Word: monuments
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Dates: during 1990-1999
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Analysts don't seem to want to hear about it. They look at Polo/RL as a high-cost operator, a dandy living beyond its means. The company's seven flagship stores--the latest, a 37,000-sq.-ft. monument to fantasy and finery on Chicago's Michigan Avenue--are money pits. Lauren says the analysts miss the point: the flagships succeed as marketing beacons. Nevertheless, sacrifices had to be made to the Street. Last month Polo/RL announced a restructuring, laying off 5% of the work force and shutting nine outlet stores. Is that enough of a (suede calfskin) belt tightening...
...basement of Grays Hall. An editorial in an 1895 Crimson vehemently protested the lack of bathing facilities and lamented that the only water to be found was in the basement of each building or from the pump outside of Hollis. Today, the pump rests as a bizarre monument in the Yard, but to the boys banished for lack of money, the pump was their sole source of plumbing...
Making room for this monument to television is no small matter either. The corner of our living room, which my wife had reserved for a baby grand (insert your own marital discord here), was cleared for the HDTV's landing, which required three men and a truck with a hydraulic lift...
...Michael Graves, postmodern architect, designer of the Portland Building in Oregon and the Crooks House in Indiana, has a new feather in his cap: availability at Target. The discount chain commissioned the architect to create a line of housewares after working with him on the restoration of the Washington Monument, which it's partly funding. He brought forth such potential budget wedding gifts as a toaster, kitchen utensils, a patio set and an ice bucket. Next: Issey Miyake redoes the Big Gulp for 7-Eleven...
When Walton died in 1992, with a family net worth approaching $25 billion, he left behind a broad and important legacy in American business as well as a corporate monument. Wal-Mart stores is the No. 4 company in the FORTUNE 500, with annual sales of close to $120 billion, ranking behind only General Motors, Ford and Exxon...