How Bashas’ Supermarkets Bounced Back From Bankruptcy
It was 10 years ago this week when one of Arizona’s legacy companies, Bashas’ Supermarkets, filed for Chapter 11 bankruptcy protection. The chain — which includes Bashas, AJ’s and Food City — said the Great Recession, intense industry competition and a union battle had put in that condition.
Ultimately, the company moved to shutter 10 Bashas and Food City locations and emerged from bankruptcy late in 2010. As of earlier this year, Bashas' and its stores claimed nearly 7% of the market — trailing Fry’s, Walmart, Safeway and Costco.
So how did Bashas’ survive and what is the condition of the company in 2019?
Trey Basha, President and CEO, joined The Show to talk about it.