OTHER NEWS - Nov. 15, 1994
From Times Staff and Wire Reports
Ralphs Reports Earnings Drop: The Los Angeles-based grocery chain said it had net income of $4.3 million in the quarter ended Oct. 9, compared to $7 million in the 1993 third quarter. It said sales at its 170 supermarkets totaled $615.4 million in the latest quarter, or 0.4% less than in the year-ago period. During the ’94 third quarter, the company opened two markets, closed one and completed the remodeling of another. Ralphs’ parent, Ralphs Supermarkets Inc., has agreed to merge with Food 4 Less Inc. Ralphs Supermarkets will become a wholly owned subsidiary of Food 4 Less Holdings.
