Word: marts
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Dates: during 1990-1999
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Lori wheels her station wagon into a spot outside the Wal-Mart, a 20-minute drive from her home. She likes to go late at night, after Sam is asleep, for some solitude among the bargains. But on this Saturday morning she's there by 11, filling her cart with four winter shirts for her son, four ladies' shirts, baby wipes and formula, paper towels, a flea comb for her two cats, 136 diapers, and a box of graham crackers to occupy Sam, who's strapped happily into the front of the cart. The total comes to $146.13. "I thought...
Such problems notwithstanding, countless credit-card wannabes continue to crowd into the field. Next week Wal-Mart and Chase Manhattan Bank will roll out a no-frills MasterCard with no annual fee and an annual interest rate of 14.48%. "We found that people really don't care that much about special promotions," says Keith Morris, a spokesman for the largest U.S. retailer. "They want a card with a fixed low-interest rate that won't go up after 60 or 90 days." But Wal-Mart is baiting its hook with a 9.9% teaser rate to encourage holders of other cards...
...VANGUARD GROUP, Valley Forge, Pennsylvania; 800-433-5514. The long-standing No. 2 of the mutual-fund business and the leading practitioner of no-load investing, Vanguard is led by iconoclastic John Bogle. It is the Wal-Mart of mutual funds, dedicated to winning customers by driving costs lower and lower. Because of that strategy, Vanguard has grown like, well, Wal-Mart. The annual cost of keeping your money at Vanguard is 31' per $100 invested, vs. an average $1.11 for the industry overall. When it comes to money-market and bond funds, where every penny counts, Vanguard...
...MART Albumed out: chain bans new Sheryl Crow release for lyrics implying it sells guns to kids...
Things aren't going so swimmingly for Strug's sister in pharyngeal disadvantage, Kathy Ireland. Authorities busted a sweatshop in New York, where workers were locked in and the sprinkler system was broken. The clothes made there for K Mart bore Ireland's label. "I will not, and K Mart will not, tolerate unscrupulous practices in the manufacture of my products," said the swimsuit model...