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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jun 10, 1972
Page
3
New price policy branded WEO aims to undercut A and P as Safeway leads with strong first quarter sales. Analysts note potential profits drop from 21 percent to 9 18 percent as 2600 stores convert to WEO pricing. If early results hold A and P could regain or lose dominance depending on June quarter.
Jay Zwynenburg, ex IBM and General Cable manager, purchases Bennington Bookshop. He cites desire to spend more time with family after decades in big business, planning to keep book and office supply focus with minimal changes. Parks remains involved. Zwynenburg’s family includes four children and ski fans.
Grand Union officials reportedly consider either expanding the existing Bennington store or building anew, with discussions reported involving Charles G. Harte and Hubert Willard about a possible bowling alley sale and the theatre site, while a Grand Union vice president denies current plans to change Bennington operations.
In Providence, a former newspaper executive now at Columbia J School urged a law requiring essential power holders, including publishers, to disclose all financial holdings. He warned publishers owning large stock could bias reporting on requests for rate increases. Reprinted from Publishers' Amicably.
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