July 23, 2014 at 2:10 p.m.
Marsh has 1st quarter profit (08/12/06)
Business roundup
After three quarters without a profit, Marsh Supermarkets announced a profit for the first quarter of fiscal 2007.
Marsh reported a net income of $1.1 million, or 15 cents per share, more than doubling the figure from the same quarter last year when the company posted a net income of $674,000 or 8 cents per share.
The company said increased income was the result of cutting expenses, closing two supermarkets and six convenience stores, and making advertising more efficient.
"Our focus on controlling expenses helped to moderate the negative pressure on revenue caused by the effects of competition and the uncertainty in the marketplace regarding the outcome of the sale of the company," said Don E. Marsh, chairman and chief executive officer.
Founded in 1931 in Muncie, Marsh has been ridden with weak sales, increased competition and high debt in recent years, resulting in the May announcement that a Florida company would buy the troubled chain.
Sun Capital Partners inked an agreement with Marsh on May 2, stating the company would become a wholly owned subsidiary of the Sun-affiliated MSH Supermarkets Holding Corporation.
Sun does not have previous experience operating grocery stores.
Marsh Supermarkets Inc. owns and operates 38 LoBill Food stores, including one in Portland, and 154 Village Pantry convenience stores, also with one in Portland, in addition to 69 Marsh supermarkets in Indiana and western Ohio.
$910 raised
Dairy Queen in Portland raised a total of $910 this week that will be given to Riley Hospital for Children in Indianapolis, store owner Jed Williams reported.
All proceeds from the sale of Blizzard frozen treats on Thursday were designated toward Children's Miracle Network, which helps fund operations at Riley Hospital.
Dairy Queen is located at 1403 N. Meridian St.
Agent recognized
Debra Grider, a Portland American Family Insurance agent, was recently recognized for customer satisfaction excellence by J.D. Power and Associates.
Grider has been an agent for American Family since 1997.
Agents who meet or surpass the overall national standard set by J.D. Power and Associates must then pass an on-site evaluation based on five best practice areas including proactive reviews of customer insurance needs, claims handling, positive customer contacts, responsiveness and office environment.
Appreciation reception
The new Portland Wal-Mart SuperCenter will hold a teacher appreciation reception Wednesday at 10 a.m. in the layaway area of the store.
Teachers from the area are encouraged to attend the free event and receive a free teacher's tool kit.
Benefit cruise-in
Wal-Mart SuperCenter in Portland will be hosting a cruise-in on Aug. 19 in the front parking lot.
Registration will be from 10 a.m. to noon, and awards will be presented at 4 p.m. The entry fee for the event is $10.
There will be a live band, balloons for children, and dash plaques to the first 50 entrants.
All proceeds from the event will go to the Children's Miracle Network for Riley Hospital for Children of Indianapolis.
For more information, contact Sally Montgomery at (260) 726-3682.[[In-content Ad]]
Marsh reported a net income of $1.1 million, or 15 cents per share, more than doubling the figure from the same quarter last year when the company posted a net income of $674,000 or 8 cents per share.
The company said increased income was the result of cutting expenses, closing two supermarkets and six convenience stores, and making advertising more efficient.
"Our focus on controlling expenses helped to moderate the negative pressure on revenue caused by the effects of competition and the uncertainty in the marketplace regarding the outcome of the sale of the company," said Don E. Marsh, chairman and chief executive officer.
Founded in 1931 in Muncie, Marsh has been ridden with weak sales, increased competition and high debt in recent years, resulting in the May announcement that a Florida company would buy the troubled chain.
Sun Capital Partners inked an agreement with Marsh on May 2, stating the company would become a wholly owned subsidiary of the Sun-affiliated MSH Supermarkets Holding Corporation.
Sun does not have previous experience operating grocery stores.
Marsh Supermarkets Inc. owns and operates 38 LoBill Food stores, including one in Portland, and 154 Village Pantry convenience stores, also with one in Portland, in addition to 69 Marsh supermarkets in Indiana and western Ohio.
$910 raised
Dairy Queen in Portland raised a total of $910 this week that will be given to Riley Hospital for Children in Indianapolis, store owner Jed Williams reported.
All proceeds from the sale of Blizzard frozen treats on Thursday were designated toward Children's Miracle Network, which helps fund operations at Riley Hospital.
Dairy Queen is located at 1403 N. Meridian St.
Agent recognized
Debra Grider, a Portland American Family Insurance agent, was recently recognized for customer satisfaction excellence by J.D. Power and Associates.
Grider has been an agent for American Family since 1997.
Agents who meet or surpass the overall national standard set by J.D. Power and Associates must then pass an on-site evaluation based on five best practice areas including proactive reviews of customer insurance needs, claims handling, positive customer contacts, responsiveness and office environment.
Appreciation reception
The new Portland Wal-Mart SuperCenter will hold a teacher appreciation reception Wednesday at 10 a.m. in the layaway area of the store.
Teachers from the area are encouraged to attend the free event and receive a free teacher's tool kit.
Benefit cruise-in
Wal-Mart SuperCenter in Portland will be hosting a cruise-in on Aug. 19 in the front parking lot.
Registration will be from 10 a.m. to noon, and awards will be presented at 4 p.m. The entry fee for the event is $10.
There will be a live band, balloons for children, and dash plaques to the first 50 entrants.
All proceeds from the event will go to the Children's Miracle Network for Riley Hospital for Children of Indianapolis.
For more information, contact Sally Montgomery at (260) 726-3682.[[In-content Ad]]
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