BYRON TOWNSHIP — Despite recently backing off plans to build two local stores, Spartan Stores says it's ready to expand its footprint.
The Byron Township-based grocer says its future looks brighter after fourth quarter results were better than expected, boosting overall 2010 year-end profits to the second highest in the company's 92-year history.
With signs that Michigan's long-suffering economy appears to be on a slow mend, the grocer predicts 2011 will be better than 2010.
The news apparently impressed the Street. The company's stock closed Thursday at $16.91, up $1.51 or 9.8 percent on Nasdaq after reaching a 52-week high of $17.22 in the midst of a down market.
To read the rest of the story, please go to: The Grand Rapid Press.