gameboy

North Andover, MA

#223 Jan 21, 2011
Will,after reading that article in SN I hope that they offer an early retirement to Shaws employees soon.I may take them up on the offer!!!
It gets more depressing every day. I went to the new Market basket in Salem N.H. the other day and all I can say is WOW!!How embarrasing to go into my store the next day after seeing that place.
will

Gray, ME

#224 Jan 22, 2011
It appears from Shaw's Facebook page that their customer base is top-heavy with extreme couponers and other deal-seekers:

http://www.facebook.com/Shaws

It isn't all roses at Market Basket, either; their Manchester project is running well behind schedule, plus their Seabrook and Stratham projects are on indefinite hold.

Since: Jan 11

Danvers, MA

#225 Jan 22, 2011
gameboy wrote:
Will,after reading that article in SN I hope that they offer an early retirement to Shaws employees soon.I may take them up on the offer!!!
It gets more depressing every day. I went to the new Market basket in Salem N.H. the other day and all I can say is WOW!!How embarrasing to go into my store the next day after seeing that place.
I would also take a package if offered. I would have before and let someone take my job. This has been awful for those of us left behind.

Since: Jan 11

Danvers, MA

#226 Jan 26, 2011
I heard 5 more stores closing. Anyone hear anything like that?
Ripley699

North Woodstock, NH

#227 Jan 26, 2011
Tim AD wrote:
I heard 5 more stores closing. Anyone hear anything like that?
Yes: 3 in Mass and 2 in R.I. are those the stores you are referring to ?

Since: Jan 11

Danvers, MA

#228 Jan 27, 2011
Yes, Any idea who?
ripley699

North Woodstock, NH

#229 Jan 28, 2011
Tim AD wrote:
Yes, Any idea who?
yes they are all Shaws
gameboy

North Andover, MA

#230 Jan 29, 2011
Latest that I heard is that Wegmans offered Supervalu 680 million for the entire Shaws chain but Supervalu said no way . They want 1 billion and not one cent less. Any comments on this???

Since: Jan 11

Danvers, MA

#231 Jan 30, 2011
I didnt hear that Gameboy but it does not surprise me. Supervalu seems to be sticking to the 1 billion but I dont know who would be willing to pay that. I read it is only worth 700 to 800 million. I just dont see how they can keep running the business as they are right now. If they dont sell I would imagine they will just keep closing stores. Even the ones making money are still way down as far as customer volume.
Lisa

Concord, NH

#232 Jan 30, 2011
I was surprised this past weekend that there were not more people at my local Shaws. They had a good Cat deal going on and some good deals on soda. I thought for sure that the store would be loaded with shoppers, but sadly it was the same as it has been on Sat. mornings with 2 registers open and no lines. I hope that it's not too late for Shaws to pull out of this funk that Supervalu put them in.
robert

Milford, MA

#233 Jan 30, 2011
Supervalu can stick to the billion dollar mark but any one who knows business can see they won't get it. Their stock has fallen to $7.38. They owe billions and the shareholders won't sit back and watch their shares go down down down. The wall street journal did a report on supervalu trying to sell shaws.( http://blogs.wsj.com/deals/2010/12/20/breakin... ) You can't keep closing stores and dragging the shaws name down and expect someone to pay one billion dollars.
Last time I checked Dr. Evil doesn't run supervalu.

Since: May 07

Stockbridge Mass

#235 Feb 4, 2011
gameboy wrote:
Latest that I heard is that Wegmans offered Supervalu 680 million for the entire Shaws chain but Supervalu said no way . They want 1 billion and not one cent less. Any comments on this???
While your numbers might be right ...it wasn't Wegmans, maybe Hannaford but Wgmans can not afford anything the size of Shaws or that price right now.
will

Bangor, ME

#236 Feb 4, 2011
Hannaford would have to dispose of most of the Shaw's locations in Northern New England in order to pass regulatory muster, and you can be sure that DOJ would force Delhaize to sell those stores to a competitor. In other words, too messy. Shaw's will either be sold piecemeal to various operators already in the region or to a single entity, probably private equity. However, for a single operator to be successful Supervalu would have to settle on a price that allows an operator to put money into the stores and operate on a cost basis closer to Hannaford and Market Basket.

Wegmans has enough on its plate with organic growth to get involved in a risky turnaround play. Other family-owned operators like Price Chopper and Big Y are on the acquisition trail, but not for anything on the scale of a Shaw's buyout.
gameboy

North Andover, MA

#237 Feb 10, 2011
I heard some news today from a good source.
10 more stores will be closed soon (gloucesters ipswich,peabody )I think the salem n.h. store is doing around 250,000 since the new Market Basket opened a month ago across the street. These Massachusetts stores were put in the New Hampshire market area last time there was a realignment. I also heard that they are going to eliminate all assistant department manager positions. It is costing Supervalu 4 million dollars to fly all of the managers out to Minnesota on March the 6th, I don't think this will be a meeting on how great we are doing as a company. New fiscal year in a few weeks,It wont get off to a good start!!!

Since: Jan 11

Danvers, MA

#238 Feb 11, 2011
Interesting....When is all this supposed to happen? I can see all those stores closing and more. I cant imagine them staying open with the customer counts we have right now. I happen to see some coffee prices go up twice this week. it's just a matter of time. the sooner the better as far as I am concerned. I work in one of those stores and it just gets worse and worse....
gameboy

North Andover, MA

#239 Feb 11, 2011
Letter from Larry today(you know the generic one that says we are constantly looking for was to streamline our operations yada yada yada) 24 store support positions to be eliminated at Shaws. Do not know what these positions are. Could be as high as Market area directors or people left in Bridgewater offices. I am sure there are MANY more to come.What an exciting time at Shaws!!!! I can't wait for the new fiscal year. Please offer buyouts to associates with 30 or more years. I bet you could really streamline the business that way.

Since: Jan 11

Danvers, MA

#240 Feb 12, 2011
I wish they would have offered us packages when they did so for Store managers. I know myself and others who would have jumped at it. Ya, Exciting times at Shaws Lol!
robert

Milford, MA

#241 Feb 12, 2011
gameboy wrote:
I also heard that they are going to eliminate all assistant department manager positions.
This is something they can't do in the union stores because it is in the contract.
Not to say that they always follow the contract...

Since: Jan 11

Danvers, MA

#242 Feb 12, 2011
How many union stores are left? I dont believe NH or VT and northern Mass are union.

Since: May 07

Stockbridge Mass

#243 Feb 13, 2011
.....that"s all this is about dumping the Unions but no Company has ever lowerd it's pricies after getting rid of the Unions.

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