Acme to layoff 900 employees
The news was reported on several webstites this past week. Thanks to all for sending in the links. The layoffs are set to occur on May 7th. Acme President Dan Sanders was quoted as saying, "Unfortunately, we have more associates than we need to serve our current level of sales, and we must take immediate action to change our business." Interesting, the articles report that Acme is still number 1 in the Philly market with an 18% share. ShopRite is never included in these reports due to it being a cooperative based company. Kinda ridiculous. Regardless of it's business model it's still a regular ol' grocery store competing with other grocery stores.
R.I.P. ACME Brand
The day has come... SuperValu has announced it will be eliminating Acme brand. Well, what's left of it anyway. Rumors of this plan have been floating around for a while now and SuperValu made it official yesterday. All store brands within each banner will be retired in favor of the company's new "Essential Everyday" branded products. This will allow the company huge savings from not having to produce banner specific packaging and marketing strategies. It is quite possible that it could lead to further erosion of store loyalty among customers. If SuperValu is smart they'll follow Publix's lead of creating high quality products in stylish packaging that compete with the brand pricing of Walmart's Great Value brand. Publix has one of the most successful private label brands in the country. A Google image search revealed no previews for the product line. I'll post links as they become available. You can read more about the news at bizjournals.com.
A&P to sell 25 Super Fresh stores
As mentioned in the comments below, news about A&P selling off some Super Fresh stores hit about 2 weeks ago. A&P is looking to complete the sale within the next 2 months. There has been no word on potential buyers. You can read more about it at supermarketnews.com.