Seasons supermarkets files for bankruptcy

[zh cohen]

Something isn't adding up.... Shloimys is still supplying Seasons in Clifton, if they are owed so much why in the world would they keep supplying them?

Maybe they are getting paid COD as part of the bankruptcy process.

[tzifanya54]

Cod?

I guess it's possible, although I was under the impression that the regulators keep a tight watch over all monies once bankruptcy is filed...

[aygart]

I guess it's possible, although I was under the impression that the regulators keep a tight watch over all monies once bankruptcy is filed...

They also want the store to stay open.

[ExGingi]

I guess it's possible, although I was under the impression that the regulators keep a tight watch over all monies once bankruptcy is filed...

It's called DIP (debtor in possession). Any new business done with the DIP is not part of the bankruptcy estate. It is presumably run by a responsible custodian.

[tzifanya54]

It's called DIP (debtor in possession). Any new business done with the DIP is not part of the bankruptcy estate. It is presumably run by a responsible custodian.

Got it. Thanks for clarifying, always wondered how that worked.

[grodnoking]

They also want the store to stay open.

So presumably any store still open is running a profit? Just not fast enough to make 25M back to pay off debts?

[kelev]

Couldn't agree more. I don't think the one in Passaic ever made money. They were paying rent through the roof, and it just wasn't that busy....

The floor space is so huge that part of it is blocked. I went there a couple times and did not find Israeli tahini, cheese and shampoo. In addition, the prices are higher than at other supermarkets.

I was hoping that the deli would be a success as there aren’t any around the area.

[daybyday]

Sad that so many frum jews will now be out of work

[rs242]

Sad that so many frum jews will now be out of work

They not closing

[chevron]

Sad that so many frum jews will now be out of work

what about non frum jews ? or frum goyim ?

[Yonah]

Just adding a quick $0.02

- While people in the five towns, passaic, etc. have one less choice, people in Westchester (scarsdale) went from 2 to 1. (the other being New Roc Glatt in new rochelle). while the frum community isn't as huge, there really isn't anywhere to get kosher meat.

- I met someone on line in Evergreen who indicated that the Passaic store was still open.

[Jkhein]

what about non frum jews ? or frum goyim ?

So many more job options for them than for frum jews - you know that.

[whacked1]

Just adding a quick $0.02

- While people in the five towns, passaic, etc. have one less choice, people in Westchester (scarsdale) went from 2 to 1. (the other being New Roc Glatt in new rochelle). while the frum community isn't as huge, there really isn't anywhere to get kosher meat.

- I met someone on line in Evergreen who indicated that the Passaic store was still open.

1) clifton store is open. 2) passaic/clifton only has two stores as well (including seasons)

[tzifanya54]

1) clifton store is open. 2) passaic/clifton only has two stores as well (including seasons)

Yup not to mention that Seasons forced the other store to up their game big time.... competition is always good.

[whacked1]

Yup not to mention that Seasons forced the other store to up their game big time.... competition is always good.

I lived in clifton for over a year, walked into the other store less than 10 times. Really hope seasons stays around

[tzifanya54]

I lived in clifton for over a year, walked into the other store less than 10 times. Really hope seasons stays around

Was bound to happen, don’t think they had a chance with the rent the were paying. There is suppposed to be another kosher store opening across from Primma Pizza.... we will see I guess.

[keemster26]

Yup not to mention that Seasons forced the other store to up their game big time.... competition is always good.

+1 in Baltimore as well

[ejb123]

Just adding a quick $0.02

- While people in the five towns, passaic, etc. have one less choice, people in Westchester (scarsdale) went from 2 to 1. (the other being New Roc Glatt in new rochelle). while the frum community isn't as huge, there really isn't anywhere to get kosher meat.

- I met someone on line in Evergreen who indicated that the Passaic store was still open.

http://scarsdale10583.com/section-table/98-on-the-market/7134-seasons-kosher-grocery-files-for-bankruptcy-but-is-still-expected-to-open-a-larger-store-at-the-golden-horseshoe-in-october

[Yonah]

http://scarsdale10583.com/section-table/98-on-the-market/7134-seasons-kosher-grocery-files-for-bankruptcy-but-is-still-expected-to-open-a-larger-store-at-the-golden-horseshoe-in-october

Will believe it when I see it.

[mendy from lakewood]

Seasons Lakewood posted on their Instagram that they restocked!