Word: supermarketing
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...BETTER AT A & P, insists the latest ad slogan of the not-so-Great Atlantic & Pacific Tea Co., whose $7.2 billion in sales make it the nation's third largest supermarket chain (after Safeway and Kroger). Last week one of West Germany's largest food retailers unexpectedly took the 120-year-old company at its word. The private Tengelmann Group made a friendly deal to pay $78.5 million to four holders of A & P stock, including heirs of the founding Hartford family,* for their 42% controlling interest in the ailing giant...
Affectionately known to employees as "Grandma," A & P, like many old ladies, has been showing her age. Supermarket chains generally have been battling slumping profit margins, changing food-buying habits and competition from smaller, more flexible independents and fast-food restaurants. The once unchallenged A & P was hurt because many of its center-city stores were uneconomically small and stuck in deteriorating neighborhoods, and it was late to open bigger, more modern markets in the more profitable suburbs...
...hamburger and canned corn to ship back to Germany. Erivan Haub, 46, the hereditary sole owner of the company, noted that he saw in A & P "an opening to the U.S. market where Tengelmann experience can be put to profitable use." Haub, who trained with the Chicago-based Jewel supermarket chain, promised to stay out of day-to-day operations and hinted, to the delight of A & P directors, that he might supply much needed capital. A full hands-off policy is neither likely nor desirable. Noted one U.S. food-chain executive in Hamburg: "Haub will surely offer suggestions...
Corporate executives see nothing sinister about the PACs' spending. Says Glen Woodard, vice president of Winn-Dixie Stores, Inc., a large Southern supermarket chain: "It's just as much a civic responsibility as helping the Heart Fund." This year Winn-Dixie gave $120,000 to 70 candidates, most in districts where the company has retail outlets...
...bars, high-intensity driving lights, giant tires, formidable grille guards and CB antennas. Four-wheel-drive cars first gained popularity in the West with the off-road set, but now they are driven by housewives and businessmen-and they are seen everywhere, often making the perilous journey to the supermarket...