The present and future of Randalls

Arizona, Hawaii, Nevada, New Mexico, Oklahoma, and Texas. No non-grocery posts.
BillyGr
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Re: The present and future of Randalls

Post by BillyGr » March 22nd, 2020, 2:27 pm

Perhaps some of the older style (and even size) stores in the southern states do OK as more people move there when retiring. They may remind them more of what they were used to in the past, and particularly as they age a smaller store is probably appreciated for ease of getting around it.

wnetmacman
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Re: The present and future of Randalls

Post by wnetmacman » March 22nd, 2020, 4:09 pm

I have split off the Winn Dixie post into another forum in the Southeast category. Please keep further discussion of this topic to how this relates to Randalls, and let's steer back in that direction, please.

Should you like to discuss WD, the posts can be found here: viewtopic.php?f=7&t=2414&p=23077#p23077

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Re: The present and future of Randalls

Post by Greggo » April 2nd, 2020, 5:40 pm

Four of the 5 Houston-area Randalls stores closed earlier this year have been listed for lease/sublease.

In one case — Panther Creek — there’s a little more than 7 years left on the lease. The Clear Lake store has 4 years left and one of the two Kingwood stores that closed has 3 years left. The fact that Albertsons was willing to eat these leases speaks volumes about how much they’re hurting in the Houston market.

The Grogan’s Mill store is owned by Albertsons and is listed for lease. Seems like it’d make more sense to sell it, but this isn’t a company known for making smart decisions ...

https://shelbyestus.com/for-lease/

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Re: The present and future of Randalls

Post by pseudo3d » April 3rd, 2020, 3:32 pm

Greggo wrote:
April 2nd, 2020, 5:40 pm
Four of the 5 Houston-area Randalls stores closed earlier this year have been listed for lease/sublease.

In one case — Panther Creek — there’s a little more than 7 years left on the lease. The Clear Lake store has 4 years left and one of the two Kingwood stores that closed has 3 years left. The fact that Albertsons was willing to eat these leases speaks volumes about how much they’re hurting in the Houston market.

The Grogan’s Mill store is owned by Albertsons and is listed for lease. Seems like it’d make more sense to sell it, but this isn’t a company known for making smart decisions ...

https://shelbyestus.com/for-lease/
There's an article that states the Grogan's Mill store was deeded to be ONLY a grocery store, not allowed to be anything else. It doesn't help though the store is in a rotten location that isn't even signed from the main road and only a smaller sign on the small road, and almost invisible from both. (Albertsons time in Houston in the 1990s had some bad locations, from wrong neighborhood to off the beaten path)

I'm not sure if Albertsons is trying to do a slow exit from Houston or not, or what plans it has for the other stores (including selling them to competitors). However, coronamania has basically put a pause on all grocery buying/selling/closing/opening activities, so we'll see later.

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