NEW YORK -- After two years of operating in a difficult environment, major supermarket chains began to turn the corner toward improved sales and earnings in the latter half of fiscal 1993, especially the fourth quarter. Sales, while still sluggish, increased at half of the major chains in the second half. On a comparable basis, seven of the 10 largest companies reported sales gains in the third and fourth quarters, compared with the same period of 1992, according to an SN analysis of ...
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