Supermarket Revenues Seen Flat Into ’10

Moody's Investors Service here last week said it expects revenue growth in the supermarket industry "will remain close to flat or slightly negative" into early 2010. In a report, the debt-ratings agency said it expects that "most" supermarkets will be able to maintain cash flows near current levels, thanks to cost-reduction initiatives, although it said some companies in the sector will be pressured.

NEW YORK — Moody's Investors Service here last week said it expects revenue growth in the supermarket industry "will remain close to flat or slightly negative" into early 2010.

In a report, the debt-ratings agency said it expects that "most" supermarkets will be able to maintain cash flows near current levels, thanks to cost-reduction initiatives, although it said some companies in the sector will be pressured.

"Our concerns center around those companies with very thin

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