Supermarkets have managed to drive strong results amid a weakening economy and rising inflationary pressures, an analysis of second-half results shows
Financial results among supermarket operators during the second half of 2007 continued their upswing, despite intense pressure from the slumping economy and accelerating inflation in food prices, analysts told SN. “The second half was an extraordinarily challenging environment for supermarkets, with the double blow of inflation and a falling economy, and yet they did well,” Gary Giblen, executive vice president of Goldsmith & Harris, New York, told SN. For Bryan Hunt, a high-yield ...
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