SALES, EARNINGS RISE AT SPARTAN

GRAND RAPIDS, Mich. -- Spartan Stores here reported sales of $457 million, an increase of 4.3%, and comparable-store sales growth of 5.4% for its fiscal fourth quarter ended March 27, despite the opening of two Wal-Mart Supercenters in its market."We are capable of generating sales and growth despite supercenters," said Craig C. Sturken, Spartan's president and chief executive officer, in a conference

GRAND RAPIDS, Mich. -- Spartan Stores here reported sales of $457 million, an increase of 4.3%, and comparable-store sales growth of 5.4% for its fiscal fourth quarter ended March 27, despite the opening of two Wal-Mart Supercenters in its market.

"We are capable of generating sales and growth despite supercenters," said Craig C. Sturken, Spartan's president and chief executive officer, in a conference call. "We are confident we can co-exist with them."

Net earnings of $1.7 mi

Register to view the full article

Already a member? .

TAGS: Walmart