Bellingham Business Journal, January 06, 2014

Page 1

Vol. 22 No. 1

JAN 2014

LOCAL RETAIL

Belle Bridal & Formal Shoppe ready to enter new era with new owner [13]

NEW GROCERY SHAKEUPS 2013 was a year full of changes for large grocery retailers in Bellingham

Waterfront plan seen as progress by some, but not by all City and port leaders have approved a master plan to guide development of Bellingham’s future Waterfront District. [9]

BY EVAN MARCZYNSKI The Bellingham Business Journal

J

ust two and half years after undergoing an extensive rebranding effort, The Market at Lakeway grocery store in Bellingham will close in early 2014, according to a Dec. 12 announcement from the store’s owner, The Markets LLC. A final liquidation sale began on Friday, Dec. 13. The company expects the store will sell off its inventory shortly after the turn of the new year. Company leaders provided some information about the closure in a news release, but declined to comment further. The news release indicated that despite building a loyal customer base since launching in July 2011, The Market at Lakeway failed to generate enough business to stay open. “The company decided the best option was to exit the Lakeway location, rather than compromise the quality or customer service in the store,” read the release. “For The Markets, it is simply a matter of directing its resources to more profitable opportunities.” “Like all businesses, [The Markets LLC] continually reassesses its portfolio of real-estate holdings and divests under-performing assets.” The Markets LLC will work with local unions to figure out new options for the Lakeway store’s employees, according to the company. It is not the first store The Markets LLC has closed this year. The company announced in August that its two Cost Cutter stores

theBUZZ

Our first glimpse at entrepreneurs ready to enter pot market Bellingham’s marijuana retail licenses likely to be selected through lottery system. [12] View a list of the applicants who have filed for licenses to grow, process and sell cannabis in Whatcom County. [19]

Local private-sector firms reporting solid job growth

Patrick Greenberg works at The Flaming Pie Pizza, one of the four restaurants inside The Market at Lakeway, during the store’s opening week in July 2011. The grocery store’s parent company, The Markets LLC, announced its closure and liquidation last month. MARK STAYTON PHOTO | THE BELLINGHAM BUSINESS JOURNAL ARCHIVES

Safeway Inc. submits plans for potential new location in Bellingham’s Sunset Square shopping center [PAGE 8] in Bellingham, one located on Meridian Street and the other in the Sunset Square shopping center, would close by the end of 2013. The Markets LLC now operates 13 grocery stores in northwest and central Washington. It has five stores remaining in Whatcom

County, including Cost Cutters in Blaine and Ferndale, The Market at Birch Bay, the Everson Market, and a Food Pavilion in Lynden. When The Market at Lakeway’s liquidation wraps up, the company will have no locations in Bellingham.

New in, old out The Lakeway location’s closure is the latest in a series of recent developments for Bellingham’s grocery industry. WinCo Foods, the Boise, Idaho-based discount grocery chain, opened a nearly 90,000-squarefoot location at 300 E. Bellis Fair Parkway on Aug. 15. Fred Meyer recently finished an extensive remodel of its location at 800 Lakeway Drive, which is

Early fall job reports show privately owned business are adding new workers in Whatcom County. Holiday season hiring is projected to be on par with last year. [6]

Inside this month’s Business Toolkit Five tips to help you pick the right marketing partner. [15] The Kaizen way to employee engagement. [15] Business success is found inside company culture. [16]

See GROCERY, 8

BBJ 2014 BOOK OF LISTS

Space reserved for mailing label

Available February 3, 2014

Features detailed information about the top businesses in Whatcom County. Reserve your promotional space by January 3, 2014

360-647-8805 • tbouchard@bbjtoday.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.