Wednesday, February 20, 2013

Industry News: Decelerating

Magruder’s Supermarkets, which has operated food stores in the Washington, DC area for more than 130 years, will close some or all of its 5 stores shortly.  Magruder’s was founded in 1875, and for years was recognized as one of the region’s leading food discounters. It operated as many as 10 locations in 2005 but closed several in recent years…Delhaize Group closed 33 under-performing Sweetbay stores in Florida  as part of a broader reorganization plan. Sweetbay operates 72 stores after the closings…Dish Network, owner of Blockbuster, will shutter about 300 US stores in the coming weeks, leaving the chain with some 500 US locations. The closures will effect underperforming stores or those nearing the end of their lease. Specific locations have not been announced. Dish acquired Blockbuster and about 1,700 stores in a bankruptcy sale in 2011. It closed about 500 Blockbuster stores last year...Barnes & Noble will close a third of its stores in the next 10 years. As of January, the company operated 689 stores, and a separate division of 674 college book stores…Bob Evans Farms will sell its Mimi’s Café restaurant chain to LeDuff America for $50 million. LeDuff America, a subsidiary of French conglomerate Groupe LeDuff SA, will add the 145 Mimi’s units to its current portfolio of café-bakeries and coffee shops, including La Madeleine Country French Cafe, Brioche Doree, Bruegger's Bagels, Timothy's Coffee and Michel's Baguette. Bob Evans Farms will continue growth initiatives at Bob Evans Restaurants.

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