The Philadelphia Inquirer reports that Supervalu-owned Acme Markets “will close five unprofitable Philadelphia-area stores by the end of February, three in South Jersey and two in Pennsylvania - locations union officials said were hurt by Wegmans and other competing chains.”
According to the story, “In recent years, Acme, one of the region's oldest supermarket chains, has struggled to reinvent itself as competitors have arrived with stores that sell groceries in new ways. On the higher end, for example, are Whole Foods and Wegmans, with stores popular among gourmands; on the other end are Shop Rite, Walmart and Target, which lure more cost-conscious customers with aggressively low prices.”
According to the story, “In recent years, Acme, one of the region's oldest supermarket chains, has struggled to reinvent itself as competitors have arrived with stores that sell groceries in new ways. On the higher end, for example, are Whole Foods and Wegmans, with stores popular among gourmands; on the other end are Shop Rite, Walmart and Target, which lure more cost-conscious customers with aggressively low prices.”
- KC's View:
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Must be something in the New Year’s air...
