Acme President's Role Expanding!

No need to panic, he will continue to be President of Acme Markets as well. Let's just hope he doesn't get spread to thin. While there have been numerous improvements at Acme since Perkins returned in June, I'm personally not convinced that the acquired A&P stores are living up to their potential. At least the ones I have been visiting for the blog. An article at Supermarket News goes into a little more detail regarding this subject...

Perkins, who had returned to Acme as its president in June — he previously served in that role from 2012-2015 — had been overseeing the integration of the 76 stores that Albertsons acquired from A&P through bankruptcy. 

Those acquired stores had deteriorated significantly during the A&P bankruptcy, Flickinger said, but most have seen strong improvements under the leadership of Perkins and his team, according to Flickinger. 

“Overall they have done very well with the A&P conversions, particularly given the distressed state of the stores, the inventory, the deferred cap-ex and the absolute chaos that was caused [during the bankruptcy],” he said, noting that “a pocket” of the acquired locations are still “challenging".

Burt Flickinger is the managing director of Strategic Resource Group, New York. So it's good to hear an outside source saying that Acme is doing better with their acquired stores. Interested to know exactly where the "pocket" of challenging stores is.

To read the full article on SupermarketNews.com, please click here.