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Stater Brothers Markets

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BUSINESS
September 12, 2003 | Melinda Fulmer, Times Staff Writer
Driving through an Albertsons parking lot in San Bernardino, Stater Bros. owner and Chief Executive Jack Brown counted cars and declared victory. One of his grocery stores a couple of blocks away was more crowded that afternoon, as, Brown claimed, it usually is. "They can't touch us," he laughed, wheeling his Cadillac out of the half-empty shopping center.
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BUSINESS
February 12, 2009 | Jerry Hirsch
Limiting price increases hurt earnings at supermarket company Stater Bros. Holdings Inc. The San Bernardino grocery company, the largest independent supermarket chain in Southern California, said earnings fell 68% to $3.5 million in its first quarter ended Dec. 28. Sales rose 2% to $959 million compared with the same period a year earlier. Same-store sales, an important measure of a retailer's health, rose 1.4%. "Our plan is to assist our customers during these very tough economic times," said Jack Brown, chief executive of the 165-store chain, "and the plan is working."
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BUSINESS
April 27, 2000 | E. Scott Reckard
Nibbling tentatively at the online grocery business, Stater Bros. Markets announced a partnership with a home-delivery service that will allow residents in south Orange County to order items from its supermarkets over the Internet. Colton-based Stater Bros. plans to begin the service next month with partner Whyrunout.com, an Aliso Viejo company that also delivers dry-cleaning, processed film and other goods. Stater Bros. will pay Whyrunout.com an undisclosed fee to make the deliveries.
BUSINESS
May 13, 2008
Stater Bros. Holdings Inc., the owner of the San Bernardino-based Stater Bros. Markets supermarket chain, said second-quarter earnings were unchanged at $13.5 million. Sales rose 7% to $925 million compared with the same quarter a year earlier.
BUSINESS
June 23, 1999 | MELINDA FULMER and LESLIE EARNEST, TIMES STAFF WRITERS
Stater Bros. Inc. said Tuesday that it will nearly double its presence in Orange County by acquiring 14 supermarkets as Albertson's Inc. unloads 145 stores in the West to win approval of its $9.8-billion acquisition of American Stores Co. In all, 20 Albertsons, Lucky or Max Grocery stores in Orange County are changing hands. Commerce-based Certified Grocers of California will buy four stores, while Vons Cos. and Ralphs Grocery Co. will get one each. The deal will give Colton-based Stater Bros.
NEWS
January 22, 1989
The Stater Brothers market chain recalled some of its house-brand ice cream because of possible exposure to ammonia from a refrigerant leak during manufacture. Staters spokesman Tom Reingrover said the half-gallon packages affected contain golden vanilla and chocolate ice cream and are marked with the code number 092289. "It's strictly a precautionary thing," he said. "We found very little product affected."
BUSINESS
May 14, 1987
Chief Executive Jack H. Brown said the company's two principal stockholder groups, which own 92.2% of the supermarket chain, want to buy the remaining stock and take the company private. If the deal is approved, he said, the two stockholder groups--La Cadena Investments and Craig Corp.--would each own 50% of the Colton-based company. A three-member committee of directors will meet to determine what a fair price would be for the remaining stock.
BUSINESS
February 6, 2001
* El Segundo-based Infonet Services Inc. reported fiscal third-quarter operating profit of $700,000, or a penny a share, compared with a loss of $24 million, or 5 cents, a year ago. Sales rose 34% to $162 million. * Colton-based supermarket operator Stater Bros. Holdings Inc. reported a 5% decrease in fiscal first-quarter profit, earning $1.8 million for the period ended Dec. 24, compared with $1.9 million a year ago. Sales rose 5% to a record $624.8 million.
BUSINESS
February 8, 2007 | Jerry Hirsch
Profit tripled at the Stater Bros. supermarket chain in the latest quarter, the Colton-based company said Wednesday. Stater Bros. Holdings Inc. said improved profit margins and declining expenses pushed its net income for its fiscal first quarter ended Dec. 24 to $9.9 million from $3.3 million. With 162 stores, Stater Bros. is the largest privately held supermarket chain in Southern California. It discloses its earnings and sales because the company has public bonds. Sales rose 4.
BUSINESS
August 11, 2004 | Dawn Wotapka
Stater Bros. Holdings Inc. reported that it swung to a loss in its third quarter despite a 23% rise in sales. For the quarter ended June 27, the Colton-based supermarket chain posted a loss of $5.8 million, reversing a year-earlier profit of $769,000. Sales rose to $848 million from $688.1 million. The company attributed much of the loss to $25.5 million in pretax interest expenses from retiring some debt outstanding and from redemption of notes from Santee Dairies. -- Dawn Wotapka
BUSINESS
August 9, 2007 | From Times Wire Services
Stater Bros. Holdings Inc. said fiscal third-quarter profit at the Colton-based supermarket chain jumped 174% to $15.6 million from $5.7 million a year earlier. The company posted record sales of $910.2 million, a 3% increase from a year earlier. Same-store sales, or sales at stores open at least a year, grew almost 2% during the period. Stater Bros. has 163 stores in Southern California and is the region's largest independent chain.
BUSINESS
May 9, 2007 | From Times Staff and Wire Reports
Stater Bros. Holdings Inc., the Colton-based grocery store company, said profit in its latest quarter more than doubled to $13.5 million from $6.2 million a year earlier. Sales for the second quarter ended March 25 rose slightly to $866.1 million from $863.8 million a year earlier. Same-store sales rose 1.5% after adjusting for the timing of Christmas, the only day of the year when Stater Bros. supermarkets are closed. Stater operates 162 supermarkets in Southern California.
BUSINESS
February 8, 2007 | Jerry Hirsch
Profit tripled at the Stater Bros. supermarket chain in the latest quarter, the Colton-based company said Wednesday. Stater Bros. Holdings Inc. said improved profit margins and declining expenses pushed its net income for its fiscal first quarter ended Dec. 24 to $9.9 million from $3.3 million. With 162 stores, Stater Bros. is the largest privately held supermarket chain in Southern California. It discloses its earnings and sales because the company has public bonds. Sales rose 4.
BUSINESS
January 19, 2007 | Jerry Hirsch, Times Staff Writer
Members of six union locals that represent more than 13,000 employees of Stater Bros. approved a three-year contract with the grocer, the union said Thursday. The United Food and Commercial Workers plans to use the pact as a model for talks with three larger grocery chains in Southern and Central California that were involved in a 4 1/2 -month strike and lockout three years ago.
BUSINESS
September 5, 2006 | Jerry Hirsch, Times Staff Writer
Jack Brown shakes a customer's hand and plucks a peach from a produce table at a Stater Bros. grocery store in Redlands. He casts an almost loving glance at the chilled fruit and asks a visitor to feel its firm yellow and red skin. "We've invested millions in these refrigerated produce tables," explained the owner and chief executive of Colton-based Stater Bros. Markets, the largest independent supermarket chain in Southern California.
BUSINESS
August 23, 2006 | From a Times Staff Writer
Stater Bros. Markets executive Jim Lee has been named president and chief operating officer of the Colton-based supermarket chain. Lee, 55, is a 34-year veteran of the grocery business who has worked for the Ralphs and Wild Oats chains. He joined Stater Bros. in 2002 and most recently served as executive vice president of retail operations and administration. He will report to Chairman and Chief Executive Jack Brown.
BUSINESS
October 26, 1989 | Mary Ann Galante, Times staff writer
Supermarket ATMs: Five Stater Bros. markets have been chosen to test automated teller machines, including the store on Baker Street in Costa Mesa. The machines, which will be located in well-lit areas in front of the supermarkets, are intended to provide more convenient service for customers, according to the Colton-based chain. "We feel the machines are a step to providing a convenient location for our customers to perform banking transactions," said Jack J. Brown, Stater Bros.'
BUSINESS
August 9, 2006 | Jerry Hirsch
Colton-based grocery chain Stater Bros. Holdings Inc. said net income for its fiscal third quarter declined 22% to $5.7 million compared with $7.3 million in the same period a year earlier. Sales for the quarter rose 5% to $885.9 million from $840.4 million a year earlier. -- Jerry Hirsch
BUSINESS
February 9, 2005 | Melinda Fulmer, Times Staff Writer
Stater Bros. Holdings Inc. said Tuesday that its first-quarter profit tumbled 90% as the company lost much of the business it gained during last year's supermarket strike. Colton-based Stater Bros., which operates 160 Southland stores, reported net income for the quarter ended Dec. 26 of $3.4 million, compared with $34.6 million in 2003. Sales for the first quarter fell 18% to $839.1 million, down from $1.03 billion a year earlier.
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