Pandemic brought grocers higher sales and net profits
Retail Wire
SEPTEMBER 17, 2021
Net profit grew to an average of three percent, up from one percent in 2019. 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.
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