Word: payless
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Dates: during 1990-1999
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...chains, Martin Grass (son of Rite Aid founder Alex Grass) nearly doubled the number of outlets, buying independents and refashioning smaller locations into 10,000-sq.-ft. convenience stores. That kind of real estate doesn't come cheap. In 1996, Grass shelled out $1.4 billion for a thousand Thrifty PayLess drugstores on the West Coast. Then a year ago, he spent $1.5 billion on PCS Health Systems, a pharmacy-benefit manager that oversees employees' prescription coverage. Even Miller, whose retailing career began in high school as a bottle sorter for a California grocer, admits, "I wouldn't have been able...
...concierge to direct you to Nail Elite and Hair Artisans, the Civilized Traveller and the Silver Spoon Cafe. It must be said, however, that the same Buckhead hotel that enforces a dress code (jackets are "preferred" for men, even at breakfast) is the place where my $16 Payless shoes were stolen from the corridor...
...while Payless ShoeSource closes or relocates some 10% of its 4,500 discount stores, Gucci can't keep enough of its $295 high-heel pumps in stock. Nor has business slowed at Geary's Beverly Hills in that California city, where tableware goes for $1,000 a setting. Geary's wrapped up its best fall/Christmas season ever last year. Crows president Bruce Meyer: "Our customers want something to separate them from the crowd...
Taking another route, Donald Driscoll, a public-interest lawyer, has filed several lawsuits in California against major drug chains--including Payless, Long's and Walgreens--charging that the packaging and inserts for homeopathic preparations constitute false advertising. "We don't want companies to claim these remedies are effective unless they have evidence for it," says Driscoll." So far, that evidence is missing...
...neighbors joined forces, they also joined thousands of others across the country in a grass-roots movement that a few years ago seemed most unlikely: fighting major retailers trying to move into their neighborhoods. After years of passively accepting -- sometimes even welcoming -- the likes of Wal-Mart, Home Depot, Payless Drug Stores, K Mart and Price Club, residents are now protesting in the streets and hectoring at town planning meetings. They feel they are now wise to the disadvantages such stores bring: increased traffic, air pollution and cannibalization of their hometown retailers. Add modern media savvy...