Balducci’s Has Been Screwing Things Up Lately..... Could Balducci’s be underperforming in a town that loves upscale groceries?
Balducci’s managers are shuttering both Balducci’s stores in Manhattan — one in Chelsea and the other on the Upper West Side — on April 26. In addition, Balducci’s announced the closing of two other stores, in Ridgefield, Conn., and Washington, D.C.
The management called those four stores “underperforming.” (Five other Balducci’s stores, which are evidently “performing,” will continue to operate in Virginia, Maryland, and Scarsdale, N.Y.)
The Greenwich store, which was formerly a Hay Day Market is supposedly "preforming" according to Balducci’s managers, but Greenwich business and real estate insiders tell Greenwich Roundup that might not be true.
However, when Greenwich Roundup visited the store to today it appeared to be somewhat busy.
Apparently Balducci’s Has Been Sucking Wind For A While:
April 19, 2006
You may have walked by the storefront on the east side of 7th Street between D Street and E Street, NW, and seen the black signs. Or, maybe you overheard someone in real estate talk about it. Was it the press coverage that caught your eye? The eagerly awaited “it” is (but now was) a Penn Quarter installment of Balducci’s, a nationwide gourmet grocer with four stores in the Washington metro area.
PQResident talked with a Balducci’s representative in the DC area corporate office who indicated that construction on the Penn Quarter 7th Street store that was supposed to open in the May/June 2006 timeframe has been halted and the project has been aborted. A recent change in corporate strategy now has the company focusing on the New York metro area .......
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