INDIANAPOLIS -- Marsh Supermarkets here last week said it is looking at additional sites in and around the Chicago area as it prepares to open its first store there in two weeks.
chairman and chief executive officer, said the store, which features a central produce area surrounded by an outer ring of segmented departments, "will set us apart from other supermarkets as we enter the Chicago market."
Marsh also said the company expects to implement cost reductions and other actions to improve profits through the balance of the fiscal year in light of declining earnings in the first quarter that ended June 25. Net income for the 12-week quarter fell 58.3% to $674,000 -- results "that were not up to our expectations," Marsh said.
Sales for the quarter rose 2.5% to $409.8 million, and comparable-store sales, excluding gasoline, rose 0.6%. Sales totals include $30.8 million in revenues from the company's food-service and floral operations and from lottery tickets, video rentals, check-cashing fees and other sources.