SPRINGFIELD, N.J. — First-quarter net income for Village Super Market here fell by 29%, the retailer said last week, citing low same-store sales growth, tightening margins, product price deflation and increased internal expenses. Village, which operates 26 stores under the ShopRite banner in New Jersey and Pennsylvania, said it expected comparable-store sales of between 1% and 2% for the fiscal year. It said it expected to drastically reduce capital spending compared with fiscal 2009. ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

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? here.