SPRINGFIELD, N.J. — ShopRite operator Village Super Market here said profits declined in the recently ended first quarter amid higher promotional spending and flat same-store sales. For the quarter ending Oct. 30, net income was down 13%, to $3.93 million, while total sales were up 1.5%, to $307.4 million. A replacement store in Washington, N.J., was cited for driving the sales gain. Gross profit as a percentage of sales decreased to 26.3%, vs. 26.6% in the first quarter of a year ago. ...
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