-
Village Super Market Q4 adjusted profit rises
Springfield, N.J. -- Village Super Market, which operates 28 supermarkets under the Shop Rite name in the Northeast, reported Thursday that net income for the fourth quarter was $8.8 million, an increase of 14% after backing out the extra week in last year’s fourth quarter.
Without the adjustment, net income fell from $8.9 million a year earlier.
Revenue rose nearly 1% to $345 million from $342.7 million. After excluding the extra week, revenue increased nearly 8%. Same-store sales rose nearly 8% excluding the extra week. -
American Express survey finds some small business owners believe U.S. still in recession
New York City -- Research results released Tuesday by American Express found that more than a third (38%) of small business owners believe that the U.S. is still in the throes of a recession.
According to the American Express OPEN Small Business Monitor, a semi-annual survey in its 10th year, concerns about the economy are weighing heavily on entrepreneurs. Twenty-seven percent say they do not plan to grow in the next six months (up from 21% in the spring) and just 77% describe themselves as glass-half-full optimists (down from 85% a year ago).