SALT LAKE CITY -- American Stores Co. here said total sales increased 1.4% to $4.98 billion for the fourth quarter ended Jan. 31 and 2.5% to $19.14 billion for fiscal year 1997. er and 11.5% for the year. Victor L. Lund, chairman and chief executive officer of American Stores, said the company reduced operating expenses in the fourth quarter. "We achieved a slight reduction in expenses as a percent of sales in spite of pressures from many new store openings and strong competition," he ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.