May 21, 1988 |
The way Lucky Stores Chairman John M. Lillie sees it, his company's decision to merge with Alpha Beta is a sweet deal for customers. Low prices have "been our hallmark and will continue to be," he said. "We don't anticipate any change in that at all." Not everyone, however, is convinced. Prices, in fact, may creep up for awhile because "the level of competition temporarily will be slowed down," suggested Edward F. Comeau, an industry analyst with Wood Gundy Corp. in New York.
November 8, 1989 |
American Stores said Tuesday that it has reached an agreement with the state Attorney General's Office that will allow the company to merge its Alpha Beta and Lucky supermarkets in Northern California. Salt Lake City-based American Stores will sell about 13 of its 36 Alpha Beta stores in Northern California. The 23 other stores north of San Luis Obispo, Kern and San Bernardino counties will immediately be renamed Lucky and put under the management of that chain.
June 13, 1989 |
American Stores officials maintained Monday that grocery shoppers are suffering because of the protracted legal action that is barring the merger of Alpha Beta and Lucky Stores, the company's two California grocery chains. "I think the worst case is what we've got right now," said Jonathan L. Scott, vice chairman and chief executive of the Salt Lake City-based company, the nation's largest operator of food chains and drugstores. By operating the chains separately, he said, the company is unable to take advantage of cost savings in advertising, distribution, warehousing and manufacturing that American Stores has said would be passed on to customers in the form of lower prices.