Tuesday, August 4, 2015

In the case of Meijer, you might want to watch what the other hand is doing

On the one hand, an admirable gesture.

Meijer opens stores in Wauwatosa and Oak Creek.  (Biz Times, 8/4/2015)
With the stores openings, Meijer made $25,000 donations to the Wauwatosa Public Library Foundation and the Oak Creek Public Library to fund an internet café at each location. The donations will allow the public libraries to purchase technology and necessary furnishings for the creation of a young adult space.

On the other hand.....

Meijer tax ruling may reverberate statewide (Indianapolis Business Journal, 1/15/2015)
The decision, which covered nine years from 2002 to 2012, means Marion County could be on the hook for a $2.4 million refund to Meijer. Other county assessors are under no legal obligation to abide by the ruling, but the closely watched case dealt with a fundamental issue in Meijer and other big-box chains’ appeals: Is the value of a store tied to the sales that happen inside, or is it limited to the big, boxy building itself?

It's called the "dark store theory".  And it's not pretty. 

Related post:
Dark store disaster strikes Peter White Library.  (2/23/2015)

No comments: