Price Cutter to purchase Albertson's stores

[MichaelC]

From KTUL

quote:Tulsa - Price Cutter parent, Springfield, Missouri-based RPCS, Inc., announced plans to acquire a dozen Albertson's locations, including nine supermarkets and three convenience stores in the Tulsa area.

The supermarkets that will be purchased include locations at 51st and Harvard, 81st and Yale, 51st and Memorial, 39th and Peoria, 101st and Memorial, and 71st and Garnett in Tulsa as well as locations Bartlesville, Ponca City and Stillwater.

The first site will be acquired on July 23rd and name changes and re-branding will follow.

"Since 1919, we have been building a family of supermarkets, employees and customers in southwest Missouri and we could not be more excited to extend that family into Oklahoma," says RPCS President and CEO Erick Taylor. "As an employee-owned company, we are 100-percent dedicated to our staff and the communities that they call home."

RPCS, Inc. operates 34 grocery stores, 19 in-store pharmacies, ten Starbucks and three restaurants.

The move comes on the same day Edmond-based Homeland, Inc. announced plans to purchase seven Albertson's locations.

[sgrizzle]

Correct me if I'm wrong but I think that is every currently open albertson's in NE oklahoma.

I wish they would reopen the Broken arrow, pine st, etc locations.

[MichaelC]

I also noticed, Homeland is buying a bunch of Albertson's in OKC.  The Albertson's giant might be retreating from Oklahoma.

[sportyart]

quote:Originally posted by sgrizzle

Correct me if I'm wrong but I think that is every currently open albertson's in NE oklahoma.

I wish they would reopen the Broken arrow, pine st, etc locations.

Your right those are all the open ones.....

[tulsa1603]

quote:Originally posted by sportyart

quote:Originally posted by sgrizzle

Correct me if I'm wrong but I think that is every currently open albertson's in NE oklahoma.

I wish they would reopen the Broken arrow, pine st, etc locations.

Your right those are all the open ones.....

Doesn't include 15th and Lewis, the one on Pine, or Owasso in that list...

[Conan71]

Unless they closed it last night, the one I shop at is 15th & Lewis.

What's up with all the Albertson's sell-off?  Didn't they recently buy up a pharmacy chain, or was it the other way around?

[sgrizzle]

I think albertson's wasn't albertson's anymore anyway. A conglomerate purchased them and shut down the vacant stores. Nice to see they did so much to the stores they kept.

[grahambino]

quote:Originally posted by sgrizzle

I think albertson's wasn't albertson's anymore anyway. A conglomerate purchased them and shut down the vacant stores. Nice to see they did so much to the stores they kept.

albertson's was bought out by a PE firm, Cerberus.  would you expect private equity to spend any extra money?  Their primary concern is to cut costs anyway they can.

[MichaelC]

From Tulsa World's "Breaking News".

quote:Albertsons leaving Oklahoma    (3:17 PM)
The Albertsons grocery chain has announced it is leaving the Oklahoma market, selling most of its stores and closing three, including the store at Pine Street and Peoria Avenue, and another in Owasso.

[Conan71]

Anyone remember the sign shuffle at the Albertson's at 51st & Harvard back in the late '70's early '80's.

Started out as Skaggs, then Skaggs Alpha-Beta, then Albertson's.

Did I miss any other store titles there?

[MichaelC]

quote:Originally posted by Conan71

Did I miss any other store titles there?

Jewel-Osco

Actually, is was Jewel in between 2 times it was Albertson's.  It's all part of the same company.

[bokworker]

I have a daughter that goes to school at MSU in Springfield. Price Cutter is a major sponsor of numerous civic events there. As such, I believe they will be a much better corporate citizen than Albertson's ever was.....

[sportyart]

Didn't the city help pay and build the one that's on Pine or was that just a Tiff?

[marc]

quote:Originally posted by sgrizzle

Correct me if I'm wrong but I think that is every currently open albertson's in NE oklahoma.

I wish they would reopen the Broken arrow, pine st, etc locations.

There's one still open down in Muskogee too, but I am sure it will be changing hands soon as well.

[AMP]

Grocery business in this area is a struggle at the least.  Most operate at a very low margin and have a small amount of gainfull profit at years end.  I would imagine their electric bill is astronomical with the high energy costs today.  

David and Goliath

The new cultural and new organic stores took a percentage of the customer base of many locations of super markets, which equaled a certain amount of their sales revenue, which appears to be equal to or perhaps more than what the total profit margin was at those stores as they chose to close them.

Apparently there were more stores than what the market would support, otherwise they would be operating still today.  And the smaller target market stores sucked the Hispanic and Asian buyers awary from the Super Markets, thus killing them off by causing enough loss of revenue flow through their registers to sink their giant high overhead ships.    

Wish anyone with the ambition to attempt to revive a location that failed previously best of luck, but reality and past history plainly points to another failure.  Just look at the attempt to revive the grocery store location at 15th and Lewis.  Aldi had some great deals and the best potato chips.

Unless the payroll increases and more people are gainfully employed in an area, I don't see the revival of these empty box buildings returning anytime soon.  

May find a company that is unaware of the situation (AKA Sucker) in Tulsa coming in thinking they are getting a super deal on the realestate and plans to cut a fat hog at the end of the day, but most find the sales numbers to be low and only last until tax time or the accounting firm raises a Red Flag on the deal.

I shop at Warehouse Market 3rd street location, and sometimes at Albertson's 15th & Lewis and Reasors cross from Expo Square.  Perry's for meats and the dollar stores for general goods.