Our local supermarket is going bust. It\’s an Intermarche, which is, I think, a franchise, rather like Spar. And our local one is going bust. He\’s run out of working capital I would say.
The meat and veg counters stay stocked, but nothing else does. The shelves are gradually emptying out of everything else.
Shops go bust all the time of course. But there\’s two interesting additional points to make about this.
Firstly, this is the only supermarket in a town/freguesia of about 10,000 people. Quite why he\’s going bust I\’m not sure. If it\’s the general shrinking of the economy then that\’s one interesting thing to know. Or if it\’s that he\’s screwed up in some manner but no one is willing to either finance him or buy it out then that\’s another. Times must obviously be pretty hard whichever way round it is.
The other is seeing what it is that has a decent turnover and what doesn\’t. What\’s left on the shelves is obviously the stuff with low turnover. The shampoos and the cereals and the health foods really. All of the animal food, sauces, canned goods, coffee, pasta and so on have gone.
No particular point to this, it\’s just interesting to see the ribs of a business in this manner.