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Albertson S Inc

BUSINESS
September 6, 2002 | Bloomberg News
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.
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BUSINESS
April 24, 2007 | Jerry Hirsch
The Southern California grocery workers union said it withdrew a complaint to the National Labor Relations Board alleging that the Albertsons supermarket chain violated federal labor law. In March, the United Food and Commercial Workers union charged in a complaint that Albertsons violated the National Labor Relations Act in the days leading up to a vote by workers that gave union leaders the power to call a strike. The union withdrew the complaint last week because of a lack of witnesses.
BUSINESS
November 24, 1998 | Reuters
Albertson's Inc. said its third-quarter profit rose 11.6% to $137.7 million, or 56 cents a share, in line with analyst estimates. The supermarket operator's sales grew 10.5% to $4 billion. Sales at stores open a year or more rose 1.7%. Albertson's recently received shareholder approval for its acquisition of American Stores Co., which will push Albertson's from the fourth-largest U.S. supermarket company to the second-largest, behind Kroger Co.
BUSINESS
December 1, 2005 | James F. Peltz, Times Staff Writer
A U.S. appeals court ruled Wednesday that a financial mutual-aid pact among the three grocery chains involved in the Southern and Central California labor dispute last year could be challenged on antitrust grounds, a spokesman for state Atty. Gen. Bill Lockyer said. Lockyer filed a lawsuit alleging that the agreement -- under which the chains shared nearly $150 million to help one another during the strike and lockout -- violated U.S. antitrust laws.
BUSINESS
June 3, 2004 | From Bloomberg News
Supermarket chain Albertsons Inc. said first-quarter profit dropped 79% after a labor dispute at Southern California grocery chains hurt sales and the company shed its seven New Orleans stores. Net income was the lowest in seven quarters, declining to $36 million, or 10 cents a share, from $172 million, or 47 cents, a year earlier. Sales in the 13 weeks ended April 29 fell 2.5% to $8.69 billion.
BUSINESS
September 11, 2004 | From Bloomberg News
Albertsons Inc., Safeway Inc. and the union representing workers at San Francisco Bay Area supermarkets agreed to keep negotiating past the expiration of their contract tonight. The No. 2 and No. 3 U.S. grocery chains and the United Food and Commercial Workers Union, representing about 30,000 workers in the region, will extend the current contract. Both sides have the option of halting the talks on five days' notice.
SPORTS
December 12, 2003 | Helene Elliott
A promotion to select carriers of the Olympic flame through Los Angeles on its way to the Athens Games has a significant catch: Forms to nominate candidates are available only at Albertsons stores, which are being picketed by locked-out supermarket workers. The contest will choose 30 winners, based on their inspirational qualities as detailed in essays due by Dec. 31. Allison Resner of Fast Horse Inc.
BUSINESS
February 28, 2004 | Marc Lifsher, Times Staff Writer
California Atty. Gen. Bill Lockyer won't drop his antitrust suit against the three supermarket chains involved in the California labor dispute even if union members ratify a proposed contract and end the 20-week strike and lockout, his office said Friday. "We definitely intend to pursue the case," Lockyer spokesman Tom Dresslar said. The suit was filed in U.S. District Court in Los Angeles over a mutual-aid pact that was entered into by Albertsons Inc., Ralphs parent Kroger Co. and Safeway Inc.
CALIFORNIA | LOCAL
March 8, 1997 | KIMBERLY SANCHEZ
A longtime Albertsons supermarket will close its doors in two weeks, leaving many residents, including several senior citizens, without a neighborhood grocery. "I've been coming here for years," said 75-year-old Jim Wetzel, as he left the market on El Camino Real with bags in hand. "Some prices are terribly high at the other end of town. I'm very disappointed to lose this sucker."
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