Marsh exit strategy: Sell individual stores?
Struggling Marsh Supermarkets’ best bet at this point would be to close underperforming stores and find buyers for its most profitable ones, industry experts say.
Struggling Marsh Supermarkets’ best bet at this point would be to close underperforming stores and find buyers for its most profitable ones, industry experts say.
Debuting Wednesday, the 120,000-square-foot store emphasizes prepared foods, even offering a cafe and full-service restaurant.
After a drawn-out battle with the town of Cumberland, Giant Eagle said that it won’t pursue plans to demolish the St. John United Church of Christ to build a gas station and convenience store on the property.
Ben Hunter, who represents the district where the church faces demolition, said he doesn’t plan to challenge the rezoning of the property. The full council is expected to vote on the matter Monday evening.
Giant Eagle Inc. said it plans to hire more than 500 workers to work at the massive Market District grocery store it is building in Carmel.
Members of the Metropolitan Development Commission voted 4-2 Wednesday to let Giant Eagle Inc. pursue its plan to demolish a historic church and build a gas station and convenience store in the town of Cumberland.
Town officials have contacted more than 50 developers to gauge their interest in saving the century-old building, which is in danger of being demolished to make way for a service station.
The town is appealing a decision that helps pave the way for a convenience store to be built where a historic church now sits and has hired a top real estate attorney to argue its case.
Plans to build a gas station and convenience store on the site of the historic church received a positive recommendation Thursday, moving the matter to the Metropolitan Development Commission next month.
Local preservationists are rallying to save the 101-year-old church from being razed to make way for a gas station and convenience store. Its congregation wants to start fresh in a new facility.
The Indianapolis area’s competitive grocery market is becoming even more crowded with the arrival of additional specialty stores catering to the upscale crowd.
The south side is beginning to receive at least some attention from grocery players, including specialty ones that are much more prevalent to the north.
The Pittsburgh-based supermarket officially announced that it will build a Market District grocery store in the development, along with a GetGo convenience store and fuel station. The stores should open in 2015.
Because Pittsburgh-based Giant Eagle wants to enter the Indianapolis market, you'd think it would initiate discussions to buy Marsh Supermarkets, which has been hanging a for-sale banner for years. But a Giant Eagle spokesman said there have been no discussions.
A major supermarket chain is hoping to expand into the Indianapolis market, starting with an anchor position in a mixed-use project under construction in Carmel.