Word: albertson
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Dates: during 1970-1979
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...preempt. Among them are such rock-bottom offerings as Sword of Justice (Sept. 10, 8 p.m. E.D.T.), a contemporary rehash of Zorro, and The Eddie Capra Mysteries (Sept. 8, 9 p.m.), yet another rip-off of Perry Mason. Though Grandpa Goes to Washington (Sept. 7, 9 p.m.) has Jack Albertson playing a U.S. Senator, it seems as old-hat as The Farmer's Daughter. NBC's principal new sitcom, The Waverly Wonders (Sept. 7, 8 p.m.), boasts a surprisingly ingratiating star in Joe Namath, but is otherwise a pale carbon of Welcome Back, Kotter...
...quarter ended Aug. 27, the second period of its fiscal year, dropped a sickening 88% below a year earlier, even though sales rose 2.4%. After that news broke, President Gentry resigned. He has been succeeded by David W. Morrow, 46, who once worked with Chairman Scott at Albertson's, a food and drug chain based in Boise, Idaho. Though A. & P. is closemouthed about the profit crash and the executive shift, G.E. Manolovici of Bear, Stearns & Co., one of a mere handful of Wall Street analysts who bother to follow Grandma any more, says: "To me, as an outsider...
...those closest to Prinze minimize the domestic problem. Indeed, Prinze had been threatening suicide for more than a year. His morbid bent had led him often to watch a copy he had of the Zapruder film of President Kennedy's assassination. Noted Prinze's TV costar, Jack Albertson: "A combination of things had him down. On the set he would sometimes retreat into himself. But he would recover. He would joke, have fun, kibitz around. Then the next day he would be depressed again." Says Komack: "His real despondency, whether he could articulate it or not, concerned...
...yielded its No. 1 sales position to California-based Safeway. A. & P. had too many stores; many were small and unprofitable, but until recently management did not have the nerve to lop them off. In December, however, Jonathan Scott, 45-year-old head of the Idaho-based Albertson's Inc. chain, was signed on as A. & P.'s first chief executive from the outside, and he has been making the old firm's bones rattle...
Scott joined Albertson's as a trainee in 1953 after marrying the boss's daughter, and rose to executive vice president six years later; he proved so able that even after his marriage broke up, his ex-father-in-law made him vice chairman and chief executive officer. Scott wants to improve A. & P.'s "slipping image" among shoppers, partly by building many new stores. He will probably ditch the WEO slogan, which he does not like, but still keep markups low. Yet he also hopes to lift A. &P.'s profit margin, which now hovers...