Word: supermarket
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Dates: during 1970-1979
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Trouble is, the scanners and computers needed to reckon the sales are missing. Of the nation's 33,000 supermarkets, only 373 have the new equipment. Meanwhile, the slow pace of the UPC revolution has led to quick check-outs by several firms that had hoped to capture a share of the supermarket automation field. After investing heavily in research and marketing studies, General Electric, RCA, Singer, Bunker Ramo and Pitney-Bowes all chose to cut their losses and quit. Now even Sperry Rand, which had bought out RCA's licenses, has withdrawn...
...there was less to the good news than met the eye. Food prices, which rocketed during the winter and spring, dipped 0.3% at wholesale in July, promising some relief at the supermarket checkout in coming months. The dip had been expected, however. Indeed, if it had not occurred, the U.S. would have been in a desperate inflationary jam: wholesale prices of other finished goods continued to jump at double-digit rates. At best, chances have only improved for holding consumer-price increases for the year to no more than the 7.2% that the Administration forecast. Says Alan Greenspan, a member...
Philip Wong, 35, was executive vice president of a supermarket and department-store chain in Jamaica and owned three Chinese restaurants and a food-packaging plant. He, his American-born wife Barbara, 28, their two children and nine of his ten brothers and sisters came to the U.S. to escape the threatening political climate and lawless atmosphere of Jamaica. Wong has a highly successful Chinese-Polynesian restaurant in the Miami Omni International complex, feels that the U.S. is "the last bastion of democracy and free enterprise...
...weave their own shirts. Author Noel Perrin, who putters at Vermont farming when he is not teaching English at Dartmouth or writing graceful scholarly books (Dr. Bawdier's Legacy), deserves a longer hearing. True, Perrin sometimes sounds like a country snob who would be horrified if the supermarket patrons he patronizes actually swarmed to New England in search of the rustic bargains he eulogizes. But even while baiting the slickers, he is consistently entertaining...
...when any businessman could see that the cost of raising steers and cows was higher than the price for selling them. Cattlemen cut their herds from 132 million in 1975 to 115 million now, and the iron law of supply and demand levied a heavy fine on the supermarket shopper. When average prices of beef cuts jumped from $1.63 per lb. in March to $2.09 per lb. in June-far faster than the cost of living-Jimmy Carter's advisers urged him to open the import gates...