonic, a division of Japan's Matsushita, settled charges of price fixing with the New York State attorney general's office. While Panasonic admitted no wrongdoing, the company agreed to refund as much as $16 million to an estimated 748,000 U.S. consumers...