Word: minimaxes
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Though many of the struggling "mom and pop" groceries have gone under, the surviving independent grocers have become bigger and smarter. They have banded into groups, such as the mid-Atlantic region's Foodland Stores and Texas' Minimax. These buy in carload lots, rent computers to watch inventories, and hire experts to keep their books, plan their ads, remodel their stores. The "voluntary chains" increased their share of U.S. food sales from 29% in 1947 to 49% last year...
...clock every morning last week, the queues began to build up in front of Buenos Aires' two sparkling new Minimax supermarkets. When the glass doors opened at 7:30, hundreds of bargain hunters rushed in to buy Argentine beef for 15? a pound (most B.A. groceries sell it for 30?) and other foods at 25% to 35% less than standard Argentine prices. Though the second store has been open only three weeks, the success of the two Minimaxes is so certain that their backers-the Rockefeller brothers, plus a group of Argentine financiers-are already building three more...
...their forces." But he added that since the "dou ble dealing" State Department was looking for "a pretext to bloody our homeland" his government "will never attack the base." In the wake of Cuba's newest seizures of U.S. property, including the 13-store, $5,000,000 Minimax supermarket chain and three rubber plants worth $25 million under way, Castro announced that the remaining U.S. holdings (valued at $275 million) would be held in reserve for expropriation in case of "future U.S. economic aggression...