Many leading supermarket chains achieved good results during the second half, particularly companies that had already been showing upward momentum. A survey of the top 20 supermarket chains with publicly traded equity or debt showed that sales increased an average of 6%, same-store sales for the fourth quarter rose an average of 1.7%, and operating income climbed an average of 6.7%%. These positive results were driven by factors including store upgrades, concentrated cost-cutting efforts ...
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