Fresh & Easy to close 55 stores
EL SEGUNDO, Calif. — Fresh & Easy plans to close 55 stores, which would leave the chain with about 110 locations, the Orange Country Register reported.
Fresh & Easy is owned by the Yucaipa Cos., which bought the supermarket chain out of bankruptcy in 2013 from U.K. retailer Tesco. It operates stores in Nevada, California and Arizona.
The stores slated for closing do not meet Fresh & Easy’s new model of “modern convenience.”
"This move allows the company to redeploy capital into development and growth, including a 3,000 to 5,000 square foot store to provide a higher level of convenience and greater density," Fresh & Easy spokesman Brendan Wonnacott said in the report.
In a company statement, Wonnacott said Fresh & Easy is working with ADMI, the firm behind the design of the Apple Store, to design the Fresh & Easy store of the future. He described the concept as a “fresh-food convenience store.”
H-E-B tops 2015 Temkin Trust Ratings
- Only 6% of firms earned "excellent" ratings (above 70%) and 28% earned "good" ratings (60% to 70%);
- With average 2015 Temkin Trust Ratings of 67%, supermarket chains earned the highest level of trust. Three other industries earned "good" ratings: insurance carriers, retailers and parcel delivery services;
- TV service providers (32%) and Internet service providers (34%) earned average scores in the "very poor" range, while wireless carriers (44%), health plans (46%) and utilities (49%) earned average scores in the "poor" range; and
- Three companies earned Ratings that were 21 points above their industry averages: USAA (credit cards), credit unions (banks) and TriCare (health plans). Seven other companies are more than 15 points above their industry averages: USAA (banks), Georgia Power (utilities), JetBlue (airlines), Optimum (Internet service), Kaiser Permanente (health plans), USAA (insurance), and Chick-fil-A (fast foods).
Haggen opens in California, names expansion team
BELLINGHAM, Wash. — As burgeoning food retailer Haggen charts a path of expansion across the West Coast, the company is also making some key executive moves to support its growth in the Southwest.
The grocery chain Haggen named the first five senior members of its Pacific Southwest leadership team this week:
“Each of our leaders has extensive experience in the grocery business as well as professional and personal connections to the Southern California marketplace,” said Bill Shaner, Haggen CEO Pacific Southwest. “You couldn’t ask for a stronger group to lead our historic rollout of 100 stores in 100 days.”
Haggen is in the process of converting 100 former Albertsons and Safeway stores in Southern California, Arizona and Nevada to its own brand, with five conversions in the San Diego area and six stores scheduled for this month. These stores are the first of 83 California stores Haggen plans to acquire and convert to the Haggen brand in the first half of 2015. Once the acquisition is completed, the Oregon-based grocery chain will expand from 18 stores with 16 pharmacies to 164 stores with 106 pharmacies.