Word: wallful
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Dates: during 1990-1999
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...wealth and happiness. And launch parties. So up and off an elevator you go, melting into an unimaginably beautiful crowd. Every woman looks like a model; every man looks, well, Italian. This is an Internet party, right? What on earth could they be selling? A sign on the wall reminds you: this is the launch party for Beauty.com...
...Sources: Wall Street Journal, CommScan, AP, ESPN, Washington Post
Sales at Rite Aid are up a healthy 9%, and most of its nearly 4,000 locations are jammed with customers in search of a cure for everything from pimples to arthritis. So why are Wall Street wags calling it Wrong...
...Robert G. Miller's job to rebuild it. Named Rite Aid chairman and CEO last week, Miller, 55, comes from the No. 2 job at Kroger, the nation's grocery powerhouse. To heal the drugstore giant, he'll have to regain confidence on Main Street and Wall Street: Rite Aid has been the biggest loser in the S&P 500 this year, with an 80% drop in its shares since January...
...expansion and cut back the company's costly advertising blitz. Rite Aid has rescheduled $2.7 billion of its debt, and before long, it should announce a deal to sell PCS. As for the underperforming, oversize stores on the West Coast, Miller insists he will rejuvenate, not unload them. Wall Street announced a measure of approval: Rite Aid stock closed at $11.50, up about $3 for the week. And with baby boomers and senior citizens fueling a boom in prescription drugs, Miller is confident he can cure Rite Aid's ills: "This is the fastest growing sector in retail...