According to reports, Acme is advertising "thousands" of new lower prices in sales flyers released this morning. The price breaks come amidst the continued expansion of Aldi and ahead of Lidl's anticipated Greater Philadelphia store openings. Aldi is known as grocery's low price leader (lower than Walmart!), and reports indicate that Lidl's new stores in North Carolina and South Carolina feature prices on par with Aldi.
Acme's campaign is one of the first major shake-ups since Jim Perkins returned to his role as president. In Perkins' previous tenure as president, he used lower pricing to help turn the company around.
Sources have told Supermarket News that some of the A&P stores acquired by Acme in 2015 have not performed as well as expected.
Showing posts with label Jim Perkins. Show all posts
Showing posts with label Jim Perkins. Show all posts
Friday, July 28, 2017
Tuesday, May 6, 2014
Acme making changes, seeing results under new president
Acme Markets, the long-time Philadelphia market leader that has fallen behind ShopRite and Giant in recent years, is investing profits back into stores and making a bit of a comeback.
The turnaround started shortly after Supervalu sold Acme and four other supermarket chains to a group led by Cerberus Capital Management. After the sale Jim Perkins was named Acme president, and his presence in Malvern, PA - not Supervalu headquarters in Minneapolis, MN - has meant that change is taking place more quickly.
"There's no red tape," said Perkins recently. "Everything we do is local. We all work here and live here."
Acme's current priorities are to offer more competitive pricing, better customer service, higher quality products and cleaner stores. Labor contracts are also a priority, and all but one has been renewed so far.
Television commercials recently started running with the company's new theme: "Acme, We're back!"
The turnaround started shortly after Supervalu sold Acme and four other supermarket chains to a group led by Cerberus Capital Management. After the sale Jim Perkins was named Acme president, and his presence in Malvern, PA - not Supervalu headquarters in Minneapolis, MN - has meant that change is taking place more quickly.
"There's no red tape," said Perkins recently. "Everything we do is local. We all work here and live here."
Acme's current priorities are to offer more competitive pricing, better customer service, higher quality products and cleaner stores. Labor contracts are also a priority, and all but one has been renewed so far.
Television commercials recently started running with the company's new theme: "Acme, We're back!"
Thursday, September 26, 2013
Acme in King of Prussia to take on Wegmans
The Philadelphia Business Journal and The Times Herald reported this week on Acme's recent makeover in King of Prussia, as the former market leader attempts to battle with Wegmans and other local food retailers for market share. According to the articles, Acme has lowered prices on 7,000 grocery items, eliminated its loyalty card and made some cosmetic tweaks.
According to Acme Markets President Jim Perkins, an industry rating system has Acme jumping eight points in recent weeks. The system measures service, cleanliness, speed at checkout, freshness and quality of products. Perkins said that a one or two point jump is considered a significant increase, so he was thrilled by the eight point improvement.
Perkins took over as Acme President last March, after parent-company Supervalu was sold to a group led by Cerberus Capital Management. Acme operates under the company division of New Albertsons, Inc.
Acme's debut in King of Prussia came 50 years ago in 1963. That same year JC Penney and E.J. Korvette opened at The Plaza at King of Prussia. Acme relocated to its present location in the early 90's as the mall expanded.
According to Acme Markets President Jim Perkins, an industry rating system has Acme jumping eight points in recent weeks. The system measures service, cleanliness, speed at checkout, freshness and quality of products. Perkins said that a one or two point jump is considered a significant increase, so he was thrilled by the eight point improvement.
Perkins took over as Acme President last March, after parent-company Supervalu was sold to a group led by Cerberus Capital Management. Acme operates under the company division of New Albertsons, Inc.
Acme's debut in King of Prussia came 50 years ago in 1963. That same year JC Penney and E.J. Korvette opened at The Plaza at King of Prussia. Acme relocated to its present location in the early 90's as the mall expanded.
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