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The Arizona Republic reports that Bashas’ plans to close about nine underperforming stores in addition to the five that were shuttered in February, though it was not specific about the exact number or which ones they might be. Bashas’ currently operates 150 stores under a variety of banners.

The paper notes that Bashas’ is the victim of both the recession and heightened competition from the likes of Walmart, Safeway and even Tesco’s Fresh & Easy Neighborhood Markets.

And, the Republic suggests that there could be more closures since the Phoenix-Scottsdale area is one of the most over-stored markets in the country.

KC's View:
Tough to hear this news, but the clear message is that companies are hunkering down…and this isn’t the end of it. It isn’t hard to imagine that a year from now, Bashas’ could be down to about 125-130 stores…and that other chains will be making similar decisions. Sometimes, you have to clear away the dead wood.