ARLINGTON, Va. — Independent retailers saw overall pre-tax profits decline 20 basis points over the past year due to reduced gross margins, according to the 2010 Independent Grocers Survey, a joint study by the National Grocers Association here and FMS Solutions, Baltimore. According to the study, average net profits before taxes fell to 1.68% this year, compared with 1.88% among 2009 respondents — “a solid showing, considering the economic environment,” Robert Graybill, FMS president, ...

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