Economy Tempers Spartan Sales

A soft economy, falling prices, competitive openings and even bad weather contributed to quarterly declines in earnings and comparable-store sales at Spartan Stores here, the company said last week. Net earnings of $10.4 million fell by 2% as consolidated sales slipped 3% to $610.2 million for the fiscal second quarter, which ended Sept. 12, Spartan said. Comparable retail store

GRAND RAPIDS, Mich. — A soft economy, falling prices, competitive openings and even bad weather contributed to quarterly declines in earnings and comparable-store sales at Spartan Stores here, the company said last week.

Net earnings of $10.4 million fell by 2% as consolidated sales slipped 3% to $610.2 million for the fiscal second quarter, which ended Sept. 12, Spartan said. Comparable retail store sales plummeted by 5.1%, however, due mainly to new competitors and product pr

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