Word: bargain
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Dates: during 1990-1990
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...freak. Could this slab of sirloin beefcake act? It hardly mattered. He could fill the film frame superbly. He was also lucky. With the box-office triumph of Star Wars, Hollywood was back in the action- fantasy business. And with producers spending millions on optical gadgetry, Arnold was a bargain: here was a star whose body was its own stunning special effect. Eventually, smart moviemakers figured out how to carve a narrative niche sturdy enough for him to occupy...
Kerkorian, 73, collected $1.3 billion from the sale last month of his majority stake in MGM/UA Communications. Chrysler, which suffered a $214 million loss in the third quarter, must have looked like a bargain. Its stock price has fallen 40% in the past year, to 12 1/4. Even so, Kerkorian's strategy remains a mystery, since Chrysler's share of the auto market is weakening and the automaker's assets might be difficult to sell piecemeal...
Sawgrass, perhaps the snazziest discount mall to date, was built by Western Development Corp. based on the firm's two earlier successes: Potomac Mills in suburban Virginia and Franklin Mills on the fringes of Philadelphia. Each attracts 1 million bargain-hunting shoppers a month. "Western is doing something daring and truly different, gambling that this might be the future of malls in America," says Terry Dunham, publisher of Value Retail News, which tracks the outlet industry from Clearwater, Fla. Western has plans for four more discount malls: near Chicago, Detroit, Pittsburgh and Ontario, Calif. Not to be outdone, Benderson Development...
...includes Bloomingdale's, Burdine's, A&S and Jordan Marsh. She may be wrong about that. "I'd much rather go to a fancy mall and shop a sale," admits Sheryl Rolnick, 39, of Coral Springs, but one day recently she drove out to Sawgrass to do a little bargain hunting. "The discount malls are having an effect," she says. "Lately, my local Lord & Taylor and Jordan Marsh are dead...
...without some pitfalls. Service can be spotty to nonexistent. At Bass shoe outlets, for instance, the customer himself must find the right size shoes. Often the latest styles and fashions are not offered at outlets, and there may be a limited selection of sizes. Nor is getting a bargain guaranteed. Prices have edged up as yesteryear's bare-bones outlet stores full of seconds and irregulars have given way to today's fancy discount malls full of first-quality goods. "You need a good eye or you can still get ripped off," observes Mark Trainor, an Austin computer salesman browsing...