Last Quarter Harsh for Marsh

Jun 10, 2003
George Anderson

By George Anderson

Marsh Supermarkets reported a net loss of $824,000 or 10 cents a share for
the fiscal quarter ending March 29. Same-store sales were down 2.2 percent of
the period. Comp-store sales were off 3.1 percent.

The quarter’s performance was significantly off the same period for the year
earlier. In that quarter, Marsh had income the equivalent of 22 cents a share.

Moderator’s Comment: What are your thoughts on Marsh’s
performance and the future of other regional grocery chains?

Marsh Supermarkets has a history of innovation. It will
take innovative thinking and attention to execution to remain competitive against
the likes of Meijer, Wal-Mart and others.

Please practice The RetailWire Golden Rule when submitting your comments.

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