NASH FINCH SAYS MARGINS WILL STAY TIGHT

MINNEAPOLIS -- Nash Finch Co. here said last week it expects the marketplace to remain "exceptionally promotional" for the next 12 months.That will result in a severe compression of gross margins, said Ron Marshall, president and chief executive officer, "and the challenge for the industry will be to make the appropriate expense reductions to offset that and allow net margins to continue to grow."Marshall

MINNEAPOLIS -- Nash Finch Co. here said last week it expects the marketplace to remain "exceptionally promotional" for the next 12 months.

That will result in a severe compression of gross margins, said Ron Marshall, president and chief executive officer, "and the challenge for the industry will be to make the appropriate expense reductions to offset that and allow net margins to continue to grow."

Marshall made his remarks in a conference call following the release of the com

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