Word: krogers
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...share for the nation's biggest electrical-equipment firm. Giant International Business Machines had a nine-month profit of $102 million, up 10%. Drugs, retailing and food companies all were up, with cheery reports from R. H. Macy & Co., Upjohn Co., Kroger Co. Ford Motor was doing so well that it declared a 60? extra dividend, the first since public sale of its stock...
...from the Warehouse. Squat, muscular James Riddle Hoffa. 46, once tried to sum up in four short sentences his career after he left school at the end of the seventh grade: "I got a job in a department store-stock boy. Then I got a job at Kroger's. And that's my whole life. Pretty simple life...
...more complicated than that. But in one sense Hoffa's career indeed followed a simple line: straight up the ladder of labor-union power. He started by organizing his own union at the Kroger grocery-chain warehouse in Detroit, where he unloaded boxcars and trucks. At 19, he took his warehouse workers into a Detroit Teamster local. At 24, he became president of Detroit's Local 299, a post he still holds. In the 1940s he spread out through the Midwest, then moved South and East...
...food industry giants, for gobbling up smaller companies. FTC complains that supermarket chains have acquired 1,678 stores in past four years (v. only 560 stores in six years before that). Eight of FTC's largest merger cases involve groups of supermarkets, dairies or food processors. Among them: Kroger, National Tea, National Dairy, Borden, Pillsbury...
...dime and appliance stores as well as grocery merchants. Nearly 80% of all supermarkets sell air conditioners, and 76% have music departments. But the stores are having second thoughts about their standardized and monotonous displays, efficient atmosphere. "We've probably done ourselves a disservice by packaging tomatoes," says Kroger President Joseph B. Hall. "I think a housewife would still like to be able to pinch a tomato before she buys, and maybe we should let her. It might spoil a few tomatoes, but we'd probably sell more in the long...