News

Ralphs Expected to Plead Guilty

BY CSA STAFF

Los Angeles, The Ralphs supermarket chain said it intends to plead guilty to charges that it illegally hired hundreds of workers under fake names during a 2003 grocery strike and lockout in Southern California. In a filing with the Securities and Exchange Commission, Ralphs Grocery Co. owner Kroger Co. said the chain “expects to enter into an agreement that will include a plea of guilty to some of the charges” in a 53-count indictment returned by a federal grand jury in December.

A company attorney previously pleaded not guilty to all the charges in January and a trial date was set for Aug. 15. But Ralphs said in Thursday’s SEC filing that the expected agreement, if approved, would resolve the criminal charges against the chain and end its case at the National Labor Relations Board.

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REAL ESTATE

American Eagle Set to Finalize Purchase of New Corporate Office

BY CSA STAFF

Pittsburgh, Pa., American Eagle Outfitters Inc.’s purchase of an office building at SouthSide Works in Pittsburgh, Pa., for its new corporate headquarters is set to be finalized Wednesday, according to a report by Pittsburgh Business Times. The deal would include the 186,000-sq.-ft. Quantum II office building as well as a neighboring parcel along the Monongahela River. American Eagle previously said it expects to employ 800 people at the SouthSide Works facilities. The move probably won’t happen until late 2007 at the earliest.

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FINANCE

World Cup Boosts Adidas Sales

BY CSA STAFF

Berlin, Germany, Adidas said the sale of soccer products would exceed 1.2 billion euros, or $1.5 billion this year, lifted by booming sales of replica jerseys at the World Cup in Germany. Adidas, whose soccer gear is worn by World Cup favorite Argentina, said a record 3 million-plus replica jerseys had been sold, including 1.5 million jerseys for host team Germany. At the 2002 World Cup, the firm sold 1.5 million replica jerseys.

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