Retailers Gain Traction in 1st Half

Retailers Gain Traction in 1st Half

“The perception among investors late last year was that supermarkets were in perpetual decline, but that perception changed during the first half of this year as comparable-store sales were positive for most companies and margins got a little bit better.” — Scott Mushkin, managing director, Wolfe Research

More competitive pricing and slight improvements in the economy helped propel the industry to slightly better financial results during the first half of the calendar year, industry analysts told SN, and they said they expect those factors to continue to boost results moderately during the second half.

Andrew Wolf, managing director for BB&T Capital Markets, Boston, said the first half produced the industry’s best results in four years “because sales productivity

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