SAN BERNARDINO, Calif. — If inflation becomes an issue, Stater Bros. will decide whether to raise prices based on what competitors do, Jack Brown, chairman and chief executive officer, told investors last week.
“It will be a competitive call whether we pass some inflation through or not, but looking at the operating results of the three national companies we compete with [Kroger Co., Safeway and Supervalu/Albertsons], I don't think any of them are ready to reduce their profits.”
Brown made ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.
Click here to read the FAQ page if you have any questions (opens in a new window)
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.