GRAND RAPIDS, Mich. — Operating in perhaps the most economically depressed region of the country, Spartan Stores here last week reported a 6% decline in comparable-store sales for its third fiscal quarter, and said comps could fall another 2%, to -8%, in the fourth fiscal quarter.
By sometime in the company's next fiscal year, however, which begins at the end of next month, Spartan said it expects sales and earnings to improve.
“I believe there are good reasons to be optimistic as more ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.
Click here to read the FAQ page if you have any questions (opens in a new window)
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.
Already registered? Log In