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25% sale at Dillingham's N&N Market

The sale comes on the heels of signs that parent company Omni is in big financial trouble.

Transcript from audio ... 

N&N credit customers were put on notice earlier this month that credit accounts at the store were being suspended, and some of the shelves have gone noticeably under-stocked in the past few weeks.

Rumors are circulating of new ownership for the N&N grocery, but Omni thus far declined to comment. The company website was taken down this week.

The building N&N is located in is owned by the village corporations of Hooper Bay and Dillingham. Sea Lion, from Hooper Bay, owns a 51 percent stake, and Choggiung, from Dillingham, owns a 49 percent. Both corporations have declined to comment at this point on the future of what business will occupy the building.

Omni liquidated the inventory at the Swanson’s Grocery Store in Bethel this week, which was housed in a building owned by the Bethel Native Corporation. The store was expected to close Friday, and the employees laid off.

The Mat-Su Valley Frontiersman reported yesterday that employees at an Omni-owned grocery store in Big Lake are still waiting on word of the future of their store as well.