PORTLAND, Ore. -- United Grocers here reassured its stockholders that a $1.2 million drop in net income in 1996 was part of an investment in the future. previous year. At the annual stockholders' meeting, Alan Jones, United Grocers president and chief executive officer, attributed the decrease in net income to the $21 million purchase of Market Wholesale Grocery, the former wholesale business of Bay Area Foods, San Rafael, Calif. He also said United Grocers made unprecedented investments ...
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 a complimentary copy of SN's salary survey sent to you by email.
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.