RETAILERS OPTIMISTIC SUMMER FOOD SALES WILL HEAT UP

Supermarket retailers told SN their expectations are running high that they can maintain a healthy sales momentum as the Memorial Day weekend kicked off the summer selling season last week.Meanwhile, analysts cautioned that escalating costs due to increases in gasoline prices and inflation could offset increases in food sales for the bottom line."Usually when wholesale gas prices go up, retail spending

Supermarket retailers told SN their expectations are running high that they can maintain a healthy sales momentum as the Memorial Day weekend kicked off the summer selling season last week.

Meanwhile, analysts cautioned that escalating costs due to increases in gasoline prices and inflation could offset increases in food sales for the bottom line.

"Usually when wholesale gas prices go up, retail spending goes down, and though sales may look better, profits will be squeezed," s

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