Word: storing
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Dates: during 1980-1989
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...slow to respond to the dramatic changes taking place in Eastern Europe and the Soviet Union with the comment, "I don't want to do anything dumb." That remark has several translations, among them: "I don't want the anti-Communist right to accuse me of giving away the store...
...read further down one of the advertisements. It seems I can use the discount at any of the store's locations--all 12 branches. What would they say back home if they knew I had patronized a branch for a haircut? Branches are for trees and for banks, they're likely to explain...
...Mart is going up in Creston, 20 miles away, and Greenfield's merchants fear the worst. Wall Street traders will hail America's richest man, Sam Walton, and his relentless retailing march across the country. But Walton's new store, dropped in a field of asphalt (one of 1,400 in his discount empire) will suck a bit more of the commercial life out of Greenfield and similar towns in the same radius. Another comfortable old building with arched windows and high ceilings may have to be padlocked. Not so long ago they were all open, and the square filled...
Upscale department-store chains have been among the most fashionable U.S. targets for foreign investors. Like well-heeled Christmas shoppers, they scooped up some of the most famous names in American retailing, from Bloomingdale's to Bonwit Teller. Now several store chains are suddenly up for sale again, creating a sense of turmoil in retailing just as it heads into its busiest season...
...other foreign investors are in trouble largely because they overreached. Burdened with debt, Canadian mogul Robert Campeau was forced last month to relinquish control of his retailing empire and put the 17-store Bloomingdale's chain up for sale. In August Australian raider George Herscu put his U.S. retailing subsidiary into bankruptcy after becoming overwhelmed by its $1.2 billion takeover debt. Herscu may well have to sell Bonwit Teller (stores: 16) and B. Altman (7), which he acquired...