LOS ANGELES — Increased competition and a slowing economy contributed to a sales decline of 2.7% during the second quarter that ended June 28 for Gelson’s Markets, parent company Arden Group here said Wednesday. The upscale chain said that rising costs for food and fuel “may have caused some of our customers to make some or all of their purchases from our competitors,” as sales fell to $116.6 million and same-store sales declined by 2.7%. Gelson’s said net income of $6.6 million, improved by ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.