Quote:
Originally Posted by hazelnut
Secondcurve,
This was no small mom and pop organization. See the link:
http://www.omnifoodssupermarkets.com/index.html
Note that they lost another store in Chestnut Hill to a "Lease Running Out." This was a chain that had buying power and the ability to pass those savings on to the customer. They chose not to do so. In the end it bit them in the butt. You also oversimplify things by stating that they could just ".. cut their prices to the level of Hannaford's and stay(ed) in business..." I'm afraid that it just doesn't work that way. People do not forget that easily. If you noticed Jackson Star had a huge banner out front for the last few months "DOUBLE MANUFACTURERS COUPONS." Essentially cutting their prices down to Hannafords levels. It did not seem to work. The wheels for this closure were started long, long ago. It was only a matter of time before this happened. It is unfortunate and in this economic crisis I feel for the employees. The focus should not be on the people who abandoned shopping at Jackson Star. The blame is squarely on the shoulders of the ownership. To continually equate Jackson Star with "Heath's" "Beans and Greens" "Moulton Farms" etc and other Mom and Pop shops is incorrect in my opinion. |
Hazelnut:
Trust me. This is small for the grocery business. $10-20 million for three stores? Maybe less? Who knows, but in any event 3-stores is tiny for this industry. I will note that there are hardly any small chains left in NE.