Acme Closing Wynnewood Store, Will Shift Employees to Bala Cynwyd, Bryn Mawr, and Narberth Stores
Malvern-based Acme will close its Wynnewood store instead of remodeling it at the end of July, writes Katie Park for The Philadelphia Inquirer.
This closure adds to Acme’s trend of shuttering underperforming stores to focus on new and potentially more prosperous locations in the tristate area.
“It’s just a real estate decision,” said Dana Ward, a company spokesperson.
The company already closed the Gladwyne location near Wynnewood in February 2019.
Still, there are three Acme stores left within five miles of the Wynnewood location, in Bala Cynwyd, Bryn Mawr, and Narberth. Employees from the closing store will be transferred to these locations after July 30 and will keep their current positions and seniority.
Acme currently has 164 stores across six states. But despite subpar sales in some of its stores, Acme parent company Albertsons has been seeing a significant uptick in sales during the coronavirus pandemic.
The company saw its sales go up by 47 percent during the first four weeks of the 2020 fiscal year, a period that ended in late March. Sales then grew an additional 21 percent over the following four-week period that ended in late April.
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