‘Cautious’ Consumer Pressures Village Sales

Village Super Market said yesterday that its customers appear to be trading down because of economic pressures, restraining same-store sales growth at the 25-unit ShopRite operator.

SPRINGFIELD, N.J. — Village Super Market here said yesterday that its customers appear to be trading down because of economic pressures, restraining same-store sales growth at the 25-unit ShopRite operator. In the third quarter, which ended April 26, Village said net income rose by about 0.5%, to $4.9 million, on a sales increase of 7.1%, to $273.4 million, vs. year-ago levels. Same-store sales were up 0.4%, with the remainder of the sales increase coming from the addition of two new stores.

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