The full picture of City Market’s 2010 has been reported as the company has published its annual unaudited figures, ending the year some $7.4 million in the red despite generating sales of just under$100 million.<\/p>\n
In an interview with the Nassau Guardian, Derek Winford, CEO of Bahamas Supermarkets said: “At the end of the day we will have to make some business decisions. If you look at the loss you could put $7 million of that down to shrinkage so it’s clear our people are able to help turn that figure around.”<\/p>\n
The 2010 figures showed that net sales for the company’s stores dropped from $118.5 million in 2009 to $99.13 million this year. However, one bright spark was that the company had managed to cut its costs by just under $1 million, from $30.8 million last year to $29.9 million this year.<\/p>\n
By SCOTT ARMSTRONG
\nNassau Guardian Business Editor<\/p>\n","protected":false},"excerpt":{"rendered":"
City Market has finally released its annual unaudited figures for 2010, showing the food company ended the year some $7.4 million in the red despite generating sales of just under $100 million.<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[98],"class_list":["post-1849","post","type-post","status-publish","format-standard","hentry","category-business","tag-financial"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/1849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=1849"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/1849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=1849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=1849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=1849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}