OTHER NEWS - Jan. 21, 1994
From Times Staff and Wire Reports
Price/Costco to Shut Four Stores: Closing Jan. 30 are a Costco store in Riverside and Price Club stores in Bakersfield; Richmond, Calif., and New Britain, Conn. As many as 350 employees may be affected, said Richard Galanti, Price/Costco’s chief financial officer. The stores were targeted for closure because they are in markets that overlap with other stores as a result of last year’s $2.3-billion merger of Kirkland, Wash.-based Costco Wholesale Corp. and San Diego-based Price Inc. No further closures are planned, Galanti said.
