Word: pathmark
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Dates: during 1970-1979
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...their products, but it cost an additional $59 billion for labor-packinghouse workers, store clerks, waiters, et al.-to get those products from the farm to the table at home or in restaurants. Operating expenses for food retailers have been rising particularly fast. One major chain, Supermarkets General (Pathmark), expects labor, energy and tax outlays to swell about 10% each. Yet supermarket managers complain that competition is so keen they cannot raise prices fast enough to ease the pinch on profit margins...
...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...