FMS Solutions Announces Results of the 2007 Independent Grocers Survey
Independents realize pre-tax profits of 1.94 percent and increased gross margins from 25.33 percent to 25.55 percent.
Baltimore, MD (PRWEB) July 10, 2007 -- According to the 2007 Independent Grocers Survey, independent grocery retailers reported a 1.94 percent net profit before taxes and overall store margins of 25.55 percent. The survey, in existence since 2002, is designed to help independent retail grocers and independent supermarkets better understand how their store operations compare with national averages. In addition to financial and accounting benchmarking, the survey also focuses on economic factors and key political issues impacting the independent retail grocery industry.
The 2007 Independent Grocers Survey is the result of a collaborative effort between FMS Solutions and the National Grocers Association (N.G.A.). The National Cooperative Bank (NCB), the primary lender to the independent grocer, has provided sponsorship to support this tool. Comprising an exhaustive analysis based on survey responses from independent grocery retailers of all sizes and formats, it covers industry-wide trends in key issues such as profitability, consumer attitudes and influences, and cost pressures.
FMS Solutions Vice President, Bob Graybill stated, "we are very proud to have been a part of this valuable service for independent retail grocers for the past 5 years. We have designed the survey to be as relevant and useful to our target market as possible by addressing the Top 6 issues rated by Independent Grocers which include Health Care, Minimum Wage, Taxes and Tax Policy, Supercenters, Labor/Employment and Interchange Fees."
The 2007 Independent Grocers Survey can be ordered directly from the FMS Solutions website, http://www.fmssolutions.com. Independent retail grocers and independent supermarkets can also sign up to be a part of the 2008 survey on the FMS website.
About FMS Solutions: With headquarters in Baltimore, Maryland, FMS Solutions provides approximately 1,800 independent retail grocer and independent supermarket operations with financial, accounting and consulting services such as industry benchmarking, best practices and mission-critical decision support.
Contact:
Bob Graybill
FMS Solutions
877-435-9400 ext. 1203
bobg @ fmssolutions.com
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