MyBallard reports that the Crown Hill QFC will close Oct. 17.
The store had been slated to close as a new one is being built on 24th Ave. NW. The QFC on Holman Road remains open. The Crown Hill QFC is discounting many items and limiting its hours. It will close at 6 p.m. Oct. 17.
1 response so far ↓
1 Kate Martin // Sep 30, 2009 at 10:43 am
Cannibalization. It’s what companies like Kroger do. Oversaturate and then see who the weakest link is and eliminate it. I’m sure the closing of the Crown Hill store is not just related to the QFC on 24th opening, but also the Art’s they took over and the Greenwood they’re about to Fred Meyerize in terms of groceries.
Don’t think they don’t know that a Greenwood FM store would cannibalize the Ballard store with a 1 mile overlap of their 3 mile “service areas”.
Their hints at not building a variety store have probably nothing to do with design review and everything to do with the demand for groceries and the recession proof nature of that sector. Walmart posted less than anticipated results in the last quarter (very rare). Tide may be turning. If FM winds up not building the project as shown and only does a grocery store “remodel” and eliminates the variety store, I’m sure the lawsuits will be a flying in every direction including from the Greenwood Shopping Center shareholders.
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