Word: krogers
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Food shortages threaten to make a mockery of the merchandising might of grocery chain stores. At Chicago, last week, at the annual meeting of the National Association of Food Chains, goliath grocers like A. & P., Safeway and Kroger heard that the foundations of their greatness were being undermined-huge turnover shrinking, their small but carefully controlled unit profits thrown out of kilter by price ceilings...
Last year the chains sold one-third of all U.S. retail foodstuffs, grossed $3.8 billion. Sales volume climbed still higher this year. Some chains have had the best year on record. Kroger's sales in August were 26.4% better than the same period last year, Safeway's up 27.9%, National...
Best example of how the chains set compliance standards is in food retailing, where the U.S. has some 600,000 outlets, ranging from carload-lot supermarkets to one-man neighborhood shops. Only 40,000 (7%) of these outlets are owned by chains (A. & P., Safeway, Kroger, etc.), but they do a potent 33% of the business. The five largest chains alone, with about half the chain outlets, handle two-thirds of the chain volume. This, says the Department of Justice, means that "the food chains are in a position to dominate the food industry." If that...
Soon many of Detroit's 400,000 school kids were running about with defense-stamp albums. Next the large chain stores-A. & P., Kroger, Woolworth, Penney, etc.-hung out red, white & blue signs, began selling stamps like cigarets. The Cunningham Drug chain spent $1,600 on newspaper ads, nearly burst with patriotism when daily bond sales in its 125 Michigan stores hit $750. Kroger's eight Lansing stores rang up $80 daily. Last week 12,500 Michigan stores were selling bonds; by mid-September there...
...During 1939 Kroger Grocery & Baking Co. (No. 3 U. S. food chain in sales) liquidated 90-odd of its jerkwater stores in favor of bigger meat & grocery stores and supermarkets. 1939 net, $5,514,597, 47.4% better than...