They own NINETY-THREE REALTY LOCATIONS? Holy smokes - I didn’t realize it was that many! But I know that has been their MO - to own the mini-malls they’re in and lease to other complimentary stores around them, if it’s not a standalone store. Although the Stadium Plaza still has the empty anchor store from K-Mart going under.
The effect on so many towns, employees, and locations if this goes south is going to be devastating.
I think our region can support the multiple chains. What I worry about is that it will just become like the Stop and Shops and Stars/Shaws. There’s already so much consolidation in this space, that having one less competitor - and one that has emphasized good prices for good quality to boot - will just make it that much harder for those that need closer and less expensive grocery options. We don’t need another reason for these stores to close “underperforming” stores that somehow always happen to be the neighborhoods with the lower income families.
“Every so often, a voice warbles from high above, announcing two-for-one, thin-n-trim baloney deals. Like many other-worldly pronouncements, these intonations might have little bearing on reality. Do you really need 2.5 pounds of Market Basket natural casing franks? You do now. Suddenly, if just for a moment, you have direction and purpose.”
Mediation is today (and maybe tomorrow) in Delaware at Artie T’s request. I’m not confident that this will work out best for customers or employees. The sisters have way too much power, especially now that they’ve secretly voted out Bill Shea, the only board member who backed Artie T. The only way is if Artie T. can buy THEM out the way he did Artie S. - and then have his kids run the company when he retires.
I haz a major major sadz. I do wonder if there will be another revolt by Customers and Employees.
I expect prices to go up, quality to go down, (someone posted on a TewksburyResidents FB group that they’d noticed quality at Oakdale going WAY down - spoiled gallons of milk, etc.) and stores to be closed.
Market Basket has become really important to our household budget and it’s gonna sting if the price, quality, and selection take a dive as I fear. We’ll be okay but I worry for people on tighter budgets. Cost of living in this region is high enough overall and MB prices do make a difference.
I’ll be VERY interested to see the mood of the store employees tonight…have to stop by the Oakdale store to pick up a couple of things.
One of my coworkers’ wives just started working in their headquarters last year; said the mood of the main office has been bad - rules on what personal items you could have your desk, little to no holiday decorations, etc. (very similar to the movie “9 to 5”) Not sure if those were Artie T. rules or other internal management’s rules, but based on the fact that Artie T. was always recognizing a MB staff members’ loss of a family member by attending wakes or funerals, recognizing a MB staff member’s child’s birth, etc., I have to believe it came from elsewhere.
Well, I know what my mood is. And it’s not sunny. I don’t live near a Market Basket but shop there every couple of weeks. Prices and atmosphere are worth the drive. So much so that I let my Costco membership lapse.
This is a big blow and deeply maddening; once again private equity ruining something that was beloved by many in the name of greed. In these economic times especially, having been able to shop there was a relief. Cheaper than Shaw’s, Stop & Shop and often better all around. I’m really bummed I need to boycott them now
Rats, I was planning on a big shop at my local MB (Burlington) this weekend as I haven’t really shopped post-vacation. Are you all boycotting? I’ll do whatever the Onions, far wiser than me, advise. I’m torn!
I’d like there to be a New England-wide boycott, but as noted earlier in the thread, I think the times being what they are financially for so many, people can’t afford to NOT shop at MB (even with Shaws and S&S lowering some prices). I was in there on Wednesday evening, but there was no store management in my quick trip to produce, bread, and rotisserie chicken that I could see and speak with. Not that I’d expect them to be talkative about what had just happened to Artie T.