SAN BERNARDINO, Calif. — Stater Bros. Markets has a 74-year heritage of providing value and service to customers, and it is striving to maintain that heritage in these tough economic times, Jack H. Brown, chairman and chief executive officer, told bondholders last week. Discussing the chain's financial results for the fiscal third quarter, which ended June 27, Brown said the chain is letting gross profit margins fall to keep a lid on prices while keeping service levels high. “But our ...
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