Page 8 - Sentinel Septemberl 2017

UNDERSTANDING Continued from page 6 your fishing, hunting and other outdoor needs. Preparing for
this since last October, the combining of Cabela’s 85 stores and
knowing medical aid in dying is available -- whether they get Bass Pro’s 100 will create a nationwide network that should be
a prescription or not -- because having this option means they accessible from your favorite fishing hole or deer blind. This
won’t have to suffer needlessly, enabling them to enjoy their transaction is valued at $4 billion. A third party to the transac-
remaining days as fully as possible. tion is Synovus Financial, a Georgia based bank who is acquir-
ing Cabela’s financial arm and is the final piece needed to make
I witnessed the painful natural death of my mother-in-law. I it all work.
also heard from many of you in our area who had similar touch-
ing stories of loved ones who endured difficult and painful end- The $6.8 billion merger of
ing days of their lives. I know from others, that having your end WALGREENS and RITE AID
of life preparations complete makes a difficult and sometimes failed to make it past U.S. regu-
tragic time at least bearable for loved ones who must deal with lators after two years of anti-
all the arrangements after each of us dies. I would therefore en- trust analysis by the agency.
courage everyone to think carefully about what you want when Change in plans, and now Wal-
your death nears. None of us knows when that moment will greens plans to buy the 2,186
happen. Prepare now the written legal documents (will, living Rite Aid stores, three distribution centers, and inventory. Over
will, Colorado MOST form, durable powers of attorney, etc.) time, they will all be converted to Walgreen stores. The acqui-
that identify your end-of -life wishes. sition is expected to take about six months to complete and will
leave Walgreens with about 11,000 stores across the nation.
Most importantly - have the conversations with your loved ones
and doctors so they know your end of life wishes. Do it now. CASTLE ROCK – Chicken finger specialist, RAISING
CANE, is almost here – guess-
WALT’S WORDS ing late September. It follows
Walt Korinke... recent openings of the High-
lands Ranch, Parker (outside
With only $755 million of assets vs. Costco) stores which are already
$1.36 billion in total debt, GYMBOREE experiencing booming business,
and a fourth store is planned for
Centennial. Folks who have experienced their chicken fingers
from stores in other states (or Fort Collins), are willing to stand
in long lines at the new Colorado stores in order to feast on box
combos of chicken fingers, crinkle cut fries, coleslaw, Texas
toast and of course Cane’s homegrown sauce that makes it all
work. You do not have a lot of decisions to make other than
declared Chapter 11 bankruptcy in “how many pieces” which makes it easy – Come – Order – Eat.
an effort to reorganize its operations Founded in Baton Rouge in 1996, they have grown to over 300
and remain a competitive retailer stores and they are already ranked in the “Top 5” quick-serve
in the children’s clothing industry. restaurant chains in the country.
They join seven other major brand
name retailers (Sears, JC Penney, Macy’s, etc.) that are in the In operation for the past two
process of closing 250 or more stores this year. The operator of months at its first Castle Rock
Gymboree, Janie and Jack, and Crazy 8 plans to close about 350 location in the library-anchored
of its 1,300 stores nationally, including seven of its 15 Colo- center on the southside (190 S.
rado stores (Flatiron Crossings, Cherry Creek, Foothills, Mesa Wilcox), the ENT Credit Union
Mall, Promenade at Centerra, Orchard Town Center and Aspen is into the
Grove). Today’s retail industry continues to adjust to the de- City for
clines in mall traffic and the challenge of online retailers such as permitting of a drive-thru to compli-
the ever-expanding Amazon. Chapter 11 bankruptcy reorgani- ment the walk-up window already on the
zation is a tool typically used by retailers to reduce or eliminate building exterior. They have just broken
debt while developing a new mode of operation. ground for their second and more promi-
nent Castle Rock location across from
BASS PRO and CABELA the new Sam’s Club at the Promenade at
received FTC approval to Castle Rock. Another location recently
complete the integration completed and preparing to open is located by the entrance to
of the two leading outdoor Polaris Pointe, the Bass Pro anchored center on N. Academy in
sports retailers into the lead- Colorado Springs.
ing “big box” retailer of all Continued on page 9

Page 8 - September 2017 Perry Park Sentinel