Randalls shuttering 15 Houston stores
Instead of selling the chain, Randalls has decided to close some stores:
Safeway said this morning that it will close 15 struggling Randalls stores in the Houston area by the end of the year.
Safeway, the owner of Randalls for the last six years, said 36 Randalls stores will remain open in the Houston area.
Outside of Houston, Safeway also plans to shut 11 other stores in its Texas division, which is made up of 138 Randalls and Tom Thumb stores.
Since the beginning of the year, industry publications have speculated Randalls might close or sell underperforming stores, or even try to sell the chain. The Pleasanton, Calif.-based grocer is focusing its efforts on its "lifestyle remodel" program that includes the introduction of more upscale products to compete against lower-priced rivals such as Wal-Mart.
We have a nice Randalls near us that I shop at occasionally, although for everyday items I usually go to Walmart.
via Laurence who has a nickname for his Randalls.
Posted by Anne Linehan @ 10/18/05 04:10 PM | Print |
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