July 15, 2013 |
Arden Group Inc., the Compton parent of the upscale Gelson's Markets chain, said Monday that it is considering selling the company or looking into other options. Board members “initiated a process to explore and evaluate strategic alternatives, which may include a possible sale,” the company said in a statement. Arden, which owns 16 Gelson's across Southern California, said it retained Moelis & Co. as its sole financial adviser during the review. The supermarket chain said it hadn't made a decision to pursue any specific moves and said it had “no defined timeline” for its evaluation.
CALIFORNIA | LOCAL
January 13, 2005 |
Bernard Gelson, who pioneered upscale grocery shopping in Southern California as the co-founder of Gelson's Markets, has died. He was 84. Gelson, who had been in failing health, died Monday of pneumonia at his home in Encino, said his wife, Ellyn. Gelson was born in Sioux City, Iowa, on Jan. 29, 1920. He and his younger brother, Eugene, learned the grocery business from their parents, who ran a small store.
CALIFORNIA | LOCAL
November 17, 2010 |
The Los Angeles County Board of Supervisors voted Tuesday to ban plastic grocery bags in areas of the county under its jurisdiction, endorsing a broadly worded measure that proponents hope could become a model for California. The ban, which goes beyond ordinances adopted in Malibu and San Francisco, most directly affects 1.1 million people who live outside the county's incorporated cities. But anyone shopping at stores in such areas would encounter the new rules. Opponents suggested they might go to court to try to block the ban before the first phase takes effect in July, when 67 large supermarkets and pharmacies must stop providing disposable plastic bags.
January 20, 2008 |
Microsoft Corp. is bringing digital advertising to the grocery cart. The software maker has spent four years working with Plano, Texas-based MediaCart Holdings Inc. on a grocery cart-mounted console that helps shoppers find products in the store, then scan and pay for their items without waiting in a checkout line. Starting in the second half of this year, the companies plan to test MediaCart in Wakefern Food Corp.'s ShopRite supermarkets on the East Coast. Customers with a ShopRite loyalty card will be able to log into a website at home and type in their grocery lists; when they get to the store and swipe their card on the MediaCart console, the list will appear.
October 5, 1985 |
Price Co., which operates 21 discount warehouse stores in four states, on Friday said that it is negotiating with a Montreal-based retail chain to form a joint venture to open and operate an undisclosed number of Price Clubs in Canada. The San Diego-based company is discussing the joint-venture proposal with Steinberg Inc., which operates grocery and retail stores in Canada and the United States. The discussions could be concluded "shortly," according to a Price Co.
CALIFORNIA | LOCAL
May 19, 2011
Ross Hagen Actor was a regular on TV's 'Daktari' Ross Hagen, 72, a handsomely rugged actor who was a regular on the 1960s TV series "Daktari" and starred in the low-budget biker movies "The Hellcats" and "The Sidehackers," died of prostate cancer May 7 at home in Brentwood, said Lee Srednick, his partner of seven years. Launching his career in the 1960s with guest shots on TV series such as "The Big Valley" and "The Virginian," Hagen also appeared in the Elvis Presley movie "Speedway" and the motorcycle movie "The Mini-Skirt Mob. " In 1968, he joined the cast of "Daktari," the CBS adventure series starring Marshall Thompson as an American veterinarian running an animal study center in Africa.
November 26, 2003
The Teamsters' announcement that they will refuse to deliver to the grocery stores beginning a few days before Thanksgiving is a classic example of why unions lack public support (Nov. 25). Their disregard for the effects of their actions on others reinforces my perception of unions as groups of aloof, self-centered bullies. I have been asked to forgo convenience and choice for the last two months; now I am expected to accept a holiday food shortage for the purpose of gaining an attractive benefit package for grocery workers.
June 30, 1989
Circle K Corp.: The Phoenix-based convenience store operator reported that net income plunged 75% to $15.4 million for fiscal 1989. Revenue totaled $3.5 billion, up 31%. The results include an after-tax gain of about $19.1 million from the disposition of assets. The company said grocery gross margins continued to decline during the fourth quarter as a result of industry pressures and inventory adjustments and that it experienced increases in operating expenses due to higher interest costs and depreciation related to the recent acquisitions of more than 1,000 stores and new store construction.