During 53 years of covering the food business, Supermarket News has published many stories about industry predictions by executives. Rule No. 1 about predictions: In hindsight, they can be embarrassingly wrong. In 1968, a Midwestern store operator quoted in this publication said store perimeter departments would become extinct. In the early 1970s, many industry executives forecast the discount trend was past its prime. Undoubtedly, the businesses of the people who made these predictions are ...
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