DALLAS — Supermarket profitability slipped to a new low in 2010 as consumers increasingly focused on bargains and made fewer trips to the store, according to data released at Food Marketing Institute’s Future Connect conference here last week. Median profits before income taxes and extraordinary items fell to 1.57% last year, FMI’s 2011 Speaks survey of retailers found. It was the lowest margin reported in the last 10 years, falling slightly below 2009 levels of 1.62%. In addition, FMI’s ...
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