Unified's Sales, Profit Decline

Unified Grocers here said the slide in the general economy resulted in lower earnings and sales for the fiscal year that ended Oct. 3. Net income declined 15.1% to $14.8 million, while sales fell 1.3% to $4.05 billion, despite an extra week in the year, which added $79 million to the total. Unified said the sales decrease resulted primarily from a shift in customer demand toward lower-cost

LOS ANGELES — Unified Grocers here said the slide in the general economy resulted in lower earnings and sales for the fiscal year that ended Oct. 3.

Net income declined 15.1% to $14.8 million, while sales fell 1.3% to $4.05 billion, despite an extra week in the year, which added $79 million to the total.

Unified said the sales decrease resulted primarily from a shift in customer demand toward lower-cost items and the shift during the year of the former Brown & Cole

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