Merger integration issues hampered financial performances among the major supermarket players during the second half of 1999, industry analysts told SN. Although the numbers were generally positive, the analysts said synergies are developing more slowly than anticipated, causing lower than expected financial results. Among the 10 largest chains with public equity or debt, financial performance in the second half of 1999 was weaker than it was in late 1998, with sales up 12.3% in last ...
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