Kroger Covington, TN "sold" to Cash Saver operator

Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, and Tennessee. No non-grocery posts.
storewanderer
Valued Contributor
Valued Contributor
Posts: 8607
Joined: February 23rd, 2009, 3:54 pm
Been thanked: 436 times
Contact:
Status: Offline

Kroger Covington, TN "sold" to Cash Saver operator

Post by storewanderer »

https://covingtonleader.com/news/the-na ... the-store/

What.. is going on at Kroger?

This looks like a fairly legitimate store with pharmacy, fuel, etc., and not that far from Memphis...
User avatar
retailfanmitchell019
Diamond Member
Diamond Member
Posts: 415
Joined: November 10th, 2019, 11:17 am
Location: 760 area code
Has thanked: 41 times
Been thanked: 42 times
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by retailfanmitchell019 »

There are still plenty of 80's "greenhouse" stores operating.
I wonder why they are still in rural eastern Missouri? I suspect those remaining Krogers are waiting for the leases to expire there...
TW-Upstate NY
Platinum Member
Platinum Member
Posts: 384
Joined: May 11th, 2009, 6:09 pm
Has thanked: 2 times
Been thanked: 62 times
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by TW-Upstate NY »

The article mentioned it was last remodeled in 2007 and was due for another. Kroger simply didn't want to spend the money. Hope the new owners at least keep the greenhouse look when they do their planned makeover. It's not exactly as iconic as an A+P "Centennial" but still quite distinctive. Was glad to see a hometown operator get a location like this too instead of just another cookie cutter chain.
klkla
Valued Contributor
Valued Contributor
Posts: 1613
Joined: February 24th, 2009, 3:26 pm
Has thanked: 15 times
Been thanked: 80 times
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by klkla »

TW-Upstate NY wrote: September 2nd, 2020, 9:16 am Hope the new owners at least keep the greenhouse look when they do their planned makeover. It's not exactly as iconic as an A+P "Centennial" but still quite distinctive. Was glad to see a hometown operator get a location like this too instead of just another cookie cutter chain.
From the article, "“It won’t look anything like it does now,” Dana said. “You won’t even recognize the building in a few months.”

Sounds like they are planning a full interior and exterior remodel but he might be exaggerating.
storewanderer
Valued Contributor
Valued Contributor
Posts: 8607
Joined: February 23rd, 2009, 3:54 pm
Been thanked: 436 times
Contact:
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by storewanderer »

klkla wrote: September 2nd, 2020, 5:28 pm
TW-Upstate NY wrote: September 2nd, 2020, 9:16 am Hope the new owners at least keep the greenhouse look when they do their planned makeover. It's not exactly as iconic as an A+P "Centennial" but still quite distinctive. Was glad to see a hometown operator get a location like this too instead of just another cookie cutter chain.
From the article, "“It won’t look anything like it does now,” Dana said. “You won’t even recognize the building in a few months.”

Sounds like they are planning a full interior and exterior remodel but he might be exaggerating.
Did you see the photos of his current store (can find by searching) from earlier this year?

He did have self checkout in his current store...

Maybe Kroger is requiring him to do some renovations so it doesn't look like Kroger inside anymore.
klkla
Valued Contributor
Valued Contributor
Posts: 1613
Joined: February 24th, 2009, 3:26 pm
Has thanked: 15 times
Been thanked: 80 times
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by klkla »

storewanderer wrote: September 2nd, 2020, 6:15 pm
Did you see the photos of his current store (can find by searching) from earlier this year?

He did have self checkout in his current store...

Maybe Kroger is requiring him to do some renovations so it doesn't look like Kroger inside anymore.
Yes I did. At 44,000 sq. ft. the Kroger is definitely is step up for this operator. His plans seem very ambitious.

If Kroger is leaving the market completely I don't think they would care about renovations. If anything they can paint over anything Kroger-like before turning the property over to the new owner.

My personal advice would be to do a simple remodel and maximize ROI.
storewanderer
Valued Contributor
Valued Contributor
Posts: 8607
Joined: February 23rd, 2009, 3:54 pm
Been thanked: 436 times
Contact:
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by storewanderer »

klkla wrote: September 2nd, 2020, 7:34 pm
Yes I did. At 44,000 sq. ft. the Kroger is definitely is step up for this operator. His plans seem very ambitious.

If Kroger is leaving the market completely I don't think they would care about renovations. If anything they can paint over anything Kroger-like before turning the property over to the new owner.

My personal advice would be to do a simple remodel and maximize ROI.
Cash Saver is some kind of license/franchise thing through AWG of Kansas City and they do have a decor package that seems to be somewhat consistently applied to these stores. It just involves a low cost wall repaint and a lot of cheap looking hanging signs. Whatever old flooring/shelving was in the store before typically stays.

Also read Kroger is demolishing the gas station but this operator doesn't rule out doing a gas station in the future. I wonder why Kroger doesn't just let him take over the gas station. When Kroger left Springfield, MO they had one store with a gas station and the operator who took the store over also took the gas station over.

It appears the independent has a pharmacy in his current store so assuming he will just move that into the Kroger, not clear if he runs it or leases it to some other independent.

This was quite an opportunity for this independent.
pseudo3d
Valued Contributor
Valued Contributor
Posts: 3227
Joined: November 12th, 2015, 7:01 pm
Has thanked: 20 times
Been thanked: 61 times
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by pseudo3d »

Is there a larger store nearby that Kroger continues to operate? It reminds me a bit of a Kroger in Houston that closed in the mid-1990s and quickly reopened as an independent within a year, with Kroger still maintaining stores (acquired from AppleTree a few years earlier) that were larger and/or nicer than the Greenhouse store closed (one two miles north and another two exits down to the east).
wnetmacman
Forum Moderator
Forum Moderator
Posts: 856
Joined: January 17th, 2010, 2:36 pm
Been thanked: 6 times
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by wnetmacman »

pseudo3d wrote: September 3rd, 2020, 4:29 am Is there a larger store nearby that Kroger continues to operate? It reminds me a bit of a Kroger in Houston that closed in the mid-1990s and quickly reopened as an independent within a year, with Kroger still maintaining stores (acquired from AppleTree a few years earlier) that were larger and/or nicer than the Greenhouse store closed (one two miles north and another two exits down to the east).
The next closest stores to this one are down in Millington and north to Dyersburg. Kroger is notorious for closing stores that are either not #1 or isolated. They have also been just as notorious for keeping the same type of stores open. I'd bet the store's sales are down. Covington's main retail area used to be around that store, but when Walmart moved south of town, it took a lot of the traffic with it; I'd bet that's what happened here.
Knight
Diamond Member
Diamond Member
Posts: 478
Joined: February 7th, 2016, 8:48 pm
Has thanked: 4 times
Been thanked: 1 time
Status: Offline

Re: Kroger Covington, TN "sold" to Cash Saver operator

Post by Knight »

Kroger's Delta Division should be preparing for Publix's western expansion into western Tennessee, Mississippi, Arkansas, Missouri, and Kentucky. Where Kroger exits, Publix enters.
Post Reply