Indianapolis’ homegrown supermarket chain Marsh Supermarkets Inc. announced its plan to initiate 13 new stores across America by the end of 2018. The grocery chain plans to compete with the national retail giants that have been eating up its market share in the recent years.
Marsh Supermarkets CEO Tom O’Boyle said that the company would update its fifty-two stores out of the total 73. The grocer also plans to acquire more supermarket stores during the same period of time. O’Boyle said they are being really insistent and looking for probable procurement partners. Whether smaller or larger chains, the company considers look for acquisitions to expand the brand.
O’Boyle declined to disclose where Marsh may open new stores, yet he said declarations for the initial two could go in close vicinity to weeks. Albeit large portion of Marsh’s stores are in the Indianapolis territory, it has areas crosswise over Indiana and Ohio. O’Boyle plans to open three stores in financial 2016, five in 2017 and five in 2018.
On the off chance that O’Boyle’s plans works out as intended, it would be an unexpected turn for an organization that has been shutting much a larger number of stores than it has opened as of late. Marsh opened one store a year ago, yet it likewise shut eight. It shut four more this year, and O’Boyle recognized extra stores could be covered. Marsh’s constriction and the execution of its current stores have raised questions that the Fishers-based chain can turn itself around. David J. Livingston, a supermarket expert in Waukesha, Wis., said his study demonstrates Marsh’s deals per square foot, a key metric for retailers, is 30 percent underneath normal for supermarkets.