Grocery store industry

Article Abstract:

The lack of appeal for defensive stocks in the 1999 US economy, low sales comparisons for 1998 and 1999, uncompleted large mergers, and high price/earnings ratios in relation to growth have forced supermarket stock prices to retreat in early 1999. Online shopping costs and the slowing industry consolidation growth will have an effect on the industry, and US food retailers are finding private-label brands more profitable. Stocks in the supermarket industry have only an average timeliness rating in 1999 and investors need to be selective.

Albertson's L.L.C., Great Atlantic & Pacific Tea Company Inc., Food Lion L.L.C., American Stores Co., ASC, Fred Meyer Inc., FDLNA, FMY

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Grocery store industry

Article Abstract:

Stocks of the grocery store industry mainly declined in 1999 for a variety of factors, such as weak sales and the increased minimum wage. Online line services and home delivery of groceries are two of the newer trends in the industry in the year 2000. These stocks are not timely, but patient investors will find some buying opportunities for the next three to five years.

United States, Statistical Data Included, Albertson's Inc., Delhaize America, Inc., Great Atlantic and Pacific Tea Company Inc.

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