Market Basket

[retailisking]

Bedford Market Basket will open May 9
http://www.unionleader.com/article/20130502/NEWS02/130509866

[Joeg]

Please PLEASE come to CT!!!

[retailisking]

Rendering of the Biddeford, ME Market Basket, which reuses the former Lowe's


The blurb from the Torphy Construction site:

"Market Basket has turned to TCD to construct their newest flagship store in Biddeford, Maine. The project involves converting a 139,000 sq ft former Lowe's building into a 106,000 sq ft supermarket and a 19,000 sq ft tenant space. Demolition of more than 800 feet of exterior wall and 55,000 sq ft of existing slab on grade is currently underway.  It will be followed closely by reconstruction of the exterior walls, installation of more than one mile of refrigeration lines under the slab and fit up for the new supermarket. The store will be one of the largest in the Market Basket chain and the first in the State of Maine."

http://www.torphyconstruction.com/news/TorphyConstructionNEWS.html

[Zayre88]

Can't wait for Biddeford to open!  I hope it will pave the way for more Maine locations!

Meanwhile Bedford is open in NH.

MB is on a roll : http://www.nashuatelegraph.com/news/1003715-469/as-supermarkets-face-tough-times-market-basket.html

[retailisking]

Can't wait for Biddeford to open!  I hope it will pave the way for more Maine locations!

Meanwhile Bedford is open in NH.

MB is on a roll : http://www.nashuatelegraph.com/news/1003715-469/as-supermarkets-face-tough-times-market-basket.html

Here's some more opening day coverage from Bedford:
http://bedford-nh.patch.com/articles/never-fear-market-basket-is-here
http://bedford-nh.patch.com/articles/little-parking-plenty-of-cheer-as-market-basket-opens-its-doors-to-bedford
http://www.unionleader.com/article/20130509/NEWS02/130509153
http://www.nashuatelegraph.com/business/1003901-464/opening-of-new-market-basket-in-bedford.html

[Zayre88]

Judge rules against Hannaford
http://www.conwaydailysun.com/index.php/newsx/local-news/107022-judge-rules-against-hannaford

Does it hurt Hannaford's reputation?  Always being against any competition that wants to com by or expand.  Consumers that know Market Basket is cheaper must not like Hannaford's persistent fights against competition.

[JimSawhill]

Judge rules against Hannaford
http://www.conwaydailysun.com/index.php/newsx/local-news/107022-judge-rules-against-hannaford

Yea... I just hope it'll expand south into CT...

[retailisking]

Does it hurt Hannaford's reputation?  Always being against any competition that wants to com by or expand.  Consumers that know Market Basket is cheaper must not like Hannaford's persistent fights against competition.

Thanks to social media, dirty tricks don't stay below the radar like they used to. Hannaford's reputation is definitely taking a beating.

[retailisking]

This and a number of other recent stories also have the Biddeford, ME store opening this summer.
http://www.telegram.com/article/20130513/NEWS/105139897/1237

[retailisking]

The Basket to open a store near the Northborough Wegmans - should they be concerned?
http://marlborough.patch.com/articles/will-marlborough-flock-to-market-basket

[retailisking]

http://bangordailynews.com/2013/05/18/news/portland/new-biddeford-supermarket-market-basket-starts-hiring-300-workers/

[Zayre88]

http://bangordailynews.com/2013/05/18/news/portland/new-biddeford-supermarket-market-basket-starts-hiring-300-workers/

I like this: "Although the Biddeford store is the first to open in Maine, “I’m sure it won’t be our last,” said McLean."

[retailisking]

http://bangordailynews.com/2013/05/18/news/portland/new-biddeford-supermarket-market-basket-starts-hiring-300-workers/

I like this: "Although the Biddeford store is the first to open in Maine, “I’m sure it won’t be our last,” said McLean."

There's certainly a lot of underutilized big box retail space in Maine. The Kmart in Auburn and the Lowe's in Windham spring to mind. The section of Payne Road in Scarborough by Cabela's could use a real shot in the arm, too.

[Zayre88]

http://bangordailynews.com/2013/05/18/news/portland/new-biddeford-supermarket-market-basket-starts-hiring-300-workers/

I like this: "Although the Biddeford store is the first to open in Maine, “I’m sure it won’t be our last,” said McLean."

There's certainly a lot of underutilized big box retail space in Maine. The Kmart in Auburn and the Lowe's in Windham spring to mind. The section of Payne Road in Scarborough by Cabela's could use a real shot in the arm, too.

Yes.  Will Biddeford be the first Market Basket in a big box shopping center?  I haven't seen them all but they usually are in smaller traditional strip centers.

Kmart or the former Home Depot in Bangor would be nice.  There is a spot for a Stop & Ship at the Augusta Crossing.  We all know that Stop & Shop gave up on Maine so MB could jump in. In Lewiston there is the former Sears.

[ynkeesfn82]

They are really expanding fast and furious. I hope they don't expand themselves out of business.

[retailisking]

With the amount of business they're doing, they have enormous cash flow and a huge cash hoard. The only limiting factor for them is their distribution center capacity, which will keep their expansion at a manageable pace. They appear to have the management depth to handle the pace of expansion they have undertaken, which is a key advantage over Wegmans. MB will be well-positioned to pick up the pieces when Shaw's does the inevitable mass closures under Cerberus.

[retailisking]

This older, smaller store was the odd store out as MB prepares to open just up Amherst Street in the old Sears Essentials in Somerset Plaza (which Market Basket's real estate arm owns.) This would be, IIRC, only the second MB store to close in the chain's history.
http://www.nashuatelegraph.com/business/1007857-464/one-nashua-market-basket-slated-to-close.html

[Zayre88]

This older, smaller store was the odd store out as MB prepares to open just up Amherst Street in the old Sears Essentials in Somerset Plaza (which Market Basket's real estate arm owns.) This would be, IIRC, only the second MB store to close in the chain's history.
http://www.nashuatelegraph.com/business/1007857-464/one-nashua-market-basket-slated-to-close.html

They had to renovate it or close. 

Keeping a large brand new store that close to an older smaller one would not have been good for the second store.

Wonder what will happen in Seabrook where two stores are also very close and only one is large and more recently renovated.

[d_fife]

http://bangordailynews.com/2013/05/18/news/portland/new-biddeford-supermarket-market-basket-starts-hiring-300-workers/

I like this: "Although the Biddeford store is the first to open in Maine, “I’m sure it won’t be our last,” said McLean."

There's certainly a lot of underutilized big box retail space in Maine. The Kmart in Auburn and the Lowe's in Windham spring to mind. The section of Payne Road in Scarborough by Cabela's could use a real shot in the arm, too.

Yes.  Will Biddeford be the first Market Basket in a big box shopping center?  I haven't seen them all but they usually are in smaller traditional strip centers.

Kmart or the former Home Depot in Bangor would be nice.  There is a spot for a Stop & Ship at the Augusta Crossing.  We all know that Stop & Shop gave up on Maine so MB could jump in. In Lewiston there is the former Sears.

why did you say Kmart?

[Zayre88]

why did you say Kmart?

Kmart(Sears) appears to be ready to sell any of their leases to the highest bidder or to close stores whenever a lease ends.

Is Market Basket is ever interested in moving to Bangor, that space could be a prime spot for them and maybe if they place a offer, Kmart will take the money and run! 

[d_fife]

why did you say Kmart?

Kmart(Sears) appears to be ready to sell any of their leases to the highest bidder or to close stores whenever a lease ends.

Is Market Basket is ever interested in moving to Bangor, that space could be a prime spot for them and maybe if they place a offer, Kmart will take the money and run! 

unlikely. Kmart has renewaed leases before.

[retailisking]

why did you say Kmart?

Kmart(Sears) appears to be ready to sell any of their leases to the highest bidder or to close stores whenever a lease ends.

Is Market Basket is ever interested in moving to Bangor, that space could be a prime spot for them and maybe if they place a offer, Kmart will take the money and run!  

unlikely. Kmart has renewaed leases before.

Bangor is pushing it, unless they develop their distribution infrastructure. Auburn or Augusta is about as far north as they could go at this point, I think.

[retailisking]

The other Nashua shoe drops...
http://www.nashuatelegraph.com/news/1008266-469/market-basket-to-close-saturday-at-somerset.html

[retailisking]

http://www.nashuatelegraph.com/news/1008876-469/newest-market-basket-a-hit-in-nashua.html
http://www.unionleader.com/article/20130624/NEWS02/130629644

[Zayre88]

http://www.nashuatelegraph.com/news/1008876-469/newest-market-basket-a-hit-in-nashua.html
http://www.unionleader.com/article/20130624/NEWS02/130629644

Thanks for all the updates on MB

[Zayre88]

Any official opening date for Biddeford?

That was the store in May:


Source: http://bangordailynews.com/2013/05/18/news/portland/new-biddeford-supermarket-market-basket-starts-hiring-300-workers

[retailisking]

Any official opening date for Biddeford?

That was the store in May:


Source: http://bangordailynews.com/2013/05/18/news/portland/new-biddeford-supermarket-market-basket-starts-hiring-300-workers

Edit:
The latest I've heard is that it'll be open by the end of August.

[retailisking]

The enlargement of the Rochester, NH Market Basket can proceed now that the water and sewer grant has come through
http://www.fosters.com/apps/pbcs.dll/article?AID=/20130704/GJNEWS_01/130709661

[retailisking]

The greatest threat to Market Basket has never been rival supermarkets or Walmart or warehouse stores but the Demoulas family itself.

This could get ugly...they may have to sell if they need to finance a $1.5B payout
http://www.bostonglobe.com/business/2013/07/10/market-basket-ceo-faces-vote-ouster/89zgtM64Z4Swd8n4oe50tK/story.html

And the Globe follows up with this:
http://www.bostonglobe.com/business/2013/07/11/latest-market-basket-battle-ceo-faces-revolt-led-his-cousin/GGvTeDG067xE5LKmFjWMRM/story.html

And the hometown paper has this:
http://www.lowellsun.com/news/ci_23643598/market-basket-ceo-warns-his-ouster-could-forever

Supermarket News weighs in:
http://supermarketnews.com/retail-amp-financial/demoulas-ceo-facing-board-challenge

[retailisking]

There's enough alarm about the board meeting that a petition has been started by concerned customers and associates
http://www.thepetitionsite.com/137/178/861/save-market-basket/#678094988?taf~sep~id=9724625&cid=fb~sep~na%23bbfb=678094988

The Nashua Telegraph is covering it here:
http://www.nashuatelegraph.com/business/1010541-464/demoulas-family-members-still-fighting-in-court.html

The petition is already having an impact
http://www.lowellsun.com/ci_23654609/thousands-rallying-behind-market-basket-ceo

Edit 7/18/13: Here's an aerial photo showing some of the crowd of hundreds of Market Basket employees and other MB supporters outside the hotel where the board is meeting today:


Arthur T. appears to have prevailed, for now
http://www.lowellsun.com/news/ci_23684614/strong-show-support-arthur-t-demoulas-at-meeting