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Gas Prices Force Rethink of the Model
May 30, 2008
Posted by: Carol
Which grocery store chain has lost 3000 employees in the past five months in one major U.S. city because they can no longer afford the gas to get there?
We're not naming names, but we do know that said chain has "blown up" its future plans for greenfield expansion and is scrambling to reinvent itself as an urban chain.
We're not sure exactly what that means yet (and neither are they), but it should be interesting to see if this is the first in a long line of retailers who try to reinvent themselves because their employees can't afford to get to work. (And their customers will presumably be hard pressed to afford the drive.)

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