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A Textbook Case Of How Not To Do Business
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The latest in the saga of small grocery chain Haggen's disastrous move into California, Arizona, and Nevada is that they now want to close all of its Southern California stores and several others. So they went from grand opening to STORE CLOSING! in record time. And in the process, a lesson: The deal by which Haggen bought all those stores from the merged Safeway-Albertsons was the result of federal regulation, forced upon everyone because we CAN'T HAVE CONCENTRATION even though there's so much competition here that it's a big reason Haggen failed. If they just let Safeway keep the stores, sell off any that were too close together, and do it all on their own time and volition, most of these stores wouldn't be closing. (Orange County Register)
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