LOS ANGELES — Unified Grocers here said the slide in the general economy resulted in lower earnings and sales for the fiscal year that ended Oct. 3. Net income declined 15.1% to $14.8 million, while sales fell 1.3% to $4.05 billion, despite an extra week in the year, which added $79 million to the total. Unified said the sales decrease resulted primarily from a shift in customer demand toward lower-cost items and the shift during the year of the former Brown & Cole chain in the Seattle ...
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.