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BUSINESS
May 13, 2000 | MELINDA FULMER, TIMES STAFF WRITER
At first blush, Vons Cos.' decision this week to close its 6-year-old Compton store--the first major supermarket to return to that city since the 1992 riots--appears to illustrate how tough it is for huge grocery chains to succeed in diverse inner-city communities. The company insisted that despite its best efforts at reworking the store, it just couldn't turn a profit. However, just down the road, one of Vons' biggest rivals, Ralphs Supermarkets, operates a profitable store.
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BUSINESS
May 13, 2000 | MELINDA FULMER, TIMES STAFF WRITER
At first blush, Vons Cos.' decision this week to close its 6-year-old Compton store--the first major supermarket to return to that city since the 1992 riots--appears to illustrate how tough it is for huge grocery chains to succeed in diverse inner-city communities. The company insisted that despite its best efforts at reworking the store, it just couldn't turn a profit. However, just down the road, one of Vons' biggest rivals, Ralphs Supermarkets, operates a profitable store.
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BUSINESS
November 30, 1993 | Greg Johnson / Times Staff Writer
2 Vons Stores Closing: Supermarket chain Vons Inc. is closing two stores in Orange County in connection with its restructuring. The Vons store at 8351 La Palma Ave. in Buena Park closed Wednesday. A sister store at 230 North Harbor Blvd. in Santa Ana will close Dec. 24. The closings are part of a companywide attempt to improve profitability by closing "under-performing stores," said Vons spokeswoman Julie Reynolds.
NEWS
January 2, 1987 | Associated Press
Allied Supermarkets Inc. and Vons Cos. Inc. said today they agreed to merge the companies and sell Allied's holdings in Michigan in transactions valued at more than $700 million. The combined companies will be headquartered in El Monte, Calif., Allied and Vons said.
REAL ESTATE
October 4, 1987
Vons Cos. Inc. has leased its 40,000-square-foot market at 19651 Yorba Linda Blvd., Yorba Linda, to Chick's Sporting Goods Inc., Covina, for $6.4 million. Following its acquisition of the Pantry chain, Vons moved its operation to a former Pantry market at 20445 Yorba Linda Blvd. Daum/Johnstown American represented Vons.
BUSINESS
February 1, 1991 | John O'Dell Times staff writer
Vons Is In First: Vons Cos. Inc. has become the first big retailer to buy into Santa Margarita Co.'s new town of Rancho Santa Margarita, acquiring 4.5 acres for a supermarket in the center of the planned community. The price was not disclosed. The parcel is part of a planned 15-acre shopping center called Plaza Antonio, a joint venture between the big landowner and the Koll Co. in Newport Beach.
BUSINESS
June 27, 1996
ETM Entertainment Network, which sold Pearl Jam tickets by telephone last year when the rock act boycotted Ticketmaster, thinks grocery shoppers may be ready to bag some tickets at the market. ETM said Wednesday that it will place interactive electronic kiosks in some of Vons Cos. Inc.'s supermarkets this summer to test the concept. Kiosks would be placed in select Vons and Pavilions stores in Orange and Los Angeles counties under the agreement.
BUSINESS
March 1, 1996
An initial offering of common shares of PIA Merchandising Services Inc. was priced Thursday at $14 each through underwriters led by PaineWebber Inc. The company, which checks products and displays in stores, had expected the 2.3 million shares to be offered in the $13-to-$15 range. Trading is scheduled to begin today on the Nasdaq market. Proceeds from the $32-million offering are expected to be used to repay debt, to finance investment and for working capital.
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