Market Basket doing pretty darn good, one year later.

[canoeist52]

Last edited Fri Jul 31, 2015, 04:07 PM - Edit history (1)

"Five new Market Basket stores have opened and three more are about to come on line. Store prices during the first six months of 2015 were, on average, about 16 percent lower than the competition’s, according to research firm Nielsen. Yet even with those lower prices, the company managed to distribute $129 million to employees in bonuses and profit-sharing. Its $4.8 billion in annual revenue projected for this year will be Market Basket’s biggest gross in its 98-year history."

http://www.telegram.com/article/20150731/NEWS/150739818/101363

[PoliticAverse]

1. Link to the article isn't working. n/t

[canoeist52]

3. Updated link.

[Paper Roses]

2. I am a Market Basket customer and love the store.

My local MB is smaller than the newer ones but provides far better prices than other local grocery stores.
I will, however, give praise to a fairly new market in my area. PriceRite. I drove by many times but did not stop.
Within the past 2 months, I made it a point to check this store. It is a slightly longer drive for me but every time I went, I was amazed at the quality of their fruit and produce. The store is making a big effort to provide the best prices and quality in the area. Kudos to PriceRite. I hope they keep it up.
As a little bonus, they have a big section of spices in small packages...no more need for the jars of stuff at $3.99 and you only need about a half teaspoon. Lots of basic stuff like butter, sugar, flour etc. at the lowest prices I have seen in ages.

Both stores deserve credit for a job well done.