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.
June 28, 2009 |
A new marketing study says you're not very brand loyal. Less than half of consumers who made 70% or more of their category purchases with a single brand in 2007 maintained a similar level of loyalty in 2008, according to the survey of 32 million consumers. The study also found that a third of those customers stopped buying their once-favored brands. Consumers have a lot of choices: 30,000 products are introduced at grocery stores each year, says Todd Morris, a senior vice president at Catalina Marketing, which conducted the study with the Chief Marketing Officer Council.
December 8, 1991
Your series "Abandoned Consumers: Flight of Business From South Los Angeles" (Nov. 24-26) was excellent and raised a compelling question. Why aren't these banks, retail, drug and grocery chains willing to use the expertise of African-American marketing professionals? Someone with successful ethnic marketing experience understands that the African-American community is not one monolithic group. It has subtle yet distinctive differences, a diversity that is reflected throughout its purchasing patterns.
October 21, 1996 |
Sometimes technology seems to take us back in time while taking us forward. Consider Shoppers Express, a new service that allows people to do their grocery shopping over the Internet and have the goods delivered to their homes. The company is based in Maryland but has formed a partnership with Pavilions Supermarkets in Orange and Los Angeles counties. The service costs $11.95 per delivery. Shoppers start at the company's Web site, at http://www.shoppinglink.
CALIFORNIA | LOCAL
June 24, 1989 |
Templo Calvario, one of the largest Latino churches in the United States, will celebrate the grand opening of its new co-op food program today at 9:30 a.m. at Food Plus, 2601 W. 5th Street, Santa Ana. Christian Broadcasting Network President Pat Robertson is scheduled to appear at the grand opening. World Vision U.S. Ministry representative Luis Madrigal will also be there. The Food Plus co-op offers at least a 50% discount over retail prices to its members. Its goal is to provide 58,000 grocery units to households with an annual income below $12,000 by the end of 1989.
July 3, 2012
Re " Thousands rally against Wal-Mart in Chinatown ," July 1 Apparently unions must dislike senior citizens on fixed incomes and mid- to low-income families -- because they are always protesting against affordable grocery shopping. I take my elderly parents to Wal-Mart on a weekly basis, and they are so thankful for the store given that they are on a fixed income. At Wal-Mart, I see many senior citizens and large families representing many ethnic and socioeconomic groups.
October 22, 2005 |
Albertsons Inc. has received a preliminary takeover bid from larger grocery store rival Kroger Co., while its drugstore unit has attracted bids from three pharmacy chains, sources familiar with the situation told Reuters on Friday. Albertsons put itself up for sale in September after struggling against competition from discounters such as Wal-Mart Stores Inc.
February 20, 2000
According to Marv Gonslor, higher oil company profit at Arco equates to gouging ["Where's Payoff for Arco Customers?" Letters, Feb. 6]. I assume this means his pump price is exorbitant. Let's apply a little math to the discussion. If the average motorist consumes 1,000 gallons of gasoline per annum, a change of 1 cent per gallon equals a $10 increase in his annual driving costs. A 5-cents-a-gallon increase equals a $50 annual increase. I am sure his annual grocery bill sees far greater increases without a whimper.