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GlobeSt.com UPDATE: Farmer Jack Closings Remain Uncertain

DETROIT-New York-based New Plan Excel Realty Trust Inc. forms a partnership with DJM Asset Management LLC to market 32 Farmer Jack or Food Basics stores in southeast Michigan and/or the Toledo area for sublease, assignment or other disposition. Exactly which stores Farmer Jack intends to keep in the chain and which it plans to sell remains unclear.

By Dan Heaton | Updated on May 11, 2005

For more retail coverage, click GlobeSt.com/RETAIL.

DETROIT-The looming sale of the Farmer Jack grocery store chain, and the likely closing of more than a dozen of its stores, is likely to be the biggest reshuffling of the $6.6-billion southeast Michigan grocery scene in years. The New Jersey-based Great Atlantic & Pacific Tea Co. said Tuesdaythat it plans to divest itself of the Detriot-based 88-store Farmer Jack chain. Farmer Jack’s president, Mike Cart, said that after the transition, Farmer Jack should emerge as a 70-store chain.

The decision to sell or spin-off its Farmer Jack division by A&P points to the fierce competition in the metro area grocery market, says Ed Deeb, president of the 3,300-member Michigan Food & Beverage Association in Warren. Exactly which stores Farmer Jack intends to keep in the chain and which it plans to sell are still unclear. Even the union which represents Farmer Jack’s workers is unclear on the company’s exact plans.

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