Word: supermarketeer
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Dates: during 1970-1979
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...more militant promoters of the farm strike demand that the Government boost price props so much that the price of wheat and corn would about double, cattle would go up 69% and hogs 47%. Doing that, warn Government agricultural experts, would bust the budget, raise domestic supermarket prices and squeeze U.S. farm products out of foreign markets. But the Carter Administration has made no effort to squelch the farmers' protests or strike plans. Says Agriculture Secretary Bob Bergland: "I've talked to the President. The protests are a legitimate expression of concern. We're watching with sympathy...
...million and is listed on the American Stock Exchange. Péadeau (or "Pile-o-dough," as he is sometimes called in Canada) blew into Philadelphia only three months ago, quietly hired a staff of 50 local journalists and rented typewriter space for them in a vacant A&P supermarket across Market Street from the Bulletin. Péladeau pays the Bulletin to set type for the Journal, and three small suburban dailies to print it. "I don't invest in buildings," he says. "I invest in staff and promotion...
...billion, but profits fell from $56 million to less than $14 million. They are likely to shrink this year to near invisibility. Even in 1976 A. & P. earned a mere tenth of a cent on each dollar in sales. The company yielded top sales rank in the supermarket business to Safeway (1976 volume: $10.4 billion) in 1973. Now it is close to being overtaken as well by Kroger (1976 sales: $6 billion). A. & P. shareholders are understandably disgruntled because they have received dividends in only two of the past five years (450 a share...
...Soviet purchases should have little, if any, impact, however, on prices at the supermarket. With grain prices so depressed, it would take a huge jump in the farm cost of wheat, for example, to add even 20 or 30 to the price of a loaf of bread. Stung most by the Russians' ploy will be the big grain speculators, who were selling grain futures contracts short this spring and summer in the expectation that prices would fall even lower. The Soviet shortfall changed all that and taught the speculators-as well as Washington officials-a little more about...
...supermarket approach, though, is slowly giving way to a new opulence as Harrah's tries to upgrade the quality of its clientele. Each room at its recently expanded Tahoe hotel cost $100,000 to construct and contains two baths with telephones and miniature Sony TV sets. A similarly posh addition is planned eventually for Reno, where the company faces new competition next year from two large hotels now under construction, the MGM Grand and the Sahara. In still another move designed to boost income, Harrah's has begun manufacturing more $1 one-armed bandits-slot machines that take...