Grand Rapids, Michigan-based Spartan Stores grocery chain has reported financial results for the Q4 and FY 2002, ended 30 March 2002. Consolidated net sales for the Q4 decreased 11.7% to US$764.8m, year on year. Excluding the effect of an early Easter holiday this year and the 53rd week of sales in last year's Q4, consolidated net sales would have been US$756.3m this year compared with US$800.6m last year, a decline of 5.5%. Adjusting for the early holiday and the extra week of sales in fiscal 2001's Q4, retail comparable-stores sales declined 6.6% for the quarter. Sales were affected by the competitive market conditions in the company's Ohio region, continuing difficult economic conditions in its Michigan markets, and unfavourably mild winter weather in its northern Michigan resort areas.
USA: Spartan Stores sees Q4 net sales drop 11.7%, to focus on growth in 2003
Get full access to all content, just $1 for 30 days

just-food gives you the widest food market coverage.
But only paid just-food members have full, unlimited access to all our exclusive content - including 21 years of archives.
Try just-food for 30 days and get the research report; ‘Is sugar the next tobacco’ for free!
Dean Best, editor of just-food
Do you get our newsletters? If yes, log in to your account to access your FREE READS. Don't know your password? That's cool - you can reset it here.
Most Popular
Insights
- Will Danone 2021 predictions placate critics?
- China becomes Nestle's problem child
- Big Food's VC-style funds: the investments so far
- St Pierre Groupe's Paul Baker – interview
- Dairy groups aiming to milk dairy-free
News
- Nestle adds to D2C offering with UK deal
- Ex-Unilever CEO Polman to join veggie firm's board
- Oatly makes IPO announcement
- PepsiCo quits snacks joint venture
- Reckitt Benckiser to review baby-formula unit
Market research
- Soups in the United States
- Meal Kits (Prepared Meals) Market in the United Kingdom - Outlook to 2023: Market Size, Growth and Forecast Analytics
- Bangladesh In-depth PEST Insights
- RCL Foods Ltd (RCL) - Financial and Strategic SWOT Analysis Review
- PT Indofood Sukses Makmur Tbk - Strategy, SWOT and Corporate Finance Report
Oops! This article is copy protected.
Why can’t I copy the text on this page?
The ability to copy articles is specially reserved for people who are part of a group membership.
How do I become a group member?
To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..
