Cannibalization, competition ding Fairway Q1 sales

Fairway Group Holdings said Thursday that same-store sales declined by 1.7% in the fiscal first quarter due in part to sales cannibalization from new Fairway stores and the impact of a recent competitive opening.

Total sales for the quarter, which ended June 29, totaled $198.3 million, an increase of 6.2% from the same period a year ago. Net sales growth was attributable to two new stores that opened during the period, o

Register to view the full article

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish