In catching up on some of the local business news, I was reading about the local grocery market and was interested to read about a new grocery chain coming to the area, Bottom Dollar Food.
We know that Wegmans next step on their expansion plan is King of Prussia (I think the old golf course off Swedesford, correct?) so I was curious if our area would be getting one of these discount grocery stores. Bottom Dollar Food is a discount grocer that’s part of the Food Lion store chain and has said that it will open 21 stores in Philadelphia and surrounding areas, creating 600 jobs. A friend recently visited our new Wegmans and asked management how many employees in that location — yes, 600.
This is a significant expansion for the Salisbury, N.C.-based Bottom Dollar Food, which has 28 stores in North Carolina, Virginia and Maryland. I did a bit of research on the company – they opened their first store in 2005, 5 years ago! They seemed to have discovered a niche market-place by keeping their stores very simple in design. One of the ways they are able to drive the prices down to bargain-basement level is by removing the fancy, expensive displays. Interesting concept given Wegmans over-the-top approach! They keep the isles wide, displays simple and have a color-coding system showing the various levels of mark-downs. Special ‘bargain’ areas in the stores are indicated with color-coded signage. Kind of reminds me of the Syms approach — you read the price tag and the date determines the price. The longer the item remains at Syms, the lower the price.
Bottom Dollar Food will open their first Philadelphia area store in the fall. The president of the Bottom Dollar Food Meg Ham, reports that “Bottom Dollar Food has great potential in the market as we believe it is underserved in the soft-discount grocer arena”. Interesting.
However, the most interesting point of the article was the list of new store locations, including 197 E. Dekalb Pike, Upper Merion (King of Prussia). Short of driving up 202 north and looking for the address, I’m wondering if that is the Genuardi’s store on 202? I looked at all the stores on the list and unfortunately a Chesterbrook location was not on the list. But that poses an interesting question, would people rather see an empty anchor store in the Chesterbrook Shopping Center as opposed to some kind of discount store? Comments . . .