SPRINGFIELD, N.J. -- Village Super Market, a ShopRite operator based here, said net income fell 87% to $157,000 in the second quarter ended Jan. 22. -quarter income declined slightly as a result of higher expenses, principally promotional costs and an inventory charge, said Perry Sumas, president. Sales at the 24-unit operation rose 0.9% in the 13-week quarter to $176.7 million, from $175.1 million. Same-store sales rose 2.8% in the quarter and 1% through six months. In the six-month ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.