Word: southland
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...Finally the shops hit on the ultimate weapon: playing saccharine tunes guaranteed to send adolescents screeching into the night. Says 7-Eleven spokeswoman Margaret Chavris: "They won't hang around and tap their feet to Mantovani." Most teens agree. "Can you believe this nonsense?" says Ray LaVerne, 18, at Southland's store in Tillicum, Wash...
...same problem has staggered Southland and Circle K, the two largest U.S. operators of convenience stores. Southland, which runs 7-Eleven outlets (total stores: 6,900), ran into trouble after borrowing $4.9 billion for an LBO in 1987. The cash-strapped company is now negotiating to sell 75% of its stock for $400 million to Japanese investors. Circle K, with 4,600 stores in 32 states, sought protection under Chapter 11 last month after accumulating $1.2 billion of debt during a six-year expansion binge...
...where Japanese investors have found investments more lucrative or stable than at home. Says Nomura's Koo: "We got into this mess because Japanese investors were always moving money abroad." Example: Ito- Yokado, a Japanese supermarket chain, agreed last week to pay $400 million for a 75% stake in Southland Corp., the Dallas-based operator of the 7-Eleven chain of convenience stores. At the same time, Japanese investors have developed a case of "Europhoria" about opportunities on the Continent, thanks in part to the sudden rise of capitalism in Eastern Europe...
...same haunted, haunting look is hers in the role that has brought her back to Broadway after an absence of a dozen years: the thickly accented daughter of an Italian immigrant in the steamy Southland of Tennessee Williams' Orpheus Descending, which opened last week. The production, by Sir Peter Hall, former artistic director of both the Royal Shakespeare Company and Britain's National Theater, was a hit in London in December. Yet it took a risky struggle to transfer the show. Redgrave is a fervid member of a radical group called the Marxist Party; she has poured much...
...heat-crazed Western freshmen. The way this winter is going, they may never get the pleasure of falling through pristine snow and making snow angels. Instead, they will toss their frisbees at squirrels and say, "Hey, dudes, this weather, like, shreds. This is, like, what it's like in Southland--bitching. Rock...