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Adventures With Danno, 12/31/22:
"Price Increases At Kroger!
This Is Ridiculous! Sale Prices!?"
"In today's vlog we are at Kroger, and are noticing price increases on groceries, and a lot of empty shelves! We are here to check out skyrocketing prices, and the empty shelves situation! It's getting rough out here as stores seem to be struggling with getting products!"
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"25 Biggest Grocery Stores In America
That Filed For Bankruptcy"
by Epic Economist
"At a time when supercenters continue to seize a larger share of the market, and online platforms offer shoppers everything they want without leaving their homes, running a grocery store is definately not an easy thing to do. The business of food retailing is build upon extremely thin profit margins, and issues like shoplifting, supply chain disruptions, mergers and aquisitions, or anti-trust complaints can drive an entire chain that operated for decades or even hundreds of years out of business in a snap of fingers. It's very likely that at least one supermarket chain you used to shop at has disappeared from the U.S. retail landscape since the turn of the century.
For example, A&P, also known as The Great Atlantic & Pacific Tea Co., this company started as a tea seller in 1859. As time went by, it branched out its business to sell other products, and its wide product range and good pricing allowed it to become a very popular store all over America. At its peak, A&P had over 15,000 stores, according to Reuters. But as other competitors emerged, and its new store format fell flat, A&P faced a series of waves of sell-offs and store closures, which resulted in two rounds of bankruptcies. In 2015, the cumulative losses become too great for the chain to bear, and A&P went out of business completely.
Similarly, Fresh & Easy was the U.S. version of the U.K. grocery giant Tesco. In 2006, the supermarket chain opened branches in California, Arizona, and Nevada. In addition to selling groceries, the company also established a cold-chain delivery for prepackaged meals, which Tesco had successfully implemented in the U.K. But American customers didn’t really buy the idea, and they didn’t think the quality was that good. CPS magazine notes that the size of the U.S. made the delivery system untenable and that the brand failed to distinguish itself from other brands, filing for bankruptcy for the first time in 2013. A year after, Fresh & Easy was bought by Yucaipa Companies, but that wasn't enough to save the grocery chain; Fresh & Easy filed for bankruptcy again in 2015, closing all of its stores in the same year.
The same happened to Grand Union stores, which were once plentiful in the U.S. Northeast. But tough competition led the grocer to file for bankruptcy in 2001, being bought by C&S Wholesale Grocers a year later. The new parent company quickly realized that it wouldn’t be able to save the brand, so it decided to sell off stores to Tops Friendly Markets in 2012. But a couple of months later, proven to be unprofitable, the new owner discontinued the Grand Union chain altogether.
Competition is getting harder and harder as big conglomerates dominate the scene and crush small, local, and mom-and-pop brands with their large-scale operations and reduced labor costs. Only companies that stand out will be able to survive in this environment, which means we are likely to see many more grocery store shutdowns in the years ahead. With so many big names closing stores lately, it makes us wonder which chain will disappear next. Today, we listed 25 once loved grocery store chains that don't exist anymore.
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