SALT LAKE CITY — Associated Food Stores here said it had a net loss of $6.5 million for the fiscal year that ended March 26, though sales were up approximately 10% to an estimated $2.15 billion and patronage dividends for the member-owned cooperative rose 4%. Rich Parkinson, president and chief executive officer, said the loss was due primarily to the acquisition in late 2009 of 34 stores from Albertsons, with $2.2 million of the loss coming from the closure of five of those stores plus two ...
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.