Stater Bros. in Local Price War

Stater Bros. Markets here is holding its own and surviving despite the economic downturn and a price war by its three big-chain competitors, Jack Brown, chairman and chief executive officer, told bondholders during a conference call. Surviving is a victory too, he said, and we didn't have to write down anything an apparent reference to a $1.05 billion write-down Kroger Co. took

SAN BERNARDINO, Calif. — Stater Bros. Markets here is holding its own and surviving despite the economic downturn and a price war by its three big-chain competitors, Jack Brown, chairman and chief executive officer, told bondholders during a conference call.

“Surviving is a victory too,” he said, “and we didn't have to write down anything” — an apparent reference to a $1.05 billion write-down Kroger Co. took on its Ralphs operation in Southern California — although Stater Bros.

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