retail news in context, analysis with attitude

Now that Kroger has decided to divest its stake in Lucky's Markets, the South Florida Sun Sentinel asks whether "the Boulder, Colo.-based small-format chain can continue its rapid expansion into Florida … At stake are 14 stores planned for 2020 openings in Florida and the 21 stores opened in the state since 2015, including in Coral Springs, Plantation and Oakland Park."

According to the story, "While it shared numerous attributes with upscale foodie chains Whole Foods and Fresh Market, Lucky’s carved a niche by offering mid-priced meat, seafood, juices and prepared foods, plus a wide variety of health products and locally sourced packaged goods. Produce is displayed in farmer’s market-style displays, and samples are doled out generously."'

The Sun Sentinel writes that "losing Kroger could hurt Lucky’s by making the smaller company look less stable to potential creditors, including landlords, according to real estate insiders. If an anchor store like Lucky’s has a deep-pocketed partner like Kroger, a shopping center developer can command a higher purchase price from a real estate investor, while the anchor store can leverage the partnership as collateral to negotiate more favorable rent."
KC's View:
There may be buyers out there … I'm just guessing, but I'd have to wonder if we could see more plays like the one that had Emart buying New Seasons, after it bought Bristol Farms and Metropolitan Market. Just sayin'….