By NEIL HARTNELL

Tribune Business Editor

City Markets has enjoyed an average sales growth rate per week of 12 per cent since its new majority owner took control in early November, Tribune Business was told yesterday, with the supermarket chain expected to return to profitability in its 2012 financial year.

Philip Kemp, chief financial officer at City Markets' operating parent, Bahamas Supermarkets, told this newspaper that while the week-over-week sales growth rate had slowed to 4 per cent over the last five weeks, the grocery store chain was "80 per cent of the way" to fully recapturing its market share and continuing to experience positive trends.

"Compared to last year, ...

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