FTC Agreement Causes Giant to Sell to McCaffrey's
McCaffrey’s, a family-owned supermarket chain with locations in Yardley, Princeton, N.J. and West Windsor, N.J., will be taking over the Newtown Genuardi's instead of Giant.
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Genuardi’s in Newtown will now become a McCaffrey’s so that Giant can obtain regulatory clearance from the Federal Trade Commission to purchase more than a dozen other stores in the Philadelphia region, a Giant spokesman confirmed Thursday.
“As a condition to the closing of the Genuardi’s transaction, Giant has agreed to sell the Newtown Genuardi’s store in order to obtain regulatory clearance from the Federal Trade Commission,” said Christopher Brand.
McCaffrey’s, a family-owned supermarket chain with locations in Yardley, Princeton, N.J. and West Windsor, N.J., will be taking over the space.
According to published reports, McCaffrey’s owner, Jim McCaffrey, made the announcement to Genuardi’s employees on Wednesday.
In January, Giant announced its plans to purchase 16 Genuardi’s stores in the Greater Philadelphia region, including the one located in the Village at Newtown Shopping Center.
The deal was subject to FTC approval, however.
The FTC is the federal agency billed with regulating consumer protections. The close proximity of the proposed Giant to other locations raised a red flag for the agency.
Giant recently completed a renovation of its store in Middletown Township, located off the Newtown Bypass in the Summit Square Shopping Center. Giant already has several locations in Bucks County, including Yardley, New Hope, Levittown, Southampton and Morrisville.
Linda P
12:19 pm on Thursday, June 7, 2012
This is good news. McCaffery's is a first rate supermarket. The Acme will be history.
Steve Smith
8:32 am on Sunday, June 10, 2012
Linda ..what are you smoking...Acme is way better...your obviouslt a rookie shopper...
Tim
12:31 pm on Thursday, June 7, 2012
Another abandoned Acme? God help us all.
Steve Smith
8:33 am on Sunday, June 10, 2012
Tim ..did you read the article....honestly....at all....Genuardis...the old Genuardis...
Gail Shister
2:26 pm on Saturday, June 9, 2012
Please have a singles Night at Mccaffreys, i want to meet someone who shares the same food passions as me!!!
Steve Smith
8:31 am on Sunday, June 10, 2012
Acme is light years ahead of Mcafferys.... price customer service product in store...
innewtown
7:12 pm on Sunday, July 29, 2012
Whoever prases Mcafferys – you are either on drugs, or never worked a day in your life, or worked – but for Mcafferys. I lived in Newtown for almost a decade, Genuardis always had the best prices and customer service, and Acme had the best selection. Enter Mcafferys: immediate raise of all prices by good 20-30% with no change in quality. Same can of green pees that cost $1.19 in Genuardies today is $1.59. 1lb of Penn’s sour cream can: $2.85 in Mcafferys.vs $2.35 in Acme. Really? 50c hike on the same can of sour cream? King’s bread: 2/$3 in Genuardis (used to be), 2/$4 in Acme, 2/$5 in Mcafferys! Is the same bread suddenly became so much better as to pay almost twice? Walked in today (July 29, 2012), and found no prices on bread at all (!) Not a single sticker. You want to buy: read the price on the bread package. Good luck reading every label on a five rows of 80 foot long isle. Their sirloin is $15/lb! That’s the price of filet mignon! Genuardis used to bake their bread themselves, now go check the labels on Mcafferys bread: all made in Brooklyn. Good buy fresh bread… Sour dough bread, exactly the same size in Genuardis was $2.99 is now HOW MUCH?! $3.99! Yay!
Pat
11:23 am on Monday, July 30, 2012
agree 100%. Such a disappointment. I miss Genuardi's like the wolf.
Rebecca
7:43 am on Monday, July 30, 2012
innewtwon - you totally sound like my mom....she told me it was way too expensive. She wished (already) Genuardi’s was back!
Man Landers
7:57 am on Monday, July 30, 2012
Yes, I know they just opened and yes, they will be renovating the store but maybe they should have waited. Their prepared food selection at lunch (beef stew, chicken thighs?) wasn't interesting at all and didn't meet my expectations for a "high-end" store in flavor or selection . Give the edge to Acme on that one which isn't saying much. Regarding the prices (innnewton is spot on) ; if you're not going to compete on that level McCaffery's, you best bring it real strong in other areas. Not seeing it at all yet.