SPRINGFIELD, N.J. — ShopRite operator Village Super Market here on Wednesday said higher expenses and lower gross margins caused profits in its fiscal first quarter to decrease by 13%, even with a boost from Hurricane Sandy-sparked sales. Sales for the quarter, which ended Oct. 27, increased by 4.5% to $358.2 million, and same-stores were up 2.6%. Village said same-store sales increased due to “very high sales” in the run-up to Hurricane Sandy. Same-store sales also ...
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