SPRINGFIELD, N.J. — Quarterly net income for Village Super Market here fell by 29%, the retailer said Wednesday, citing low same-store sales growth, tightening margins, product price deflation and increased internal expenses.
Village, which operates 26 stores under the ShopRite banner in New Jersey and Pennsylvania, said its 0.6% increase in same-store sales for the fiscal first quarter, which ended Oct. 24, was impacted by deflation and changing consumer behavior due to economic weakness, ...
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