Spartan to Refurbish, Rebanner Felpausch Stores

Spartan Stores intends to hang new banners on the Felpausch stores it recently acquired but said the changes will come only after the stores have been renovated — a process that is expected to take a year or more.

GRAND RAPIDS, Mich. — Spartan Stores intends to hang new banners on the Felpausch stores it recently acquired but said the changes will come only after the stores have been renovated — a process that is expected to take a year or more. “We will convert to the banner we feel is appropriate, and Family Fare and D&W will come into play,” Craig Sturken, chief executive officer of Spartan, said in a conference call Thursday. “But we don’t think it makes good sense to put a new banner on a store that hasn’t been fixed from a physical standpoint.” Sturken’s remarks came during a review of financial results for the fiscal first quarter ended June 23. Overall sales increased 5.4% to $556.7 million, with retail sales gaining by 8.8% to $274.3 million and distribution sales growing by 2.4% to $282.4 million. Comparable-store sales increased by 3.6%, excluding fuel. Quarterly earnings of $12.8 million improved by 87.4% from the same period a year ago, or 28% excluding one-time items.

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