Word: nonfood
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...persuading free-spending consumers to buy less, borrow less, save more. Since October, Belgium, France, Sweden, The Netherlands and Britain have increased their bank interest rates. France has also clamped some price controls on food and manufactured goods, and Denmark has placed a 9%-sales tax on most nonfood products. In Italy the government's austerity program aims at raising taxes on cars and gasoline, restricting installment purchases. Some manufacturers protest that such measures may brake Europe's boom too hard, but political leaders insist that drastic action is needed to stop the rise in export prices...
...small appliances. Shrinking profits have hit such giant food chains as A. & P., National Tea and Kroger, though some others have relieved the pinch by selling more and more items besides food. The Jewel Tea Co. chain (277 stores) has hiked its profits since it added high-profit-margin nonfood items-including brassieres...
...Consumer Price Index in August declined .1% from the July record to 124.8% of the 1947-49 average, the first decline in the index since last February. Primary reason: a .9% drop in food prices, which made up for an average increase of .2% in nonfood commodities and services...
...prove successful, C-318 will bring a vast expansion of the aerosol industry by making possible a big new pantry of liquid-gas-dispensed foods such as frostings, sandwich spreads, sauces and syrups. Until now, aerosol foods have been slowed by the fact that the liquid gases used in nonfood products have been ruled out by the Food and Drug Administration. (Compressed gases are now in use in a few food products but often lose their pressure before the food is exhausted, though recently developed compressed nitrogen shows promise of whipping the problem...
...Shield, the big change in super-marketing is not in functional display, but in new lines. To a conventional grocery in Keansburg, N.J.. Shield is now building a 20,000-sq-ft. addition that will sell only nonfood items. With one shopping cart the housewife can move from hardware to florist, from drugs to dry goods. In addition to women's and children's inexpensive clothing, the Keansburg store will offer cameras, costume jewelry, fishing rods, toasters, even outdoor lawn furniture. Five years from now, says Shield, every new supermarket will be a small department store; round...