Smith's shuttering Idaho Falls store

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SamSpade
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Re: Smith's shuttering Idaho Falls store

Post by SamSpade » March 19th, 2020, 1:58 pm

2,500+ have signed at Change.org asking Kroger to reconsider. Unfortunately companies generally don't.

https://www.postregister.com/news/local ... 9.amp.html

Now at over 5,000 signed.
https://www.change.org/p/kroger-help-sa ... alls-idaho

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Re: Smith's shuttering Idaho Falls store

Post by Bagels » March 19th, 2020, 4:43 pm

storewanderer wrote:
March 18th, 2020, 11:48 pm
Smiths did very similar very cheap remodels in 2013 to its Sparks, NV (since then, got a much more major remodel costing millions) and Carson City, NV Stores (crickets) and I have some awareness how much they spent on those two based on looking at the permits at the time. These stores were all of a similar era and similar "cut" and all had the same mid 90's Smiths interior wall decor and relocated SoCal refrigeration from the mid 90's, but original flooring and shelving, before these 2013 Kroger remodels.

I am disappointed to see Smiths closing in Idaho Falls.
You may be right, but the number seems low to me. While Kroger likes to keep the per store figures private, they have made some public -- for example, in 2016, they spent $1.6M (including $1.3M on the interior and $300K on the exterior) updating a nearly 60yo store in Indianapolis. That's an incredibly small store, and from pictures, it's clear that the replacement furniture and fixtures were pulled from other stores. And Supervalu states they "refreshed" most Cub Foods at an average cost of $1.5M-$2M (the few full renovations were $6M-$10M)... and the furniture and fixtures were largely recycled from closed stores under their Albertsons umbrella. Hence where I'm getting my mental figure, but again, you may be right.

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Re: Smith's shuttering Idaho Falls store

Post by storewanderer » March 19th, 2020, 11:42 pm

Bagels wrote:
March 19th, 2020, 4:43 pm
storewanderer wrote:
March 18th, 2020, 11:48 pm
Smiths did very similar very cheap remodels in 2013 to its Sparks, NV (since then, got a much more major remodel costing millions) and Carson City, NV Stores (crickets) and I have some awareness how much they spent on those two based on looking at the permits at the time. These stores were all of a similar era and similar "cut" and all had the same mid 90's Smiths interior wall decor and relocated SoCal refrigeration from the mid 90's, but original flooring and shelving, before these 2013 Kroger remodels.

I am disappointed to see Smiths closing in Idaho Falls.
You may be right, but the number seems low to me. While Kroger likes to keep the per store figures private, they have made some public -- for example, in 2016, they spent $1.6M (including $1.3M on the interior and $300K on the exterior) updating a nearly 60yo store in Indianapolis. That's an incredibly small store, and from pictures, it's clear that the replacement furniture and fixtures were pulled from other stores. And Supervalu states they "refreshed" most Cub Foods at an average cost of $1.5M-$2M (the few full renovations were $6M-$10M)... and the furniture and fixtures were largely recycled from closed stores under their Albertsons umbrella. Hence where I'm getting my mental figure, but again, you may be right.
It depends a lot on the scope of work. Some of these larger dollar remodels to old stores will involve re-doing wiring in the ceiling, new roof, new parking lot, and other things that are quite costly but not exactly cosmetic.

The 2013 rural Smiths remodels were done extremely cheaply. I guess the remodels in my area were actually in 2012. Some before/after photos there. It was really a band aid to at least get some fresh paint into stores that were extremely tired. http://storewanderer.blogspot.com/2012/03/
http://storewanderer.blogspot.com/2012/ ... model.html
They spent considerably more on Gardnerville (closer to $750k I think) than Sparks and Carson, and it is a much smaller store.

What is funny is with all the changes Kroger has made to the stores the past few years which I have found quite negative (fewer checkstands, narrow aisles, fewer product facings, less non food selection), the least changed location today is Carson City and if I have any amount of product I want from Smiths, I will go to that location. Aside from the remodel photographed above it is basically still in the old Smiths configuration of the 80's with wide aisles, many facings of products, and a huge mix of non food. It is a pretty rough around the edges place, but it sure functions well as a store.

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