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Organic does not work ?
by 8DonCo Tue Jan 28, 2020 1:40 pm
Lucky's Market, the niche grocery chain that bills itself as "organic for the 99%," filed for bankruptcy protection Monday, the latest in a string of grocery store bankruptcies.
The grocer said it agreed to sell six stores to discount grocer Aldi and five to Publix. Lucky's said it will continue operating seven stores through bankruptcy. Last week, it announced plans to shutter more than 30 stores around the country.
The bankruptcy is a sign of mounting pressure on small and regional grocers in an industry with wafer-thin margins. Grocery stores are trying to make costly investments to expand online, while also facing pressure from specialty and discount grocers.
Founded in 2003 in Boulder, Colorado, by former chefs with farmers market-style stores and gourmet food, Lucky's attracted the interest of large grocery chains as it grew, including Kroger. In 2016, Kroger (KR) invested in Lucky's, which at the time had 17 stores.
"Lucky's approach is very much aligned with our efforts to provide affordable, fresh, organic and natural foods as part of our customer-first strategy. We expect to learn a lot from each other," Kroger CEO Rodney McMullen said at the time.
The grocer said it agreed to sell six stores to discount grocer Aldi and five to Publix. Lucky's said it will continue operating seven stores through bankruptcy. Last week, it announced plans to shutter more than 30 stores around the country.
The bankruptcy is a sign of mounting pressure on small and regional grocers in an industry with wafer-thin margins. Grocery stores are trying to make costly investments to expand online, while also facing pressure from specialty and discount grocers.
Founded in 2003 in Boulder, Colorado, by former chefs with farmers market-style stores and gourmet food, Lucky's attracted the interest of large grocery chains as it grew, including Kroger. In 2016, Kroger (KR) invested in Lucky's, which at the time had 17 stores.
"Lucky's approach is very much aligned with our efforts to provide affordable, fresh, organic and natural foods as part of our customer-first strategy. We expect to learn a lot from each other," Kroger CEO Rodney McMullen said at the time.
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8DonCo
Re: Organic does not work ?
by Jen-Lo Tue Jan 28, 2020 2:17 pm
Chợ này đi chán lắm. Ngoài ra còn tiệm Sprout cũng chán nửa.
Jen-Lo
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