Supermarket News – 07/13/18
Rising competition and costs, along with lackluster customer spending, squeezed financial results for independent grocery store operators last year, according to a report from the National Grocers Association (NGA).
Same-store sales for independents dipped 0.6% in fiscal 2017, according to the 2018 Independent Grocers Financial Survey released Tuesday by NGA and financial consulting partner FMS Solutions Holdings. The slight decrease, however, marked an improvement from fiscal 2016, when comparable-store sales fell 1.62% year over year.
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