SPRINGDALE, Ark. -- Harp's Food Stores here has nearly doubled its sales with the acquisition of 10 Food 4 Less stores from Phillips Cos., a Wal-Mart subsidiary. According to Roger Collins, executive vice president and chief financial officer, Harp's 28 pre-acquisition stores accounted for sales of about $210 million; the 10 former Food 4 Less units will add another $170 million to the top line, he said. Collins said Harp's completed the acquisition in June and began converting the 10 ...
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