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(Philly Burbs)   Coyotes nervous as Acme chain is sold   (phillyburbs.com) divider line 20
    More: Obvious, Acme, Albertson's Inc., Cerberus Capital Management, Acme chain, Burlington County, Moorestown, George Bernard Shaw, supervalu  
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1142 clicks; posted to Business » on 23 Mar 2013 at 11:59 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-23 07:45:28 AM
fc02.deviantart.net
 
2013-03-23 09:18:57 AM
oh god why are you so gay this morning internet
 
2013-03-23 09:37:55 AM
The "ack-a-me" is being sold?  NOOO!!!!!
 
2013-03-23 09:46:33 AM
Came to say ack-a-me, see I was beaten/now I need some Tea Cooler from Swiss Farms//wooder
 
2013-03-23 10:15:56 AM
Stupid phone hates slashies
 
2013-03-23 11:15:42 AM

Jon iz teh kewl: oh god why are you so gay this morning internet


Must be all the fabulous posters being fabulous.
 
2013-03-23 12:34:41 PM
I was stunned. The news hit me like a safe to the chest.
 
2013-03-23 12:39:41 PM
FTFA: Parent company Supervalu in Minnesota said it has completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Savon in-store pharmacies to AB Acquisition, an affiliate of a Cerberus Capital Management-led investor consortium,

That's not an ominous-sounding corporation name at all.
 
2013-03-23 12:57:31 PM

xanadian: That's not an ominous-sounding corporation name at all.


Yeah, it means that all those stores will quickly suck even more than they do now.
 
2013-03-23 01:04:56 PM
I'll just have to go to Genuardi's or Clemens now... oh, wait...
 
2013-03-23 01:49:05 PM
Maybe they will stop looking at me funny when I ask where to find the rocket powered roller skates.
 
das
2013-03-23 04:25:47 PM

Chevello: Maybe they will stop looking at me funny when I ask where to find the rocket powered roller skates.


I asked for the anvil dept.

///beer was involved.
 
2013-03-23 04:52:55 PM
3.bp.blogspot.com
 
2013-03-23 06:04:43 PM
Actually of some concern, as my local supermarket is an Acme.  It's got to be one of their most profitable stores, but it's also a union shop, and I can't see Cerberus putting up with that.

/It's pronounced AK-a-me
//no idea why
 
2013-03-23 08:41:28 PM
For a second there I worried this might be about Acme Bread.
 
2013-03-23 08:59:51 PM
I hope the chain survives, but it has been failing and going downhill since the mid 90's. What was once the dominant chain in the Philadelphia area, is now #3 at best based on sales. I haven't been in one in about three years. The store was nice, but this was on a spring Sunday afternoon and there was NOBODY in the store and one cashier standing twiddling his thumbs. Oddly, this store is still somehow open (I guess the nearby senior citizen complex is the only thing keeping it in business).

Non-Union, Central PA GIANT stores (and Wegmans) soon invaded the Philly suburbs and pretty much kicked Acme (and Pathmark/SuperFresh and all the other Union chains) back to the city. (Although ShopRite is also Union and seems to do well everywhere, but they are independently owned stores) Acme has the HIGHEST prices out of all the chains in the region, and nothing really special to offer like Wegmans does. (Genuardi's and Clemens had high prices too...but Giant ended up buying both out).

Anyway, what Cerberus did when they acquired the Midwest and Florida division of Albertsons years ago, was to pretty much close/sell every unprofitable location (which was very many). They aren't in the long-term business of operating grocery stores. Maybe they'll change, but Acme will probably get shrunk and (hopefully) sold. Maybe Kroger will buy them..that is the only company that doesn't operate grocery stores in the region.
 
2013-03-24 01:16:43 AM

MBZ321: Maybe Kroger will buy them..that is the only company that doesn't operate grocery stores in the region.


Safeway had Genuardi's, but if they sold them to Giant, what do they have left in the region?  Just wondering.
 
2013-03-24 01:35:22 AM
Here's all their products:

emilytobias.com
 
2013-03-24 01:48:13 PM

dbirchall: MBZ321: Maybe Kroger will buy them..that is the only company that doesn't operate grocery stores in the region.

Safeway had Genuardi's, but if they sold them to Giant, what do they have left in the region?  Just wondering.


FARK.com: (7661040) Coyotes nervous as Acme chain is sold


Nothing (well, technically, they still have a single store operating in PA for another year or two; they ended up stuck in a lease and nobody wanted to buy the store), but given their failure in the area, I don't think they would want to return any time soon. (Genuardi's prices were as bad, if not worse than Acme. Safeway pretty much ran Genuardi's into the ground by running it the same way as they did their California and their DC/VA area stores and never adapted to the region).
 
2013-03-24 09:59:05 PM
I thought was going to an Acme store the other day, but it just turned out to be a door painted on the side of a brick wall.
 
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