Announcements

Job offersmore »






Specialsmore »

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




A+ | A-
US: Kroger to buy 20 Farmer Jack stores

The Kroger Co. today confirmed that it has reached an agreement to buy 20 Farmer Jack supermarkets.

Farmer Jack parent The Greater Atlantic & Pacific Tea Co., or A&P, previously announced it will sell or close its 66 Farmer Jack stores in southeastern Michigan on or before July 7.

The stores will become part of Kroger's Great Lakes division, based in Columbus, Ohio. With this purchase, Kroger will have 138 stores in Michigan.

The Farmer Jack stores will transition to Kroger in late June or early July, the company said.

The Farmer Jack stores included in the sale agreement are in Birmingham, Dearborn Heights, Dearborn (two stores), Northville, Hartland Township, St. Clair Shores, Hazel Park, Troy (three stores), Sterling Heights, Algonac, Grosse Pointe Woods, Roseville, Westland (two stores), Brownstown Township, Romeo and Imlay City. Some of the cities have more than one location.

Kroger expects to grant job interviews to most of the Farmer Jack employees now at the stores it is buying.

Terms of the deal, expected to close in July, were not disclosed.

"We are excited to welcome Farmer Jack customers into our family of Kroger stores," Bruce Macaulay, president of Kroger's Great Lakes division, said in a statement. "We look forward to continuing Farmer Jack's tradition of great customer service and quality stores as we expand in this market."

Kroger spokesman Dale Hollandsworth said he doesn't know what will happen to the other Farmer Jack stores but Kroger is anticipating a surge in business across the area.

"We continue to believe we're going to get the lion's share of these Farmer Jack customers and we need to be in a position to serve them," he said. "Our demographic profile is so similar, and our geographic locations are so similar."

New Jersey-based A&P, which acquired the Farmer Jack chain in 1989, announced plans this spring to unload it and concentrate on its Northeast operations. It set a July 7 target date for the stores to be closed or sold.

Source: detnews.com


Publication date: 6/21/2007


 


Receive the daily newsletter in your email for free | Click here


 

Other news in this sector: