Friday, September 9, 2016

Retail struggles worsen at Supervalu

Save-A-LotSupervalu on Thursday warned of further deterioration of comparable-store sales at its retail and Save-A-Lot divisions in the current quarter, citing a challenging operating environment it said would also impact financial results for the fiscal year.

The announcement came a day after natural-foods retailer Spouts Farmers Market announced its quarterly sales would be lower than anticipated, giving further indication that headwinds suddenly intensified over the summer.. . . more

No comments: