With shelves still rather barren, the new owners of City Markets have also closed two stores, further alientating some customers who have all but given up on the company.<\/p>\n
Mark Finlayson, principal of Trans-Island Traders, the new majority owners of City Markets, is trying to put a postive spin on the fact that two of the 11 stores in the food chain have closed.<\/p>\n
Finlayson, who ran the once venerable Solomon’s Mines into the ground, says the closure of the Oakes Field and Village Road stores are a “blessing in disguise.”<\/p>\n
While admitting that their has been a sales loss from the closure of two locations, Finlayson says overall sales are up 20%.\u00a0 But that is in comparison to recent weeks when the company was basically on life support.<\/p>\n
Fortunately, the self-described business tycoon says no employees will be laid off.\u00a0 Last year, there were months when employees at the Finlason-owned Solomon’s Mines went without receiving paychecks. Hopefully, that will not be repeated with City Markets employees.<\/p>\n
The Trans-Island Traders principal says he plans to shift the employees from the closed stores to the Harbour Bay and Cable Beach locations where he intends to be open 24 hours a day.<\/p>\n
Mr Finlayson has also talked about a $9 million restocking of the remaining City Markets stores. However a perusal of the shelves of the Cable Beach store yesterday showed many items out-of-stock and many shelves still barren.<\/p>\n","protected":false},"excerpt":{"rendered":"
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