Retail News

Pandemic brought grocers higher sales and net profits

Supermarket News 09/17/2021

FMI’s “The Food Retailing Industry Speaks 2021” report found that the average grocery retailer posted a 15.8 percent increase in same-store sales in 2020 but also found cost increases tied to the pandemic. Net profit grew to an average of three percent, up from one percent in 2019.

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