Big Chains and Small Independents Lose
By George Anderson
Two separate articles tell the story of the grocery industry.
Eagle Food Centers out of Illinois reported a loss of 78 cents a share in the third quarter compared to a 10 cents loss last year.
In Ludlow Vermont, Clark’s IGA announced that it was going out of business.
Both Eagle Food Centers and Clark’s IGA blamed competition from larger operators as the reason behind their bad news.
Moderator’s Comment: What will the supermarket industry
look like in the years ahead?
A Wal-Mart, Wal-Mart Supercenter, Neighborhood Market
and/or Sam’s Club on every corner (or at least seem that way) until the attorney
generals of some states decide to go the anti-trust suit route.
Anderson – Moderator]