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...exceeding 35%, more than triple the rate of the retail industry as a whole. Last year Wal-Mart posted profits of $450.1 million on sales of $11.9 billion, up from only $2.4 billion five years earlier. The company, which ranks as the fourth largest U.S. retailer, is poised to supplant the No. 3 chain, J.C. Penney (1986 sales: $14.7 billion), and is moving up fast on the industry behemoths, K mart ($23.8 billion) and Sears ($44.3 billion). This week Wal-Mart plans to open eight more stores in towns ranging from Canon City, Colo., to Hickory, N.C., bringing its total...

Author: /time Magazine | Title: Make That Sale, Mr. Sam Wal-Mart's | 5/18/1987 | See Source »

...close adviser to Meese for seven years, both in the White House and at the Justice Department, Cribb, 38, has a reputation as a tough ideological infighter with a hair-trigger temper. Conservative Columnist William Buckley recently lauded him as an "arrestingly bright young man." Cribb seems destined to supplant Gary Bauer, a conservative intellectual who was recruited from the Education Department as a ranking domestic adviser in the waning days of the Regan regime. "Gary will continue to formulate domestic policy," says a Baker aide, "but Ken will provide outreach to the Cabinet, particularly Ed Meese...

Author: /time Magazine | Title: The President's New Men | 4/6/1987 | See Source »

...conference promised to be an exciting alternative to the Ivy-dominated ECAC. With a combination of competitive recruiting, a demanding schedule and a television contract, it seemed that Hockey East would quickly supplant the ECAC as the dominant Eastern College hockey power...

Author: NO WRITER ATTRIBUTED | Title: ECAC-Hockey East Schism Reconsidered | 3/26/1987 | See Source »

...presidency has been a perilous struggle to unite the divided country under her popular leadership. The trouble broke less than two weeks before she is to face a major political test: a Feb. 2 plebiscite on a new constitution, drafted by her government. If the basic law, which would supplant the Marcos constitution of 1973, wins the voters' approval, it will not only confirm Aquino in the presidency for a full six-year term but will be widely viewed as an indicator of her popularity and legitimacy. Critics on the left complain the proposed constitution does not address the problems...

Author: /time Magazine | Title: The Philippines Death In Manila | 2/2/1987 | See Source »

Chris Van Allsburg is a magic realist whose haunting illustrations are full of silence and mystery -- perhaps too much mystery for his slender narratives. In The Stranger (Houghton Mifflin; $15.95), 15 autumnal watercolors all but supplant the story of a nameless figure knocked down by a farmer's pickup. He recuperates at the farm, mute but helpful. As long as the mysterious man is present, the farmer's fields stay green, while all around them leaves turn the color of fire. Winter comes only when the stranger departs. Every year thereafter, the frosty windows bear a Delphic message...

Author: /time Magazine | Title: Books: Enchantments For | 1/5/1987 | See Source »

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