In a year in which the Dow Jones Industrial Average lost about a third of its value, supermarket stocks actually didn't fare too poorly by comparison. Although more than half of the 24 North American food retailing stocks tracked by SN had double-digit losses in 2008, only a handful — four, in fact — fared worse than the market overall, as measured by the Dow. The DJIA fell almost 34%, and the Standard & Poor's 500 Index was down about 38.5% for the year. The SN Composite Index, ...

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