King's Supermarket

In a discussion relating to the Post Office Building the comment was made that "It is common knowledge that our Kings is the single most profitable Kings per square ft of floor space of any in the State".

I'm curious as to where there are figures published as to the profitability of the various King's Stores. My impression is that the chain doesn't lose money but doesn't really make very much which is why the sale to Marks and Spencer was undone. Even if the Maplewood Store is the single most profitable, then that still does not mean very much profit since the store is so small.


The important phrase there is "per square foot" ...


If there was still a way to block forum categories I would happily pay the Ross brothers a lot of money to create an entire category for post office redevelopment related threads. Then I would block it. I would block it hard.


Why don't you make a list of topics which you approve of for discussion purposes.

Then I will show you the full effects of censorship on a free society............or a society that

was free till it gave up those freedoms.

Although I really don't know what our many hard won rights mean to you




author said:
Why don't you make a list of topics which you approve of for discussion purposes.
Then I will show you the full effects of censorship on a free society............or a society that
was free till it gave up those freedoms.
Although I really don't know what our many hard won rights mean to you



If you need 10,000 threads about the same topic get your own message board.


PS: You don't seem to understand the concept of free speech. It's completely unrelated to conversation on a private message board. The government is not involved here.



author said:
Why don't you make a list of topics which you approve of for discussion purposes.
Then I will show you the full effects of censorship on a free society............or a society that
was free till it gave up those freedoms.
Although I really don't know what our many hard won rights mean to you

You're free to have your discussion. That doesn't require others to read or participate, or even know that your discussion is happening.

Or did you misunderstand what he wrote and think that he was saying that you should be prevented from having the discussion?

Freedom of speech doesn't mean others have to listen.


Oh, good. Another post office thread, thinly disguised. Just when I thought there weren't enough of them.


I'm not advocating censorship. Post all day every day about the PO site.

I just wish I didn't have to see it.


I'd guess that at some point someone in Kings management made that statement, or perhaps the village store staff shared it with customers. Not sure why the company would publicly release store-by-store performance.




mrincredible said:
I'm not advocating censorship. Post all day every day about the PO site.
I just wish I didn't have to see it.

Its like a train wreck. You really don't want to see it but you just can't look away.

It's our own version of fantasy fiction. Kind of fun to try to anticipate what they will come up with next.


Wonder if VK will boycott Kings for endorsing the project?


Kings could make even more per square feet if they fully stocked the store. Today I went in for a minimum of three specific items--two of which were advertised in this week's circular. I did get one of the items--yogurt, but not in the flavor I wanted. The other advertised item was nowhere to be seen.

Adding to the pleasurable experience of shopping there--only one cashier who was working furiously to process all of the customers.



mrincredible said:
I'm not advocating censorship. Post all day every day about the PO site.
I just wish I didn't have to see it.

You don't


I really am not interested in discussing what is going on across from King's. I am curious as to the origin of the idea that the store is one of the most profitable per square foot or otherwise. It may become more profitable now that it is being supplied by a new wholesaler.


Sorry, truth. My ire was misdirected.




truth said:
I really am not interested in discussing what is going on across from King's. I am curious as to the origin of the idea that the store is one of the most profitable per square foot or otherwise. It may become more profitable now that it is being supplied by a new wholesaler.

Maybe that was an Urban Myth about their profitability. I read it several times on MOL and assumed it to be true.

I did spend a lot of years on the periphery of Supermarkets through my real professiion.

I was under the impression that White Rose was the wholesaler to Kings much in the same way they supplied Food Town stores when their own co op..........and my employer , went under.

Who is the new wholesaler to Kings?


Holy whatever you want to call it. Wakefern is a well run machine that deserves all the credit one can throw at it.

Wakefern is the wholly owned co op of Shop Rite.........it a complicated process but it works to everyone's advantage.

Back about 1968 when a dozen stores pulled out of the Shop Rite chain and formed Path Mark, the remaining stores learned a lesson. Any store owner who wanted to sell his store had to guarantee that it would stay in the Shop Rite family or the store had to be sold to Shop Rite coporate.

The owners of the Food Town stores would not pass a law among their group...........Thus when one of the older owners retired and could not sell his stores in this country he took an offer from Royal Ahold, you can imagine what my teamsters did with that name. The volume of our co op was reduced 30 per cent and within a year 1500 of us had no jobs.

White Rose became the distributor for Foodtown............never followed up much on how that went.

Kings made a wise move.


Why not just look away?


White Rose is finished.

Pathmark had to pay the exit fee which permanently crippled it. Buying Rickles didn't save it.



truth said:
White Rose is finished.
Pathmark had to pay the exit fee which permanently crippled it. Buying Rickles didn't save it.

Interesting.........I have been out of that loop for quite a while.......but still interested

When you say White Rose is finished do you mean they went under or they lost the Kings contract?


White Rose filed for bankruptcy last fall. With its buying and warehousing capabilities, Wakefern is the most powerful food distributor after Walmart. Unlike Walmart, however, it is a union operation and a lot of people make a good living delivering food at good prices. The Wakefern cooperative owners are more business savvy than their counterparts at Foodtown, a good company, and that is why they are on top today.


Trivia: Wakefern probably supplies most of the food consumed in Bermuda as well as supplying Gristedes and Morton Williams here.



truth said:
White Rose is finished.
Pathmark had to pay the exit fee which permanently crippled it. Buying Rickles didn't save it.

truth, you may recall I'm the one who's always arguing the finer points of the supermarket business, though I have no involvement other than being a shopper and a retail history nerd. Is the exit fee from when Supermarkets General left Wakefern? Because after getting it's act together, Pathmark was the top supermarket chain in this area for most of the late 70s and early 80s. Even prior to the breakup, they had the highest volume ShopRites due to location in the densest population centers. With their first in the area innovations like 24 hour operation and "Super Centers," they were achieving the largest per store sales in the business, said to be three times average with stores only 33% bigger.

http://www.company-histories.com/Pathmark-Stores-Inc-Company-History.html

http://www.encyclopedia.com/doc/1G2-2840600251.html

SGC had unprofitable divisions from the outset in 1968. Had no clue they owned Genung's, which they didn't dump until 1986. They acquired Rickel in 1969, and it remained profitable even after SGC's 1987 leveraged buyout.

Rickel totally fumbled Home Depot's arrival in 1989, poking fun at the store's size. They went from first to finished in 8 years. Pathmark's decline really became intractable as the debt from the LBO sucked away any chance for profit or capital investment. Neither Rickel or a breakup charge dragged them down. At least that's my take on what most sources say.

https://en.wikipedia.org/wiki/Rickel


As for White Rose, top dog C&S bought them last year, and is now closing their two centers in NJ.

http://supermarketnews.com/retail-financial/cs-close-white-rose-facilities



Also, your profitability question has been debated, and not definitively answered before.

https://maplewood.worldwebs.com/forums/discussion/id/107910-BOYCOTT-KINGS



Just a bit of back ground. The co op for Foodtown was named Twin County Grocers. It was actually in existence before there was a Foodtown chain. It was extremely profitable and at the high point bought in 1.2 Billlion Dollars. The Foodtown store owners killed the goose that layed the golden eggs through their greed. Really poor business practices did them in.

Royal Ahold was the Dutch firm that bought 13 of the highest volume stores. It tried at first to convert them to stores that were called Edwards..........they were no frills and the public stayed away. Then they became Stop and Shops

C & S was the distributor of choice for Royal Ahold. I ended up competing with my former boss for a

job there

. Neither of us got it. He became the Safety Director for the New York Daily News and I

went to work for the Environmental Protection Agency working in their Lead Abatement Division.






No need for 2 threads about Kings - thus we default to the one with more comments:
https://maplewood.worldwebs.com/forums/discussion/id/117972-Kings-looks-forward-to-Post-Office-Redevelopment-Project



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