'When a competitor placed his stores in Charlotte and in Charleston on the market we immediately recognized a significant opportunity for BI-LO. vTylaiiis, shrimp GFS Hagerstown Allan Noddle (I) and store manager Bill Gossard in Hagerstown BI-LO Charlotte Marshall Collins Jr. (I) and assistant store manager Jeff Bowers in one of the new BI-LO stores in Charlotte Giant Food Stores built its largest and most modern store so far in Hagerstown (Md.j: over 54,000 square feet, a 35,000 item assortment, a com plete pharmacy and drug store and great emphasis on perishables. President and COO Allan Noddle: 'We had seen the Albert Heijn prototype in Tilburg, we had seen BI-LO's and we had seen drawings of the new Finast stores, and we borrowed some ideas from each of them for our own situation. The store is doing very well, with sales running above projections.' The Giant in Hagerstown may be considered its pro totype for the nineties, but not all Giant's new stores will be based upon this store. Noddle: 'They will be similar, but some new stores will be smaller. We are building three standard sizes: 38,000, 44,000 and 54,000 square feet. What they will have in common is the emphasis on freshness and a great variety.1 only 100 miles away from our distribution center. When this competitor wanted to sell all his Char lotte stores along with those in Charleston - where we were successful already - we quickly avail ed ourselves of this oppor tunity. In four days the newly acquired stores were con verted into provisional BI-LO supermarkets. In the course of the year a more thorough remodeling took place. Collins: 'And just when that was over the Charleston and Charlotte markets were hit by Hurri cane Hugo. In spite of all that we are very pleased with the results of the new locations. Early in 1989 BI-LO strengthened its position through the acquisition of 21 supermarkets in Char lotte (N.C.), Greenville (S.C.j and Charleston (S.C.j. Through this acqui sition BI-LO returned to Charlotte. President and CEO Marshall Collins Jr. 'BI-LO had never been represented effectively in the Charlotte market. We had only four old out moded stores which we finally sold to a competitor in 1988. Still, we wanted to go back because Char- lote is a market that repre sents a major opportunity. It has a population of over 800,000 people and lies

Jaarverslagen | 1989 | | pagina 24