WEST SACRAMENTO, Calif. -- Michael J. Teel, grandson of the founder of Raley's here and son of the chain's co-chairpersons, has been named president of the family-owned company. which account for sales of just under $2 billion, he said. The chain also plans to test a more perishables-oriented format at its Bel Air Markets in Sacramento to try to differentiate them more from Raley's, and to continue to evaluate its Food Source warehouse stores, Teel added. Teel, 45, is the grandson of Thomas ...

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