November 14, 2003 |
The Los Angeles County Federation of Labor is adapting what it does best -- political organizing -- to the regionwide supermarket strike, which is about to enter its sixth week. Using targeted mailings, recorded messages from union leaders and precinct walkers, the federation is appealing to women to stay out of Vons, Pavilions and Albertsons stores leading up to the busy Thanksgiving shopping week.
CALIFORNIA | LOCAL
September 3, 2003 |
A judge has ordered Albertsons supermarkets to pay $1.85 million to settle accusations that the chain's computer scanners overcharged customers across California for groceries. The settlement came after prosecutors in 15 counties prepared a civil lawsuit accusing Albertsons of false advertising and unfair business practices. Between August 1999 and December 2002, inspectors across the state documented 335 overcharges at 157 of the chain's stores.
December 24, 2005 |
Shares of Albertsons Inc. tumbled 12% on Friday, a day after the grocery chain abandoned talks to sell the company. Negotiations with a group of investors including Supervalu Inc. and CVS Corp. collapsed because "we did not get a bid we could accept," Albertsons spokeswoman Shannon Bennett said late Thursday. The company said it remained in discussions about selling some assets. Albertsons is losing market share to Wal-Mart Stores Inc. and other lower-cost competitors.
August 11, 1998 |
The parent of the Ralphs/Hughes supermarket chain, which for six months has been seeking a buyer for 19 Southland stores to satisfy state antitrust concerns, now finds itself in the same basket as many consumers--lamenting the dwindling number of choices. Both Albertson's Inc. and American Stores Co., owner of the Lucky grocery chain, had been in negotiations to acquire some of the stores that Fred Meyer Inc.
March 13, 2001 |
Albertson's Inc. said its fourth-quarter operating profit fell a less-than-expected 17% but warned that first-quarter earnings will miss forecasts. The supermarket operator said profit fell to $246 million, or 60 cents a share, excluding merger-related costs of $26 million, from a year ago, as sales fell 3.6% to $9.54 billion. Analysts on average were expecting 50 cents in the latest quarter, according to First Call/Thomson Financial.
March 14, 2002 |
Grocery chain Albertson's Inc. posted a 32% rise in fiscal fourth-quarter profit, saying cost cutting helped offset weaker sales and competition led by discounting giant Wal-Mart Stores Inc. The company is leaving the Houston, San Antonio, Nashville and Memphis, Tenn., markets as part of a cost-cutting program. Albertson's stock rose 29 cents to $31.69 on the New York Stock Exchange. The Boise, Idaho-based retailer said net income for the quarter ended Jan.
September 6, 2002 |
Albertson's Inc. had a profit in its fiscal second quarter, contrasting with a loss a year ago, after the No. 2 U.S. supermarket company shut stores to reduce costs in an attempt to compete with Wal-Mart Stores Inc. and rival grocers. Net income in the second quarter ended Aug. 1 was $253 million, or 62 cents a share, contrasted with a loss of $151 million, or 37 cents, a year earlier, the operator of Acme supermarkets and Osco drugstores said. Sales fell 3.2% to $8.94 billion.