A&P acquired the Farmer Jack chain
in 1989 and at present operates 66 stores in greater Detroit and its suburbs.
2 million of which constituted of a loss on the disposal of the 66-store Farmer Jack chain
in Michigan, the loss for the most recent quarter widened to $43.
has put its 66-unit Farmer Jack chain
in the Detroit area up for sale, with hopes to unload it by the end of the summer.
A management team interested in buying the Farmer Jack chain
had informed the United Food and Commercial Workers Local 876 last week that it wouldn't pursue a deal to purchase the stores, after a report found that 40 percent of them were unprofitable, with the rest only marginally profitable.
And of those 75 stores, about half of them belong to the Detroit-based Farmer Jack chain
(part of Borman's Inc.
Eatons B-Line series KwikWire Hanging System is a flexible replacement for jack chain
or all threaded rod (ATR) for hanging various fixtures and supports.
The market evaluation determined that purchasing the Farmer Jack chain
would not be recommended," said Roger Robinson, president of Local 876.
The United Food and Commercial Workers (UFCW) Local 876 here said Friday it had learned that "an experienced management team" is looking to buy the entire Farmer Jack chain
, if it can secure financing and are afforded the time needed to conduct an evaluation of the purchase.
Paul Borman, then head of the Farmer Jack chain
that dominated the metropolitan Detroit market, complained that he was not a chain despite operating hundreds of stores.
Jim is a proven leader and will do an excellent job heading Thomas Group," said Jack Chain
, General, USAF (Retired) and Chairman of Thomas Group.
1 million in charges for the impairment of goodwill and long-lived assets in the company's Farmer Jack chain
Commenting on Hamann's decision, Jack Chain
, Chairman of Thomas Group, said, "We very much appreciate John's contributions to the company.