Retailers Temper Outlooks

The recession may be over but so too is the post-recession rebound. Financial results from several food retailers in the most recent earnings period illustrated a bleaker economic environment than many expected as the modest recovery exhibited in first-quarter results proved to be short-lived. Most food retailers found themselves in tight price competition that cut into profits as shoppers continued

The recession may be over but so too is the post-recession rebound.

Financial results from several food retailers in the most recent earnings period illustrated a bleaker economic environment than many expected as the modest recovery exhibited in first-quarter results proved to be short-lived. Most food retailers found themselves in tight price competition that cut into profits as shoppers continued to spend cautiously and chase values, with little help from price inflation or job gro

Register to view the full article

test - Advanced Registered User

Already a member? .