Word: nonfood
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...ranged from luggage to toys to women's clothing. Now many are discovering that their eyes were bigger than their stomach, and they are getting back to basic areas of expertise. The latest to join the trend is Chicago's Quaker Oats, the breakfast giant. It will shed its nonfood division, the Specialty Retailing Group, which accounts for 6% of the company's $3.67 billion in sales. Acting on the same impulse, Northbrook, Ill.-based Dart & Kraft (1985 sales: $9.9 billion) had previously announced that it would split into two companies. The Kraft portion will retain its name and virtually...
Many scams involve the purchase of glittering nonfood items with stamps. Agents have bought a motorboat and used cars in Illinois, a gun complete with silencer in Wisconsin and marijuana in Kentucky. At the Hennepin Hotel in Minneapolis, the U.S. agency investigators discovered that the owner gladly accepted the coupons instead of cash when it came to settle the room bill. In an investigation in Las Vegas headed by Lamond Mills, U.S. Attorney for Nevada, federal agents used the stamps this year to purchase, among other items, four guns, two diamond rings, a handsaw, cocaine, a macaw from Mexico...
...rise in nonfood prices suggests that many manufacturers are betting that a period of vicious inflation leading to mandatory price controls lies ahead, and are kicking up prices before the controls are imposed. Feeding these inflationary expectations are the gloomy forecasts of a number of alarmist economists who have been blowing taps for President Carter's voluntary Stage Two wage-price restraints almost from the moment they were announced last fall...
Unfortunately, the extra-slow pace of August price boosts is no more likely to continue than was the earlier super-rapid rate; both were distorted by the erratic timing of food-price movements. Nonfood portions of the CPI are still rising at an annual rate of 6% to 7%, indicating that the underlying rate of inflation has not changed much. In September the index as a whole is likely to rise more than in August, though scarcely back to the double-digit range. At the least, though, the August figures give weight to the Ford Administration's argument that...
...building 80 big supermarkets in this year's first half. A. & P. also continues to limit brand variety on its shelves, in part because of its heavy commitment to its own private house labels. This deficiency is most obvious in A. & P.'s relatively skimpy line of nonfood items-everything from film to beauty aids-which are likely to provide the biggest future sales growth for supermarkets...