BOULDER, Colo. -- Wild Oats Markets here last week said competition in certain areas is cutting into its profits. It expects to report a loss for the recently ended third quarter. The company said gross margins in the period were 27.5% of sales, down from 29.1% of sales in the second quarter. Aggressive pricing and promotions in some markets -- primarily in Southern California and Texas -- combined with the costs of opening new stores have reduced profitability, the company said. Analysts ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.