Market Basket Could Slow New Store Growth
TEWKSBURY, MA - Somewhat lost in the controversy which has raged over the previous months between Arthur T. Demoulas and his cousin Arthur S. Demoulas, is the fate of the 5 planned Market Basket stores in Revere, Waltham, Athol, Littleton and Attleboro whose launch date has been thus far delayed. According to CEO Arthur T. Demoulas, this delay could extend well into the future as the retailer works to restore its existing stores to 100% operating capacity after the lengthy boycott.
When new store openings do come, a statement by Arthur T. on CBS Boston suggests that the Revere store location is likely to be the first.
“We would like to think that at least two of those five stores will be able to get open before the year's end,” Arthur T. said. “Most likely the Revere store will be first on that list.”
For now, however, Market Basket's primary focus is on its existing store locations, which are currently about 75-80% stocked, according to the CEO.
“Our 100% focus on this moment is to get these [existing] stores restocked with fresh foods, particularly perishable foods, produce and seafoods,” explained Market Basket's Operations Manager David McLean to the Boston Globe.
Echoing Arthur T. Demoulas, McLean did state that expansion was still “on the radar” for the long term for Market Basket.
Stay tuned to AndNowUKnow for any future Market Basket updates as the story breaks.
