Word: supermarketing
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...battle to acquire Britain's Safeway supermarket chain is strictly small potatoes by conventional standards. But to deal-starved investment bankers, it's a feast - although the main course has yet to be served. Six potential bidders have emerged to date, trailing 11 investment banks, but so far only one offer is on the table, an unappetizing €4.4 billion stock offer from supermarketer William Morrison that Safeway no longer supports. Three bigger retailing rivals - Tesco, Sainsbury and Wal-Mart - are likely to encounter serious anti-trust obstacles if they make bids, bankers say, and the two financial bidders...
...sales rep stationed at the front door of the Kroger supermarket in a suburb of Columbus, Ohio, knew a family of attractive marks when she saw one. Here was a nice-looking young couple with their cooing newborn in the shopping cart: perfect targets for a high-speed spiel. "Have you had a family portrait yet? We're running a special deal this week, one 10 by 13-inch portrait, a $60 value, right now for just $8. Oh, the baby's so cute. Can I sign...
...past two weeks, we'll bet 150 people have wished you happy New Year. And at the supermarket or dry cleaner, someone wanted you to "have a nice day." The Democrats used to chorus, "Happy days are here again." The noted self-help guru Bobby McFerrin counseled, "Don't worry, be happy." Other pop singers tell us that happiness is "a thing called Joe" (Judy Garland), "what my life's about" (Vanessa Williams), "when you feel really good with somebody" (Al Green), "a warm gun" (John Lennon), "an option" (Pet Shop Boys). The old saloon singer Ted Lewis used...
...inspired would-be sauciers in Vietnam and further afield to trade illicitly on its tangy reputation. Nguyen Thi Tinh, president of the Phu Quoc Fish Sauce Producers Association, went on a business trip to France last year and found a bottle of imported Vietnamese fish sauce in a supermarket. "The label said Phu Quoc, but when I looked closer, it said 'Made in Thailand' on it," recalls Tinh. "I was horrified." France recently signed an agreement giving Nuoc Mam Phu Quoc an appellation d'origine contrôlée, the same status given to Cham-pagne vintners. Which just...
...Mart's Supercenters are able to underprice their supermarket competitors about 15%, according to analyst Kalish, in part because they are more efficient but also because the discount giant uses nonunion labor. Wal-Mart matches the union pay rate in union markets, but the average wage at Wal-Mart nationally is less than $10 an hour before bonuses...