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Martins food market to sell richmond area stores

Posted: 21 Mar 2016 02:20 PM PDT

Martin's reportedly selling its 19 stores in the Richmond area as part of merger - Richmond Area Business News - Richmond, Va., News, Entertainment, Events, Food, Dining, Sports, Business and Commentary

I am possibly out side of the range but there is two foodlions and one martins in my town. I knew they would close something with this merger.

Martins closing or selling richmond area stores

Posted: 21 Mar 2016 02:02 PM PDT

http://m.richmond.com/business/local....html?mode=jqm

The Martin's Food Markets stores in the Richmond region likely will be sold or closed this year as part of a planned merger its parent company is pursuing with the owner of Food Lion, according to an industry trade publication.


The combined companies are offering 83 stores for sale, including 19 Martin's stores in the Richmond area, Maryland-based industry publication Food World reported this morning on its website, citing a list it had obtained.

The sale of the stores would be needed to satisfy federal regulators so Dutch retail conglomerate Royal Ahold NV - which operates U.S. supermarket chains Martin's, Giant and Stop & Shop - can combine this year with its Belgian counterpart Delhaize Group, which owns Food Lion stores. Shareholders of both companies approved the merger deal last week.

"If they don't sell them, my prediction is they will close them," said Jeffrey W. Metzger, publisher of Food World.

The possible buyers: Kroger Co., the Ohio-based chain that continues to gain market share by opening or remodeling stores in the Richmond area; or Publix Super Markets Inc., the Florida-based chain that announced in early February that it had signed a lease for a 49,000-square-foot store in western Henrico County that would open sometime in 2018.

"This makes a lot of sense for Publix or Kroger to be the two most likely buyers," Metzger said. "For Kroger, it allows them to fill in areas that they currently don't occupy in the Richmond market. For Publix, it allows them to beef up their entry in the market."

Publix, the nation's largest employee-owned grocery chain, typically grows organically by opening one or two stores in a market at a time.

"This has not been the usual path for Publix, but this is a very unusual opportunity for Publix," Metzger said.

What's also unusual is that Ahold apparently has decided to put all of its Martin's stores in the Richmond area up for sale rather than Delhaize's Food Lion stores.

"If you look at the entire list, the overwhelming banner that they are attempting to remove where there is overlap is Food Lion except in two areas - Richmond and Fredericksburg," he said. The list shows six Giant stores in the Fredericksburg area.

"My thinking is the bleeding is more intensive at Martin's and, related but separately, they believe they have a better chance of selling a Martin's store rather than a Food Lion store in the Richmond area."

Martin's, which entered the Richmond market in 2010 by buying the Ukrop's Super Market stores, holds the No. 1 spot in market share in the Richmond region, based on sales, according to the annual grocery market survey released last June by Food World. The company had 15.42 percent of the total market for the 12 months that ended March 31, 2015, generating estimated sales of $549.24 million at its 22 area stores.

Food Lion, with its 45 area stores, ranked third in the market with sales of $518.9 million, or 14.57 percent. It had ranked second last year.

A new market share report will be released in June.

But Martin's and Food Lion have been losing market share in recent years, Metzger said.

The Federal Trade Commission is reviewing the merger, Metzger said, but has not ruled yet. "It probably has been in discussions with Ahold and Delhaze about the overlaps. They (the chains) are being proactive with this list of stores."

The combined company has put out a list to possible buyers to gauge interest, he said. The next round would be to submit specific bids.

"The merger is currently under review by the Federal Trade Commission and remains on track for completion in mid-2016," said Christopher Brand, spokesman for Ahold USA. "As part of any merger approval process where there may be store divestitures, store visits may be conducted by potential buyers but it's too early to speculate on the outcome of the FTC review process."

The two chains are reportedly offering a combined 83 stores for sale in the Baltimore-Washington, Eastern Shore, Southern Pennsylvania, West Virginia, Lower Hudson Valley and Greater Boston markets, the Food World report said.

Martin's late last year announced that it would be closing three stores this summer - in the Stony Point Shopping Center off Huguenot Road in South Richmond, at 7324 Bell Creek Road in Hanover County and at 3330 South Crater Road in Petersburg. The company said the store closings were unrelated to the merger.

GAS and IS deals for 3/25-3/31

Posted: 21 Mar 2016 01:47 PM PDT

This is the New York Stop and Shop ad for 3/25-3/31.

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$2 off $10 today only Monday

Posted: 21 Mar 2016 01:01 PM PDT

I think the store coupon is only good today - $2 off a net $10 purchase

Unadvertised ClearCare contact solution deal

Posted: 21 Mar 2016 10:00 AM PDT

Just wanted to pass along a great unadvertised deal on Clear Care contact solution I found in my Cincinnati Meijer.

Clear Care 12 oz bottles $9.49 on sale for B1G50% until 3/26/16

Buy 2 use (2) $5.00 Clear Care IP (see below)

Pay $4.24 for both ($2.12 each!!!!)


www.clearcaresolution.com is offering a $5.00 off coupon when you sign up for Eyefile. It can be printed twice.

my 6$/6 purchase

Posted: 21 Mar 2016 08:57 AM PDT

Got a 6$/6$ purchase of clothing so I went and got a kids tee for my cousins bday 6.99 less 6$/6 & sywr paid .22 oop total! Woot woot

What's For Dinner At Your House? Monday, 3-21-16

Posted: 21 Mar 2016 04:34 AM PDT

What are your plans for dinner tonight?

Kmart Coupon Deals (03/20-03/26): FREE Easter Coloring Pages!

Posted: 21 Mar 2016 03:11 AM PDT

This Matchup was provided by Cuckoo for Coupon Deals a WUC Matchup Maven


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