Tops sales slow, losses increase in 4Q

Tops sales slow, losses increase in 4Q

Low inflation, a weak Canadian dollar and unseasonably warm weather slowed comparable store sales growth in the fourth quarter and fiscal year ended Jan. 2, parent Tops Holding II said in a release. And while sales margins increased, higher expenses led to increased net losses in the quarter and fiscal year.

Sales for the 13-week fourth quarter increased 7.3% to $570.3 million as compared to the 12-week fourth quarter in

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