FMI: Smaller firms shorted in chain divestitures - The Packer

FMI: Smaller firms shorted in chain divestitures

06/25/2002 12:00:00 AM
Doug Ohlemeier

Spezzano cited retailers such as Albertson’s Inc., Boise, Idaho, unloading a large number of stores when exiting markets such as Houston.

“You see who’s buying those blocks, which are quite large,” he said. “A four-store independent chain can’t buy eight stores. If they want to grow, they could buy one or two. Such action really precludes them (the independents) from getting any kind of traction on the store counts.”

Sansolo said the effort remains one of educating the FTC about the issue.

“It’s important we work with them and make them sensitive to the changes in the marketplace,” he said.

The divestiture issue remains a political issue, Spezzano said. He said he doesn’t think FMI’s efforts will succeed.

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