Business News

In Giant Eagle’s Claws: Food and Fuel

While Tops is on the way out of Lakewood and Congressman Dennis Kucinich is waving red flags over labor and antitrust implications of Giant Eagle’s acquisition plan, shoppers can expect a gas and grocery combination to be an element in any food retailer’s effort to capture customer loyalty and market share along Detroit Avenue.

The asset purchase agreement between Tops Markets LLC and Giant Eagle, Inc., which includes the Detroit Avenue store among the eighteen of forty six targeted for acquisition, portends a fuel perks program, offered through GetGo convenience stores.

Should Giant Eagle prevail and acquire Tops, a GetGo convenience store is certain to set up shop somewhere in the vicinity.

Fuel perks programs put the squeeze on independent gas station owners, and Manor Park Sunoco, with a GetGo manual recently observed inside, is evidently in Giant Eagle’s claws. However, a deal could not be confirmed at this time.

Congressman Kucinich expressed concern about possible market domination by Giant Eagle in Northeast Ohio at a press conference with union leaders and Tops management on October 20. While not focusing attention on the gas and grocery combination, Kucinich distributed an October 18, 2006 letter addressed to him from Jerry Hoffman, Senior Partner, Retail Group Partners Inc. a private equity fund, located in Kennesaw, Georgia. Hoffman’s letter, expressed the interest of Retail Group Partners Inc. in buying all forty six Tops stores and honoring “existing employment without interruption.”
Even if the sale of Tops store to Giant Eagle is to be stopped and Retail Group Partners is deemed a viable buyer for the properties, Lakewood shoppers would likely have a food and fuel connection at “Boxcar,” the palletized supermarket concept that hopes one day to compete with Sam’s, Costco, and Price Club. According to the business model described on boxcarstores.com, the company would expect to bring at least twelve fueling pumps to its operations and capture the grocery market with “extreme value prices.”

Read More on Business News
Volume 2, Issue 22, Posted 4:04 PM, 10.25.06

PHOTOGALLERIES

Sample Image from LO Galleries

DAILYQUESTION

Most recent question: What are the major issues that will be facing this school district during the next several years? Consider both possible threats and golden opportunities.
Submit your answer and read others' answers

LAKEWOODWEATHER

Latest Lakewood, Ohio, weather

EVENTSCALENDAR

 123456
78910111213
14151617181920
21222324252627
28293031   

UPCOMING EVENTS

December 4, 2008:
2:50 PM - Adult Swim

7:00 PM - Open Swim

7:00 PM - LEAGUE PUBLIC FORUM FEATURES CHRIS RONAYNE, PRESIDENT OF UNIVERSITY CIRCLE, INC.

7:00 PM - Parent Advocates for Lakewood Students Meeting

December 5, 2008:
6:00 AM - Adult Swim

2:50 PM - Adult Swim

6:00 PM - Puma Yoga First Annual Holiday Open House

7:00 PM - Coles Dusenbury Choral Festival

7:30 PM - Peter Pan

7:30 PM - Open Swim

8:00 PM - Talking Heads 2

9:00 PM - The Volta Sound, Vernon Dent, Floorian @bela dubby

December 6, 2008:
12:00 AM - Light Up Lakewood

9:00 AM - Breakfast With Santa

10:00 AM - 3rd Annual Vendors Fair

10:00 AM - Christmas Sale on the Grounds

10:00 AM - bela dubby's 4th Annual Holiday Art Bazaar

10:00 AM - F.A.T. City Learning Disability Workshop

2:00 PM - Adult Swim

2:30 PM - Kids Yoga Workshop

3:00 PM - LIGHT UP LAKEWOOD FAMILY MOVIE -- Home Alone

3:00 PM - Kayak Open Roll

4:00 PM - Mommy/Daddy & Me Yoga Workshop for Toddlers

5:00 PM - sa-lon blue OPEN HOUSE

6:00 PM - Light Up Lakewood

7:30 PM - Peter Pan

8:00 PM - Talking Heads 2

8:00 PM - Mud In Yer Eye Contra Dance

9:00 PM - Pale Hollow, The Plastic Hearts, Apostrophe Catastrophe @bela dubby

December 7, 2008:
2:00 PM - Sunday with the Friends-Sugarcoat

3:00 PM - Talking Heads 2

3:00 PM - Peter Pan

7:00 PM - Christmas Sale on the Grounds

December 9, 2008:
2:00 PM - "One Flew Over the Cuckoo's Nest"

December 10, 2008:
11:30 AM - International Partners in Mission (IPM) 6th Annual Luncheon

7:00 PM - Joe Rizzi Trio w/ Marilyn Holderfield @ 7 pm Wine Bar

December 11, 2008:
7:00 PM - The Greenest Building is Already Built: Sustainability and Historic Preservation

8:00 PM - Cave (Chi), Relentless Corpse, Black Wolf, Bone Meal @bela dubby