NEWS WATCH

Smitty's Supermarkets, Phoenix, plans to lay off nearly all of its 170 administrative employees and close its headquarters by July 31 as part of its merger with Smith's Food & Drug Centers, Salt Lake City. Observers said some of the staff may be retained by Yucaipa Cos., Los Angeles, which controls the 29-unit Smitty's chain. The closure will not affect store-level employees, Smitty's reported. In

Smitty's Supermarkets, Phoenix, plans to lay off nearly all of its 170 administrative employees and close its headquarters by July 31 as part of its merger with Smith's Food & Drug Centers, Salt Lake City. Observers said some of the staff may be retained by Yucaipa Cos., Los Angeles, which controls the 29-unit Smitty's chain. The closure will not affect store-level employees, Smitty's reported. In a letter to employees last Monday, David Green, Smitty's president and chief executive offic

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