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48°
Tuesday, dec 17
Tag:
US Grocery Market
Business
Forbes: Retailer That Bought Vacant Bergenfield
Acme
Has Stellar Rep, Horrific Biz Plan
A German global discount supermarket chain that purchased a long-vacant ACME in North Jersey has a stellar reputation with a business plan that's anything but, according to a recent report. Lidl -- which closed a deal on Bergenfield's former ACME market earlier this week -- had plans to open nearly 100 stores between Summer 2017 and Summer 2018. As of July of this year, the retailer had opened barely half of that, Forbes reports. Senior grocery executives were reportedly shocked by how the retailer, with more than 10,500 stores in nearly 30 countries, could have such a poor design strategy …