Ann Arbor Area Community News
The Detroit News reports that up to 30 local Farmer Jack and Food Basics stores may be closed and sold, in order to mitigate financial losses by their parent company.
Local real estate and grocery industry experts said about 30 stores, including all 10 Food Basics in Michigan, are the most likely targets for sale.
Wal-Mart and Whole Foods are credited for part of Farmer Jack’s troubles, chipping away market share from either side and economically stratifying the market. Wonderful to think that FJ’s five-year-old monument to sprawl in Chelsea could close and sit empty, though it’s probably one of the better prospects for buy-out by Busch’s.
« Previous Article Chris Buhalis at Oz's Music
Next Article Detroit News on local news blogs & message boards »
New Comments(twitter feed)
Arbor Update Topics