My Supermarket(s) Are In Danger
Last week it was reported that the supermarket chain Fairway would file for Chapter 11 bankruptcy.
The news seemed to be inevitable. The chain saw its stock hit new lows, from $2.16 per share in May 2015 down to almost 30 cents. It lost $300 million during the first half of the past 10 years — and the grocery business was hardly getting easier in the last five years.