SAN BERNARDINO, Calif. — Stater Bros. Market here has been stockpiling commodities whose prices are likely to rise, chain officials said last week during a conference call with analysts.
Phil Smith, executive vice president and chief financial officer, said approximately 12% of Stater's warehouse inventory represents forward buys the chain made in advance of escalating prices on coffee, cereal and other items.
“We took advantage of forward buys as much as we could,” Jack Brown, chairman ...
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.
Already registered? Log In