SPRINGFIELD, N.J. — Village Super Market here said yesterday that its customers appear to be trading down because of economic pressures, restraining same-store sales growth at the 25-unit ShopRite operator. In the third quarter, which ended April 26, Village said net income rose by about 0.5%, to $4.9 million, on a sales increase of 7.1%, to $273.4 million, vs. year-ago levels. Same-store sales were up 0.4%, with the remainder of the sales increase coming from the addition of two new stores. ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.