Monday, January 25, 2010

Local Safeway Closing

I’m not sure whether to file this under “a sign of the times” of “serves them right.”

Safeway in Peoria, AZ

The Safeway around the corner from my house has an ideal location; it’s in the center of a residential neighborhood of approx. 5,500 homes.  It has only one other competitor (Frys) nearby, another competitor (Albertsons) on the other side of Deer Valley, and a WalMart a couple miles away.  Maybe it’s a sign of the times that people are spending less money these days…

Safeway in Peoria, AZ

I shopped at Safeway all the time when it first opened.  But after awhile, it seemed like whenever I needed one or two things on the way home, they were out of the exact item I needed.  They also didn’t staff enough checkout lines, and I would have to wait for 5 or 6 people to finish before I could buy my single item.  Eventually I stopped shopping there altogether; it became worth the extra 45 seconds in the car to go to Frys.  Serves them right…

A long time ago I wrote a piece called “You can be right & still lose.”  Unfortunately, this will leave a big, empty box in a neighborhood already trying to fill the Ace Hardware vacancy across the street.  (and we already have too many health clubs around!)

Maybe this is a foreshadowing of the coming commercial real estate problems…

Your still looking for the bright side Realtor,

Chris Butterworth