December 21, 2004 |
Three big grocery-store chains reached a tentative union contract with 8,900 employees in Northern California, averting a work stoppage. The peaceful climax to contract talks -- a contrast to the stalemate that kept more than 50,000 grocery workers off their jobs in Southern and Central California for 4 1/2 months starting late last year -- could provide a blueprint for ending negotiations that are continuing between stores and about 30,000 union members in the San Francisco area.
December 15, 2004 |
Nearly 10 months after the end of the bitter Southern California grocery strike and lockout, the three companies and the union that waged the longest labor standoff in U.S. supermarket history are still in turmoil. Profits at Albertsons Inc., Safeway Inc.'s Vons and Pavilions stores and Kroger Co.'s Ralphs are being pinched by the price cuts they've made to woo shoppers alienated by the 4 1/2 -month dispute.
December 8, 2004 |
Kroger Co., the nation's largest grocer, said its third-quarter profit jumped 29%, but the results fell short of analysts' expectations as it continued to trim prices to compete with discounters and grocery rivals. Cincinnati-based Kroger, which operates Ralphs and Food 4 Less stores in Southern California, said it earned $142.7 million, or 19 cents a share, for the quarter ended Nov. 6, up from $110.2 million, or 15 cents, a year earlier.
October 14, 2004 |
Kroger Co., still feeling the effects of a lengthy labor dispute in California, faces a possible walkout as 8,500 supermarket employees in three other states began voting on a contract offer that the union recommends they reject. Union leaders also asked members for a strike authorization. The contract, which expires at 7 p.m.
September 25, 2004 |
Kroger Co.'s Food 4 Less said Friday that it had reached a tentative labor agreement with the union representing 5,700 workers at 101 Southern and Central California stores. The agreement would affect employees represented by United Food and Commercial Workers Locals 135, 324, 770, 1036, 1167, 1428 and 1442 who work in stores serving Los Angeles, Kern, Imperial, Orange, Riverside, San Bernardino, San Diego, Santa Barbara and Ventura counties, the company said.
September 15, 2004 |
Kroger Co., the nation's largest grocery chain, posted a 25% drop in second-quarter profit and warned that it might not meet its yearly sales target as it struggled to regain business lost during Southern California's grocery strike. The Cincinnati-based chain's earnings performance fell short of analysts' expectations, sending the company's shares down 4.3% for the day, closing at $15.98, off 72 cents, on the New York Stock Exchange. Kroger's shares have fallen 14% this year.
June 23, 2004 |
Kroger Co., citing the final effect of the 4 1/2-month California labor dispute on its Ralphs grocery chain, Tuesday said its fiscal first-quarter profit tumbled 25% from a year earlier. The dispute erased $71.6 million of Kroger's net income -- equal to 10 cents a share -- in the 16-week quarter ended May 22, Kroger said. That was the main reason the Cincinnati-based company's overall profit fell to $262.8 million, or 35 cents a share, from $351.5 million, or 46 cents a share, a year earlier.
June 19, 2004 |
Federal prosecutors in Los Angeles have convened a grand jury to investigate whether managers at some Ralphs grocery stores violated federal criminal laws during the five-month Southern California grocery strike, the chain's parent company said. Kroger Co. said in a regulatory filing that it was cooperating with authorities.
April 20, 2004 |
The owner of the Ralphs grocery chain has set aside $116 million to compensate two rivals under a controversial mutual-aid pact the trio devised in anticipation of the California supermarket strike and lockout, regulatory filings show. Kroger Co.'s payout to Safeway Inc. and Albertsons Inc. will probably be between $72 million and $75 million after taxes, analyst Andrew Wolf of BB&T Capital Markets said Monday.
March 18, 2004 |
Kroger Co. said Wednesday that it would close 15 underperforming Ralphs supermarkets in Southern California in the next two months as it girded for competition with Wal-Mart Stores Inc. Kroger said it would try to transfer the 600 employees to other Ralphs markets and that layoffs were unlikely. The company said the closings were unrelated to the 4 1/2-month supermarket strike and lockout that recently was settled.