MOBILE, Ala. -- Delchamps here said its continued pursuit of greater market share contributed to improved sales, same-store sales and earnings in the third quarter ended April 2.
man, president and chief executive officer, said the retailer is attempting to build market share through consistent sales and marketing activity, promotional markdowns and store and service upgrades.
Gross margins fell 45 basis points in the quarter to 25.55% of sales. Selling, general and administrative expenses declined 10 basis points to 23.13% of sales, Delchamps reported.
In the 39-week period, Delchamps said earnings before the effect of accounting changes for income taxes decreased 8% to $9.3 million. The accounting change resulted in a $900,000 credit in the 39-week period.
