US supermarket chain Spartan Stores has posted a quarterly net loss, citing a fall in sales in the slow economy.
The Grand Rapids, Michigan-based company reported a net loss of US$57.1m for the fiscal third quarter to 4 January, compared to breaking even in the same period a year earlier.
The company, which operates Ashcraft’s, Family Fare and Food Town stores, said its net loss from continuing operations for the third quarter was $67m.
Net sales fell to $995.4m from $1.06bn a year earlier, reported Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData