Published reports say that A&P-owned Farmer Jack supermarkets is planning to change the name of at least some of its stores to the value-oriented Food Basics banner that A&P has used successfully in New York and Canada.
This report comes on the heels of yesterday's announcement that almost 10,000 Farmer Jack employees have agreed to take a five percent pay cut effective January 1, 2004, as a way of helping the 105-unit chain to keep most of its stores open in the face of tough competition from Meijer and Kroger.
This report comes on the heels of yesterday's announcement that almost 10,000 Farmer Jack employees have agreed to take a five percent pay cut effective January 1, 2004, as a way of helping the 105-unit chain to keep most of its stores open in the face of tough competition from Meijer and Kroger.
- KC's View:
