Show - - i E I The Salt Lake Tribune '4'4r:ylr Rsy":IDAY in Busmess r:i rd Price Savers' 4th Utah Store To Open in Murray Aug 4 J Price Savers Wholesale Warehouse Inc plans to open its fourth Utah membership warehouse location Aug 4 The new warehouse a 135000- square-foo- t facility that will employ more than 200 full- - and part-tim- e employees is located at 6525 S State St in Murray Price Savers headquartered in Salt Lake City caters to business owners and operators who pay a yearly membership fee which allows them to shop for their business needs at wholesale prices In addition free memberships are available for affiliated credit union members local government federal vi 4ril - 144tt - i II i 11 3f' 0 ti state and military employees and retirees Those members shop at 5 percent above the posted wholesale prices but they may also opt to eliminate the 5 percent by purchasing a "Pluscard" which is renewed annually The new Murray warehouse which is 35000 square feet larger than any previous Price Savers warehouse will offer several new services to members the company said In addition to offering more than 140 product categories it will also e offer a fresh daily bakery one hour film developing and an optical service department :':' 1 e4 4 4- 1 ' - 0- - ' -- 4--' mi r40- Pi' 7 ' vir - alr - :' A 1L'a t 11 g I V' I ' June The relocation to East Ridge Court at 124 S 400 East will provide for anticipated growth in The First Gift a sister company launched by Art House principals Rebecca and Sam Guevara in 1989 The First Gift markets a Christmas item modeled after the biblical gifts of gold frankincense and myrrh Bonneville Pacific Cites Annual Earnings Bonneville Pacific Corp an independent power producer based in Salt Lake City has announced its earnings for the fiscal year ended April 30 1990 The company said its revenues for the year totaled $81244000 which resulted in net income of 0026000 or 39 cents per share Total revenues for the previous year were $42897000 which resulted in net income of $10010000 or 79 cents per share Bonneville Chairman Robert L Wood noted that "this year's earnings level while less than last year's record year is reflective of management's aggressive actions to accelerate attainment of our long-tergoals of predictable recurring revenue and earnings" He said Bonneville is positioning itself to benefit from future anticipated shortages in electric generating capacity Bonneville whose stock is listed on the NASDAQ system has developed some 29 electric generating projects including a 285 megawatt facility in Watsonville Calif which was placed in commercial operation in early June Olympus Hotel Joining Best Western c Hotel now opThe former erating as the Olympus Hotel Conference Center has joined Best Western International Inc one of the world's largest lodging chains As part of the international association the newly renovated and redesigned Best Western Olympus will resbenefit from the chain's toll-fre- e ervation system as well as advertisIng marketing purchasing training and interior design services The nearly $3 million guest-rooTr-Ar- : V 14 renovation and remodeling was recently completed following nearly a year of work Ron Joines managing director of the hotel said that with the recent project involving 248 rooms all of the facility's 394 guest rooms have been redone in the past three year Public areas that will be renovated in the next few months include the lobby and entrance the swimming pool and the first floor offices Mr Jones said Forest Products Society Plans Convention 14 Vs li The Forest Products Research Society will hold its 44th Annual Meetat the Red Lion Hotel ing June 24-2- 7 in Salt Lake City "Forest Industry Management's Response to Global Change in the 1990's" will be the theme of the general session which will be held on the morning of June 25 General session speakers include Ronald Neil vice president Wood 16 Va Vs 38 Products Group Fletcher Challenge Canada David Ford vice president public timber of the National Forest Products Association and WM Hubbard executive director of the Solar Energy Research Institute During the week wood scientists technologists and other experts will present discussions on the latest advances in wood products research and development Veteran Chef Launching Japanese Restaurant Veteran chef Jiro Yamamoto has launched a new restaurant in the Park Center at 6933 S 1300 East in Salt Lake City The Suehiro Japanese Restaurant will specialize in Japanese cuisine Mr Yamamoto a certified Japanese chef moved to Utah in 1973 to become head chef and manager of The 47 Samurai in Trolley Square a post he held for almost 10 years He later went on to hold positions at Vicious Rumours Kyoto Restaurant and Sa eth can lost gano Restaurant before opening his Yamamoto Japanese Restaurant at 150 Social Hall Ave in December 1987 Mr Yamamoto sold that restau- rant early last year in order to concentrate his efforts on the design and planning of a larger location the end result of which is his new Suehiro Japanese Restaurant Site selection for Suehiro was conducted through Stuart Thain of Consolidated Realty Group Daw Technologies Picks President Susan Mooney president of D Pleasant Grove-base- d Savage Manufacturing Corp has been named president and chief operd ating officer of Salt Lake Daw Technologies Inc Ronald W Daw who has been the president and chief executive officer of Daw Technologies will be chief executive officer and board chairman Daw Technologies designs manufactures and installs clean City-base- ler ! manufacturing environments more commonly known as "clean-rooms- " They are used in the semiconductor biotech optics and pharmaceutical industries The company has completed cleanroom projects in 14 states and in five foreign countries Ms Mooney who earned a bachelor's of science degree in industrial engineering from California Polytechnic State University at San Luis Obispo worked for Savage Manufacturing for five years She became president in 1987 Savage Manufacturing is a wholly owned subsidiary of Mack Trucks Inc er- - - Firms Agree to Build Iron County Plant will ing ! American & Pacific Corp has reached a preliminary agreement with Dynamit Nobel to build a $20 million sodium azide plant in Iron County company officials said Monday The chemical is the main ingredient in gas generators for automotive air bag systems American Pacific plans to build the new plant near its ammonium perchlorate facility located in Cedar City company officials said in a press release Ege- - ore can t age ex Live we The preliminary agreement with the West German firm is subject to final negotiations and to American Pacific's ability to secure financing for the proposed plant American Pacific's principle business is manufacturing ammonium perchlorate the oxidizer used in composite solid rocket propellants used in a number of space 9nd military systems The firm built the plant near Cedar City last year after its Nevada facility was leveled in a massive explosion Amsco Windows Planning Open House iith uld les een or t I I 1 - 1 Amsco Windows 1880 S 1045 West Intermountain wholesale manufacturer and distributor of aluminum and vinyl window products will have an open house Wednesday though Friday 1 In the past year the firm has installed equipment for the custom manufacture of winstate-of-the-a- dows The firm which employs 100 had sales of $10 million in 1989 t :t eI 411 " ' - r A : 0 t1 4 P t: I 5:!d 1 1 i I Special to The Tribune PORTLAND — Fred Meyer Inc which operates 13 stores in Utah reported a 133 percent sales increase and a 71 percent rise in earnings for the first quarter of 1990 ended May THRU 1 26 The -- ' ii A l logiI ilki3O if i A t ' - I: le kTitl‘E'5 if 41 I Ft4 "a 1 1- - - ot 1 (i i ”' Ili ' - f io!PrAtffIg 'A 4'5 p 14 t 6 II p"-- ': - :' -' - f '' i- 1 '"r"I'le-3100 t L Se F'Z'S (To ! r At 4 pagessoseseseasesissj t ' ‘ r -' r4 ''''' ' - -"- 2' o 0 ' Ile said the 145 percent increase to $15 million compared to $131 million the first quarter of last year reflects stronger sales and gross margins in both food and operations He said that was partially offset by higher store labor costs and costs associated with the grand opening of the company's new Chico store That is Fred Meyer's first multidepartment store in California For the first quarter net earnings per share amounted to 25 cents based on 24536000 shares outstanding compared with 23 cents for the prior year's quarter based on 24818000 shares outstanding Fred Meyer operates 120 stores in seven states The 13 stores the company operates in Utah between Logan and Orem do not include the four stores it recently closed in the state Rob Bo ley director of public relations for Fred Meyer told The Tribune two of the stores closed were in Salt Lake City and in Brigham City and Spanish Fork lie said the company has been fortunate in being able to reassign many of the employees of those stores at its remaining Utah operations "While there were different circumstances in each of the stores the bottom line was all lacked profitability" said Mr Boley "Basically we looked at the stores to determine if they were profitable and if it appeared the return on investment was not there to justify improving the store we couldn't justify keeping them open" Mr Boley said the store closures are not harbingers of company-wid- e downsizing "Quite the opposite this closing was done as part of a growth program" he emphasized "We felt it was more important to redirect resources from unprofitable stores to areas where there were greater prospect of growth" For example Mr Boley said it made no sense to proceed with the company-wid- e expansion program calling in part for a change in the "computer architecture" from a Honeywell mainframe to a dispersed IBM minicomputer system in unprofitable stores This change he said will affect the entire computer needs of the store from cash registers to the temperature controls Mr Boley said the expansion effort started with an "employee empowerment" effort with the creation of education programs for employees at the Fred Meyer Institute based in Portland The institute operates branches including one in Salt Lake City The last major component of the company's expansion program is the complete redesigning of Fred Meyer's store prototype said Mr Boley The prototype will include capabilities necessitating a larger store Mr Boley pointed to Fred Meyer's newest store in Chico Calif measuring 188000 square feet He added "Most stores in Utah measure around 100000 square feet" Ag- - in income from operations : : non-foo- V01' lakagaszsassmailopuesessiseeverzsge 4!'4:01imera6mmalmul:t:S:to —Assocrared Press Laserpholo shopper remains in her car at the grocery shop in Drive-ThrExpress Store in Pasa- - A u Calif A shopper can order some 1400 items offered at regular shelf prices dena Express Store Attempting To Compete With Convenience Stores Drive-Thr- u By E Scott Reckard AP Business Writer PASADENA Calif — On Colorado Boulevard where the little old lady from Pasadena terrorized other drivers motorists no longer have to leave their cars to grocery shop window for They can cruise instead to a drive-uthe eggs detergent or some of the other 1400 grocery items fast food or household goods at the Drive-ThrExpress Store opened by the supermarket chain Vons p u Cos The window isn't just another California trend It's more an example of how supermarkets are red teardrop tomatoes Three Vons stores have convenience stores built into the supermarket and more of them are planned according to spokeswoman Mary M McAboy It's one of those Express Stores that has been exwindow experiment Ms panded with the dri-e-- up McAboy said windows likely will be tried at other locations although no final decision has been made Hawkins the vice president of sales said that when the opened in March Tons officials estimated conservatively that 100 drivers per day would drive-throug- h car-craz- y trying to compete with convenience stores restaurants and vast "hypermarkets" fast-foo- d "We think that somebody who's tired today can swing by the store and pick up dinner for tonight they can pick up their detergent to do the laundry and even pick up a fresh fruit tray for their breakfast tomorrow" said Phil Hawkins Vons' vice president of sales "And it's all at a good price" Similar setups have been tested at convenience stores in such cities as Edgeworth Pa and Springville Utah "There's even a newsstand in Lancaster Pennsylvania" said Sheri Aguirre a spokeswoman for the National Association of Convenience Stores Markets across the country now include everything from post offices to bank branches to cafes Vons Southern California's largest retail supermarket chain with 328 stores is a regional leader in such experiments In its Hispanic-angleTianguis markets for example mariachis play on weekends and shoppers can tortillas cactus purchase pigs' heads hand-rolleand Mexican sweetbreads At its upscale Pavilions stores you can buy a $50 bottle of Opus the Napa Valley red wine produced in collaboration by California's Robert Mondavi and 'Bordeaux's late Baron Philippe de Rothschild or some fresh sushi chocolate amaretto mousse or tiny drive-throug- h d d company d kets" Nib t::1 Portland-base- earned $61 million on sales of $7027 million That compares to earnings of of $57 million on sales of $6201 million the same time last year Comparable store sales increased 72 percent over the first quarter last year Frederick M Stevens chairman and chief executive officer observed "Our strong sales give us confidence that many of the new programs we've started over the past two years as a result of our strategic planning process will continue to provide long-terbenefits and help us face the new competitors in our mar- - on-sit- Rebecca Guevara indicated sales of The First Gift last year far exceeded expectations and the company projects substantial growth again in 1990 The specialty gift is currently distributed to retailers nationwide Art House was founded in 1976 and conducts the majority of its business in Utah Both companies will be relocating from 1061 E 900 South Lease negotiations for the new location were handled by Gary Jones of Consolidated Realty Group 4J7t4- - ' 4 Art House to Relocate at End of Month Art House a Salt Lake firm that offers camera-read- y artwork and graphics is planning to relocate to large facilities toward the end of fi '41 4a r t v AT44- 4 - : :i6"::::''' ci-f- )§ r- - - - i A 12i:-- ti442aF '- 1 'Aptt ' I I rf : - '''''' ' 1 - : ' 4 4 '!"1 t s- 4- wag- "It's not that busy during the day" says a drive-u- p store employee "There's a lot more at night when the moms line up for milk — things like that" use it The number as of May was about 200 per day mostly at mealtimes Express Store items range from corn flakes cat food and condoms to specialty pizzas — the Santa Fe version is topped with blue corn tortillas and peppers and bean sprouts and ginger top the Chicken Oriental type On one recent morning there was no waiting in line at the unostentatious window It took 55 seconds for a clerk's voice to come over the speaker then 95 seconds to fill the simple order: some antifreeze motor oil and mints The store was out of one item a Barron's weekly business newspaper "It's not that busy during the day" said Mieko Becker an employee "There's a lot more at night when the moms line up for milk things like that" No alcoholic beverages are sold through the window and for now there's no fresh meat or produce available "We think people want to touch smell and look at the fresh products" Hawkins says Continuing Rumors of Links to Fiat Push Chrysler's Stock Up Again d food-sellin- By Frederick Standish AP Auto Writer DETROIT — Chrysler Corp stock rose again Tuesday as speculation continued about talks over a possible major link between the struggling automaker and Italy's Fiat SpA Neither company would confirm details of the talks which various reports indicated could range from coveoperation on a small sport-utilit- y hicle to Fiat acquiring a minority stake in Chrysler Chrysler finished up $11212 at $166212 a share Tuesday on the New York Stock Exchange The stock rose 3712 cents a share on Monday despite a sharp decline in the broad stock market Chrysler spokesman Tom Houston said he knew of no reason for the increase "People are buying on speculation" he said The company's stock has been depressed as its financial condition and earnings have worsened The third-largeUS automaker has seen its market share erode due to heavy domestic and foreign competition and a weak US auto market Chrysler also is weathering upper-leve- l management turmoil with Vice Chairman Gerald Greenwald — the heir apparent to Chairman Lee Iacocca and several other top executives departing in recent weeks or announcing plans to leave A major combination with Fiat is seen as giving Chrysler access to fresh capital as well as further distribution and marketing opportunities in Europe That market is expected to grow strongly after internal trade barriers in the European Community are eliminated in 1992 and as economies continue liberalizing in the former Eastern Bloc Chrysler confirmed it is in discussions with Fiat The Italian automaker declined to comment on the rumors although one official at the company's Turin headquarters called the reports "purely journalistic hypotheses" The companies already have a D9 Fred Meyer Reports Sales Jump rz-- v likz7- 2- A Wednesday June 20 1990 number of relationships including some component deals and an agreement under which Chrysler markets Alfa Romeo cars in North America Some analysts questioned what Fiat would gain from linking itself with Chrysler — a company facing severe financial pressure and no car arriving until 1992 "I could see an equity investment but under a traditional definition of a merger I just can't see it" analyst John Kirnan of Kidder Peabody & Co in New York all-ne- Federated Allied Report Losses Of $995 Million CINCINNATI (AP) — Federated Department Stores Inc and Allied Stores Corp lost $995 million during the quarter ending May 5 but the loss was less than expected the retailers said Tuesday "Federated and Allied's first quarter results were surprising only in that they exceeded our expectations for how the business would perform in the period immediately following the Chapter 11 filings" said chairman Allen Questrom "The companies' strengthening performance during the quarter indicates that we clearly are moving in the right direction" Questrom said Federated lost $576 million on sales of $101 billion in the quarter compared with a loss of $622 million on sales of $102 billion during the comparable period a year ago the company said Allied lost $419 million on sales of $5814 million compared with a loss of $403 million on sales of $5725 million during the same quarter last year Federated's chains include Abraham and Straus and Bloomingdale's of New York Burdine's of Miami Lazarus of Cincinnati Rich's of Atlanta and Goldsmith's of Memphis Allied's chains include The 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