Stater Sees Almost No Impact From Tesco's First Stores

Although it already competes with 20 Fresh & Easy locations, Stater Bros. Holdings has felt minimal impact from its new competitor, according to Jack Brown, Stater's chairman and chief executive officer. We have felt almost no impact maybe $1,000 a week, and that's giving them the benefit of the doubt, Brown said in a conference call reviewing annual earnings. Brown said

SAN BERNARDINO, Calif. — Although it already competes with 20 Fresh & Easy locations, Stater Bros. Holdings here has felt minimal impact from its new competitor, according to Jack Brown, Stater's chairman and chief executive officer.

“We have felt almost no impact — maybe $1,000 a week, and that's giving them the benefit of the doubt,” Brown said in a conference call reviewing annual earnings. Brown said his observations of Fresh & Easy indicated the Tesco-owned chain w

Register to view the full article

Already a member? .

TAGS: Center Store