IBJNews

Marsh to shut down 8 stores by end of month

Back to TopCommentsE-mailPrintBookmark and Share

Marsh Supermarkets Inc. on Thursday morning announced to employees that it will close eight stores, including five in the Indianapolis area, by the end of the month.

The Indianapolis closings are at 2802 Lafayette Road and 5249 E. Thompson Road, and at 6121 Crawfordsville Road in Speedway.

Locations in nearby Franklin and Lebanon also will shut their doors. Two stores in Muncie will close.

In addition, a store in Franklin, Ohio, will close.

“Customers have spoken and we are reacting to the realities of the markets and making difficult decisions to address the long-term health of the company,” Marsh said in a prepared statement. “This action is the first part of a three-year plan we are implementing this year to position Marsh Supermarkets for growth and profitability. Our strategy is to remodel, rebuild and re-banner our properties.”

Competition is fierce in the grocery business everywhere, as discounters such as Walmart continue to siphon off customers, and specialty grocers such as Whole Foods gain market share.

Marsh is operated by Florida-based Sun Capital Partners, which bought the locally based supermarket chain in 2006. It hired an investment adviser and solicited offers in 2009 to sell the company, but got no takers.

Marsh said in the statement that it is working with employees affected by the closings and, when possible, will place them elsewhere in the company. Employees unable to be placed will receive a severance package. It was not immediately clear how many employees would be affected.

Following the closings, Marsh will operate 78 stores in Indiana and Ohio.

Closing such a large amount of stores at one time is unusual for Marsh.

In 2011, it closed three locations in one month. They were in Connersville, Rushville and Shelbyville.
 

ADVERTISEMENT

  • Marsh and VP
    Marsh does not currently own Village Pantry, though both are owned by Sun Capital.
  • Marsh
    Don Marsh ruined the Marsh brand by using the corporation as his personal piggy-bank to fund his perversions.
  • Marsh has gone downhill
    Went to Marsh a couple weeks ago at 62nd and Keystone. The lettuce was all wilted and their roma tomatoes were $1.99/lb. Left and went to Kroger and the lettuce there (and at Walmart) were very fresh and the roma tomatoes at Kroger were a buck/lb cheaper! Hate buying produce at Marsh.
  • Giant Eagle
    I used to work for Giant Eagle. When Marsh first announced they were selling years back I thought Giant Eagle would purchase. Now with Giant Eagle opening some stores locally I suspect, if current Marsh owners want to sell, that Giant Eagle might step forward. Giant Eagle is pretty well run, large with capital, and will probably be welcome addition locally. My family used to to shop almost exclusively at Marsh, but after their purchase and the changes that followed we rarely visit.
  • Correct me if I am wrong, JBindy...
    but I do not believe the VP stores were sold when Marsh was. I think they were seperated at that time.
  • They have two pieces a chain needs to grow
    A supermarket and a gas/c store chain in village Pantry. Which means less land purchases for new locations.
    • You are so right!
      Yes, Giant Eagle is gathering at the gates - and they will be formidable. They are very well run and popular with their customer base, particularly young adults. When I heard they had plans to put stores in Indianapolis I could not help but imagine the impact on Marsh. They are very nice stores.
      • Remodel?
        If they wan to remodel they should start with the Marsh in Irvington. It hasn't been touched in decades.
      • Here comes Giant Eagle
        This is just the start. Finding a good mix of 50-60 stores to purchase here. Just waiting for big announcement

        Post a comment to this story

        COMMENTS POLICY
        We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
         
        You are legally responsible for what you post and your anonymity is not guaranteed.
         
        Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
         
        No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
         
        We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
         

        Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

        Sponsored by
        ADVERTISEMENT

        facebook - twitter on Facebook & Twitter

        Follow on TwitterFollow IBJ on Facebook:
        Follow on TwitterFollow IBJ's Tweets on these topics:
         
        Subscribe to IBJ
        1. Great article and post scripts by Mike L (Great addition to IBJ BTW). Bobby's stubborn as a mule, and doubt if he ever comes back to IU. But the love he would receive would be enormous. Hope he shows some time, but not counting on it.

        2. When the Indiana GOP was going around the State selling the Voucher bill they were promising people that the vouchers would only be for public charter schools. They lied. As usual.

        3. I am Mr. Morris Ray, a Legitimate And a Reputable money Lender. We lend funds out to individuals in need of financial assistance, we give loan to people that have a bad credit or in need of money to pay bills, to invest on business. Have you been looking for loan? you have not to worry, because you are in the right place i offer loan at low interest rate of 2% so if you are in need of a loan i want you to just contact me via this email Address: morris_ray123@outlook.com

        4. Jim, your "misleading" numbers comment is spot on. This is the spin these posers are putting on it. News flash, fans: these guys lie. They are not publicly traded so no one holds them accountable for anything they say. The TV numbers are so miniscule to begin with any "increase" produces double digit "growth" numbers. It's ridiculous to think that anything these guys have done has awakened the marketplace. What have they done? Consolidate the season so they run more races on consecutive weekends? And this creates "momentum." Is that the same momentum you enjoy when you don't race between August and March? Keep in mind that you are running teams who barely make ends meet ragged over the summer to accomplish this brilliant strategy of avoiding the NFL while you run your season finale at midnight on the East Coast. But I should not obfuscate my own point: any "ratings increase" is exactly what Jim points to - the increased availability of NBC Sports in households. Look fans, I love the sport to but these posers are running it off a cliff. Miles wants to declare victory and then run for Mayor. I could go on and on but bottom line for God's sake don't believe a word they say. Note to Anthony - try doing just a little research instead of reporting what these pretenders say and then offering an "opinion" no more informed than the average fan.

        5. If he's finally planning to do the right thing and resign, why not do it before the election? Waiting until after means what - s special election at tax payer expense? Appointment (by whom?) thus robbing the voters of their chance to choose? Does he accrue some additional financial advantage to waiting, like extra pension payments? What's in it for him? That's the question that needs to be asked.

        ADVERTISEMENT