I don't expect Albertson's to make any capital improvements in the division. |
I don't want you to get the impression we strong-armed them. We just said it would not be a good career move. |
I never got to say goodbye to him, |
It's pretty standard for a new CEO to clean house, |
lifetime of pain and counseling. |
My gut feeling is they have no intention of operating supermarkets long-term. I think they want to preserve it the best they can while they're in the process of liquidating. |
Now it's a good time to leave the company, ... The stock price is up, and the company has spent all its money on acquisitions. Marshall has built a little house of cards that is about to fall. |
These people make some pretty high dollars, and they're usually 50 to 55 years old. It's not easy to get a new job paying that kind of money. |
These types of stores usually locate in an area where people have a higher education level, a higher median age and smaller family sizes. The community is usually wealthier and has discretionary income. |
This is still pretty new and I haven't seen retailer results. But if it was a really successful program, more retailers would open them and the larger players would open a lot more. |