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Tuesday, March 30, 2010

Bigg's to close


Market Watch:
Cincinnati based Bigg's will close 5 hypermarkets and sell the remaining 6 large supermarkets to local Remke Markets. Bigg's, which some have described as a more upscale Walmart Supercenter selling everything from fresh produce to apparel, had around a 5% grocery market share in 2009 in the Cincy area, falling behind hometown giant Kroger and WM. Supervalu Corp, which owns biggs, ostensibly is selling the chain for cash given their relatively large debt ever since the Albertsons acquisition, but this also signifies that the Biggs supercenters were probably not as competitive with Walmarts and the like...
I'm sure many will miss you, bigg's!

2 comments:

  1. This is disheartening: the last 1980s-era "hypermarket" has died. Too bad: they opened in two malls, hoping to strike big.

    ReplyDelete

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