LOS ANGELES â€” Arden Group here, parent of the 18-unit Gelson's chain, said second-quarter sales were negatively impacted by the earlier Easter and Passover holidays this year, as well as economic conditions and competition. Net income for the 13-week second quarter, which ended July 3, was down 16.6%, to $4 million, as sales slid 5.5%, to $102 million, compared with year-ago levels. Same-store sales also slid 5.5%. Operating income was down 14.5% for the period, to $6.7 million. The ...
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