.

Business

The official Patch Group covering local businesses and the economic and political conditions that effect them. Flag as Inappropriate

Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. What's on your mind? What's on your mind? Make an announcement, speak your mind, or sell something
Posts awaiting your approval 0
Sean Lesniak, who inspired state lawmakers to ban shark fins. Credit: oceana.org
pmotw July 24, 2014 at 03:48 pm
Ban everything. This is no longer land of the Free.
Zoltan July 24, 2014 at 04:10 pm
What does "exemption of locally caught species" do to reduce the practice of finning?Read More Seems as though this law will have the opposite of it's intended effect on shark populations in the northeast.
Thousands of supporters turned out for Monday morning's Market Basket rally in Tewksbury. Courtesy Photo
sunshine July 24, 2014 at 05:32 pm
Hello Selectman Lou Cimaglia, why are you shopping at Market Basket 7/23 in Wilmington. I know itRead More works for your pocket but dont you think it would be nice to support the customers and employees otherwise known as VOTERS
Shelves are bare in all Market Basket stores. Photo Credit: WHDH, 7-News.
Dupper617 July 24, 2014 at 04:08 pm
Joseph- If you are buying a box of cereal for $1 and selling it for $4 then you are making more thanRead More 5% profit. The profit was $217 million for combined 71 stores which about 3 million per store. It was for 2012 not 2013 -link attached. Market Basket has the smallest market share and sales volume compared to Stop n Shop, Shaw's, and Hannaford. I agree that it is a great profit for a select few and profit sharing with the employees is part of the draw to work there. The problem is once an owner becomes content the company will deteriorate. Artie T. is great for market basket because he has a great team and strategy. I also understand why Artie S. wants to increase profits. I think the worst thing he did was bring in inept co-CEOs. Hopefully Friday will put an end to all of this so the employees and distributors can make money and not end up jobless and on welfare.
Moudsie July 24, 2014 at 04:44 pm
You are so right--we just got back from another store--it was horrible--not as muchRead More selection--higher prices--no fresh seafood. I hope the fools who are money-hungry sell to Arthur T really quick.
Samantha Clattenburg July 24, 2014 at 08:15 pm
IDK if everyone remembers what Market Basket's reputation was when we were kids. Everyone I knewRead More called it Trash Basket, justifiably so because their stores were dirty and the meat and produce were lackluster to say the least. Family feud aside, and yes I know that Artie T. is on the side of the family that pulled some shady business in the previous generations, but the fact of the matter is, Market Basket continues to deliver quality products at a MUCH lower price than Hannaford and Shaw's, with cleaner stores these last couple decades. Basically, the other side of the family previously ran their stores equivalent to a slum lord who wants his rent but won't fix anything. There is really no saying whether or not they would even exist today, certainly doubtful to the degree of their current success if Artie T. had not cleaned up their act and given their employees excellent bonus and benefit incentive to run their stores like clockwork. And the people whom Artie S. hired to replace Artie T. just gutted the chains for which they were previously employed. So really, ask yourself which side of the family has the most ominous interest and what version of the story is most viable. Artie T. who is speculated to have created decades worth of loyalty from both employees and customers, only to create the conditions in which to tank the stores and buy the company, or Artie S. who is outright going to gut it? Which version of Market Basket do you want to see prevail?
State Senator Joan Lovely, D-Salem, who represents Peabody in the state Senate. Credit: Patch file photo
Karl July 21, 2014 at 04:56 pm
And Finegold's letter is motivated by political greed. What's the difference? Keep your dirtyRead More politics out of it and let it play out on it's own. He won't be getting my vote for treasurer.
David McGeney July 21, 2014 at 05:04 pm
These working men and women are putting everything on the line for their ousted boss. It'sRead More unprecedented. Thanks for supporting the sincere actions of the courageous Market Basket employees.
Mike Schulze July 22, 2014 at 11:43 am
Mike Schulze To bad Arthur T can not find a way to just get rid of the board and own the CompanyRead More itself. This has been going on for years. It is holding up 2 new stores in Lynn and Revere and affecting business for a great company with a BAD board. Employees customers alike want Arthur T. Broom the rest of the board and family. I will boycott till they fix this and bring back Arthur T. I still will not be going to Shaws! Good move Barry and Joan. Pay no attention to Jon Hurst!!!
Thousands of supporters turned out for Monday morning's Market Basket rally in Tewksbury. Courtesy Photo
Laura Kean Anes July 22, 2014 at 11:47 am
if you want more details about the story read here: http://gloucesterclam.com/
Bob July 22, 2014 at 12:12 pm
Laura, that is about what I have been hearing!
Brian F Hickman July 22, 2014 at 07:57 pm
The thousands of people who showed up in protest are hard working employees and customers who wereRead More treated with honor and respect by Arthur. When employees were down, he picked them up and would treat his customers like he did his employees. Did not know the man, but from listening to interviews of employees old and young, he sounds like an "AWSOME" leader!! Good luck to all!!
Patch File Photo
Michael Quinlan July 21, 2014 at 03:44 pm
Let's thankl fracking for making the US less dependent on foreign oil!
Matt July 22, 2014 at 12:06 pm
Yes thanks to fracking gas is down a whole 5 cents and there are earth quakes in states that neverRead More had them before. Yay fracking.
Market Basket rally in support of former CEO Arthur T. Demoulas at the company's headquarters in Tewksbury on Friday. Credit: Christa A. Lamb
goofygirl578 July 22, 2014 at 04:28 pm
The National Labor Relations Board will have something to say about the firings at Market Basket.Read More The new "owners" will not win. There are laws out there to protect workers in these situations, thank heavens!
Rick July 22, 2014 at 11:08 pm
Numerous "business" reporters are predicting that MB will be sold to some "hedgeRead More fund", who could care less about the customers or the employees. The hedge investors will milk it the business for all they can and then sell a few locations and close all the others. This is the Bain Capital model. You know, Bain Capital of Mitt Romney fame.
Tewksbury2001 July 23, 2014 at 06:05 am
@Rick- I think they need all the shareholders to approve that sale and I don't see that happening. IRead More think Artie S underestimated the impact of this, however he obviously knew enough to not name himself CEO but rather two outsiders that can take the media hit on this. If I were the two CEO's I would resign. They can't recover from this. Perhaps Artie T should have just put in a recurring dividend payment to shareholders to provide them with some liquidity and maybe that would have kept. them happy and he could continue to run the business.
Market Basket rally in support of former CEO Arthur T. Demoulas at the company's headquarters in Tewksbury on Friday. Credit: Christa A. Lamb
Jim Brady July 21, 2014 at 02:47 pm
To hell with the first Boycott them till they bring Arthur T. back.
Derrick Julien July 22, 2014 at 02:50 am
I think market baskets suppliers and vendors have cut them off they do sell gmo foods
jimvmartin@aol.com July 23, 2014 at 07:12 am
Greed and Ego ruining a successful business model. Market Basket my favorite grocery store, I hadRead More to see it with my own eyes. A thriving business, best prices, fresh meat produce and groceries. The store was alive with customers morning, noon and night. The parking lot was empty, the shelves were empty, the isles and cash registers were empty, my refrigerator is empty! I don't want to shop anywhere else. I'm hoping that greed underestimated the power of great employees and customers! That's my take!
Holes where produce should be in this New Hampshire Market Basket. Photo Credit: Tony Schinella
Dan Cunningham July 20, 2014 at 05:06 pm
I'm done shopping at MB. Sad that they would take away what built the store and gave so much back.Read More Great guy heard a lot of good things about him.
petitemoe July 21, 2014 at 08:41 am
Ito a avoiding Market Basket. Employees deserve support from customers, money hungry relativesRead More don't.
File photo.
Paul Bishop July 16, 2014 at 04:42 pm
What we have is the TRUTH, Rob, of events that happened nearly ten years ago now.. and some moronRead More shill (you) claiming without any sort of basis that the reality is otherwise. Please Rob, explain YOUR iron in this fire? You have NONE of the facts, yet you feel okay in implying I am being dishonest. I am NOT the only person Fidelity has done similar things to. So tell us, Rob, What is your purpose in claiming what happened is anything but the fact?
Rob C July 16, 2014 at 04:58 pm
Again, I just have your say as to the situation. From the sounds of it a competent attorney wouldRead More have won your case or the AG's office would have done it for free. Since neither of those happened and you appear to be so sure that you should have won, then I have to doubt your story. The internet is full of disgruntled ex employees that will say anything to put down a past employer. For all I know you could be one of those that recently had a job sent to another state and you didn't want to move so you are now out of work. Enjoy your campaign to put down your former employer.
Paul Bishop July 16, 2014 at 11:35 pm
You sir are an ass. You haven't the first idea of the situation, nor do you have the first idea ofRead More employment law as pertains to the situation. All you have is what appears to be a need to whine, when all I did was relate the facts of the events. I unfortunately had to live them, and the reality is that the public at large (SocSec) has to foot the bill. There is no disputing I am disabled, nor is there any dispute that I became disabled while employed by Fidelity, by a disability which was covered under my policy. Unfortunately, I discovered that if an employer is willing to act in this way, they actually can (and unfortunately DID) throw me to the wolves. Why this is such a problem for you to grasp is beyond comprehension.
UNIQLO is opening at Northshore Mall. Photo credit: Les Masterson.
Pat July 14, 2014 at 07:22 am
How about an AMERICAN clothing store!!!
Kathleen July 15, 2014 at 01:17 pm
Totally agree Pat...just what we need, more cheaply made (using slave labor), yet overpricedRead More Japanese products flooding the U.S.! We deserve it though since our country sold out to China & Japan a long time ago.
Red Lobster's Admiral's Feast is one of the saltiest restaurant meals in America, with 2.5 teaspoons of salt (5,830 mg sodium). Credit: Center for Science in the Public Interest
Old Pizza July 2, 2014 at 11:25 am
If the industry does it, that's fine. When the government dictates it, that's not fine.
Ralph jacobs July 2, 2014 at 12:57 pm
Simple solution: Don't eat this food!, it's horrible what it does to your body!
cardiclash July 2, 2014 at 02:08 pm
If you dont like the sodium/fat/ calorie content in foods then don't eat them. It is totally yourRead More choice. People should also abstain from smoking nasty cigarettes as they cause an array of severe health concerns. What they do to your body is just as bad as crappy food!
See more »