Competition Pressures Sales at Arden Group

Arden Group, parent of the 18-unit Gelson's Markets chain, on Friday said in a filing with the Securities and Exchange Commission that competitive pressures impacted the company’s sales in 2007, offset to some degree by inflation.

LOS ANGELES — Arden Group, parent of the 18-unit Gelson's Markets chain here, on Friday said in a filing with the Securities and Exchange Commission that competitive pressures impacted the company’s sales in 2007, offset to some degree by inflation. Net income for the 13-week fourth quarter, which ended Dec. 29, was down about 2.7%, to $7.36 million, on a sales decline of about 1%, to $126.3 million, compared with year-ago results. For the full year, net income rose 25.8%, to $29.2 million, o

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