LOS ANGELES -- Arden Group, parent company of the 18-unit Gelson's Markets chain here, said its stores have been able to retain some of the new shoppers that came to Gelson's during the 141-day labor dispute in Southern California.irst half ended July 3, with the rate of sales continuing to decrease slightly since the end of the second quarter, "although the rate of decrease has slowed substantially."Last
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LOS ANGELES -- Arden Group, parent company of the 18-unit Gelson's Markets chain here, said its stores have been able to retain some of the new shoppers that came to Gelson's during the 141-day labor dispute in Southern California.
irst half ended July 3, with the rate of sales continuing to decrease slightly since the end of the second quarter, "although the rate of decrease has slowed substantially."
Last week, the company reported that sales rose 19.3% to $120.7 million for the 13-week quarter, and 33.5% to $269.1 million for the half. Net income rose 76.1% to $5.8 million, or $1.70 per share, for the quarter and 136.3% to $14.3 million, or $4.23 per share, for the half.
