Marsh Supermarkets, Inc.
9800 CROSSPOINT BLVD
INDIANAPOLIS , IN 46256
Industry: Grocery Stores Convenience Stores with Gas Supermart
Feb 8, 2006
A restructuring plan has been announced. Already put up for sale back in November, the current restructuring will eliminate 25 headquarter positions including 4 held by members of the Chairman's family. In addition eight stores in Indiana will be closed. The changes are expected to save $12 million annually.
At March 27, 2004, the Company operated 101 supermarkets in central Indiana and 13 in western Ohio. The 49 stores in the Indianapolis metropolitan market area constitute the Company’s major market. The remaining supermarkets operate in 39 other communities. Revenues from supermarket operations represented approximately 80% of the 2004 consolidated sales and other revenues.
The Company’s supermarket merchandising strategy emphasizes service, quality and convenient one-stop shopping at competitive prices. Of the Company’s supermarkets, 54 are open 24 hours a day and 15 are open until midnight, with the remainder having various other schedules. All stores are open seven days a week.
In recent years, the Company has devoted a greater proportion of new and remodeled stores to fresh, high quality perishables, such as produce, delicatessen items, baked goods, prepared foods, seafood and floral items. The geographic concentration of the Company’s supermarkets enables the Company to deliver fresh items to its stores quickly and frequently. An extension of this theme is convenient, high quality, ready to eat meals. The “Chef Fresh” program offers take-home items for immediate consumption in 113 stores. These products are prepared in the Company’s central kitchen, which provides fresh items to most of the Company’s divisions.
Its Marsh supermarkets feature an extended line of traditional grocery store items as well as service and specialty departments, such as delicatessens, bakeries, prepared foods, prime cut meats, fresh seafood, floral and video rental. The Company features nationally advertised and distributed merchandise along with products under its own trademarks, service marks and trade names. Service and specialty departments included in Marsh supermarkets include delicatessens (113 stores), hot prepared foods (76), bakeries (113), prime cut service meat (62), fresh seafood (64), sushi shops (26), floral shops (76), imported cheese shops (80), wines and beer (108), salad bars (43), video rental (48), fuel kiosks (5) and Ticketmaster® outlets (33). Forty-two of the Company’s supermarkets include pharmacies in food and drug combination stores. In addition, banks or savings institutions operate branch facilities in 37 of the Company’s stores and 93 stores offer automated teller machines (ATMs).
The Company’s superstore format is in excess of 75,000 square feet, and its conventional supermarket format is approximately 55,000 to 65,000 square feet. The Company currently operates six superstores and 17 modern conventional supermarkets. Approximately one-third of the sales area in these stores is devoted to merchandising fresh, high quality perishable products such as deli meats and salads, baked goods, prepared foods and produce. Approximately 54% of the total supermarket square footage has been newly constructed or remodeled in the past 10 years.
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