Word: supermarket
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Dates: during 1990-1999
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...Berlin, discovered that the radiation from a body that was glowing red hot could be explained if light came only in packets of a certain size, called quanta. It was as if radiation were packaged like sugar; you cannot buy an arbitrary amount of loose sugar in a supermarket but can only buy it in 1-lb. bags. In one of his groundbreaking papers written in 1905, when he was still at the patent office, Einstein showed that Planck's quantum hypothesis could explain what is called the photoelectric effect, the way certain metals give off electrons when light falls...
...many of us stuck with cascading cans of soup and a two-year-old's tantrum in Aisle 6? The fact is, online supermarket shopping is in its infancy, and most of the $440 billion we spend annually filling the pantry goes to traditional grocers. Naturally, they are less than enthusiastic about giving that business up. "We're going to fight for every food dollar," says Michael Sansolo of the Food Marketing Institute, which represents the grocery establishment...
...cantaloupe anyway," says Molloy. Liz Stone concurs. These days, she only sets foot in a regular grocery store about once a month, for the odd item she forgot. "When we do go now, it's like a treat for the kids," she says. Children who actually enjoy supermarket shopping? The wonders of e-commerce will never cease...
...recent drought threatening next year's crop in Brazil, the wholesale price of coffee has shot up some 80% in the past few months, from a five-year low of 80[cents] per lb. in early October. Last week, as rains drenched Brazil, the price dropped a bit. Still, supermarket brands like Folgers and Maxwell House, which cut the price of a 13-oz. can by a dime in August, are jacking it up by 30[cents]. For the moment, gourmet beans at Starbucks or Peet's are staying the same...
Miller, who transformed regional grocer Fred Meyer into a supermarket behemoth before it was sold to Kroger earlier this year, knows fixing Rite Aid will be an uphill battle, so he's bringing three top lieutenants to help him. "Bob really cares about the customer, and that wasn't always an attitude that pervaded Rite Aid," says Meredith Adler, analyst at Lehman Bros. "He's a talented manager and a real straight shooter...