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...Joseph Binder fumes: "A. & P. is helping to place the supermarket business into a tailspin. That company is selling items at prices at which it could not possibly make a profit." Prospects of more bloodletting are worrying investors. In the past two weeks, the stocks of three major chains-Jewel, National Tea and Supermarkets General-all plunged to lows for the year. A. & P.'s stock is down to 16 7/8, compared with 22 in January and its historic high...

Author: /time Magazine | Title: RETAILING: War in the Supermarkets | 8/14/1972 | See Source »

...Late Show. While persisting in their money-losing efforts to combat A. & P.'s assault, many chains are seeking new ways to boost earnings. One new wrinkle is round-the-clock service, which has been adopted by some or all stores in the Jewel, Pathmark, Arlan's and other chains. They aim to attract new customers while A. & P. and other competing stores are closed. Says Marvin Lerner, executive vice president of Manhattan-based Bohack, which has put its discount chain of Village Stores on a 24-hour schedule: "We've competed...

Author: /time Magazine | Title: RETAILING: War in the Supermarkets | 8/14/1972 | See Source »

...joined Vanity Fair. Later, as critic at the New Republic, he made the original assessments that launched America's literary renaissance. Wilson was the first important critic to recognize the fragile talent of a fellow Princetonian. "F. Scott Fitzgerald," he wrote in 1922, "has been left with a jewel which he doesn't know quite what to do with." Two years later, Wilson published the first appreciation of a new writer named Ernest Hemingway...

Author: /time Magazine | Title: Books: Edmund Wilson: 1895-1972 | 6/26/1972 | See Source »

...supply of cattle. Says Sherwood O. Berg, dean of the University of Minnesota's Agriculture Institute: "Right now meat packers are operating under capacity. They are chasing animals to keep their manned production lines going." Nor are supermarkets in very good shape. At Chicago's Jewel Food Stores, the profit margin has slipped slightly since Phase II began. The huge A. & P. chain lost money last year. New consumer-protection laws have also boosted the super-marketeers' costs; they often have to put meat in relatively expensive plastic see-through trays and must absorb the administrative expenses...

Author: /time Magazine | Title: FOOD PRICES: Let Them Eat Fish | 4/10/1972 | See Source »

There are also a couple of casual sub plots involving hotel jewel thieves and a crew of especially clumsy secret agents on the track of some top-secret documents. It all ends with everyone pursuing everyone else up and down the hills of San Francisco in a chase scene that is loaded with spectacular stunts but notably short on laughs...

Author: /time Magazine | Title: Cinema: Popular Mechanics | 4/10/1972 | See Source »

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