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(Philly Burbs)   Coyotes nervous as Acme chain is sold   (phillyburbs.com) divider line 2
    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 08:59:51 PM
1 votes:
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.
2013-03-23 04:52:55 PM
1 votes:
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