For this analysis, we are using the stock code for Village Super Market as a proxy for Shoprite, acknowledging that Village Super Market has 29 stores operating under the Shoprite banner, of a total of 337 Shoprite stores.
Village Super Market, Inc. operates a chain of supermarkets in the United States. Its stores feature specialty departments, such as on- site bakery, an expanded delicatessen, various natural and organic foods, ethnic and international foods, prepared foods, and pharmacies. The company operates 29 ShopRite supermarkets in New Jersey, Maryland, and Pennsylvania. Village Super Market was founded in 1933 and is based in Springfield, New Jersey.
Village Super Market sales are correlated with real GDP, personal expenditures, and e-commerce sales. As the economy rises, Village Super Market is likely to see an increase in sales.
SalesForekast™ projects Village Super Market to perform slightly better than their best-fit line. The firm is expected to maintain steady growth over the following quarters.
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