SALT LAKE CITY - American Stores Co. here reported increased sales and earnings for the fourth quarter ended Jan. 29. The company also posted decreased sales and increased earnings for the year. Net income rose 19% for the year and 7.3% for the quarter, while sales fell 1.5% for the year to $18.8 billion and rose 0.4% for the quarter to $4.9 billion. Same-store sales fell 0.4% for the year and 1% for the quarter. Fourth-quarter earnings were impacted by nonrecurring items totaling $11.1 ...
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