September 30, 1989 |
Will Friday the 13th prove to be American Stores' Lucky day? On that day in October, the U.S. Supreme Court is scheduled to consider whether to review the antitrust case that has so far prevented the Salt Lake City-based company from merging its Alpha Beta and Lucky supermarket units. A review would further delay, and possibly scuttle, American Stores' effort to unite the chains under the Lucky banner. California Atty. Gen. John K.
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.