Lucky's Market closing most of its stores, selling the rest

[retailisking]

This follows Kroger pulling financial support from the chain (subject modified to reflect new info)
https://progressivegrocer.com/luckys-closing-32-stores-laying-associates

[JimSawhill]

This follows Kroger pulling financial support from the chain
https://progressivegrocer.com/luckys-closing-32-stores-laying-associates

I wonder if Lucky's will last as long as Kmart (which been around since 1970) in Brandon. They tore down Kmart, to build a Lucky's and a Beall, but now will Lucky's even open.

[retailisking]

Lucky's has filed for bankruptcy and Aldi and Publix are suitors for several of their Florida leases
https://www.bizjournals.com/orlando/news/2020/01/27/confirmed-aldi-to-buy-6-luckys-market-locations-in.html

[retailisking]

Lucky's is selling off its seven remaining stores
https://www.sun-sentinel.com/business/fl-bz-luckys-keeping-seven-stores-open-to-sell-them-20200128-5fezltssyfc4verjkl47ru6yyq-story.html

[retailisking]

And the buyer is the founders (with some outside backing.) Still to be answered: how the widely-spaced stores can profitably operate
https://www.supermarketnews.com/retail-financial/lucky-s-market-founders-acquire-remaining-stores

[BillyGr]

And the buyer is the founders (with some outside backing.) Still to be answered: how the widely-spaced stores can profitably operate
https://www.supermarketnews.com/retail-financial/lucky-s-market-founders-acquire-remaining-stores

It was mentioned on another posting that when the founders owned it (before Kroger was involved), they had something like 17 stores spread over 13 states, so they have experience with the stores being scattered (and also pointed out that they had to be doing OK back then to get a big company like Kroger to be interested in getting involved with them).