Supermarket operators weathered the downturn in consumer spending during the recent holiday season, according to analysts interviewed last week by SN. “If the economic trends continue to suggest that consumer spending is going to slow down, it will catch up to the supermarkets eventually, but so far it hasn't,” said Andrew Wolf, an analyst with BB&T Capital Markets, Richmond, Va. “They have been the least affected [retail sector] so far, and their holiday sales, I think, will reflect ...

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