RETAILING

Vons Earnings Drop: The Arcadia-based company announced a year-end net income of $26.6 million, compared to $31.6 million the previous year. The results include restructuring charges of $33 million and $56.9 million in 1994 and 1993, respectively. The decline in income before one-time charges in 1994 reflects the impact of Vons Cos.’ repositioning program that began in late 1993 and includes the closure of under-performing facilities, including 27 stores, and the elimination of about 700 administrative and support positions. Vons is the largest supermarket operator in Southern California, with 334 stores under the Vons and Pavilions names.