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12/14/2012

Centennial Beverages downsizing apparently now more than that

What was first reported last month as another round of store closings by Centennial Beverage Group, owner of the Majestic, Big Daddy's and Centennial liquor stores in North Texas, apparently is now much more than just a few more stores. In ads today the chain says its "Inventory Liquidation!" is at all locations, where "Everything Must Go!" At its office on Pioneer Parkway in Arlington, signs promoting the event have popped up just since Thursday. Company officials could not be reached for comment this morning. But a woman identified as the manager of the Big Daddy's at 5301 W. Pioneer Parkway in Arlington said that to her knowledge, that store wasn't slated to close. She declined to give her name. Inside, the store was busy but appeared to be fully stocked.

The DFW liquor market has become markedly more competitive with the entry of new retailers. Total Wine & More has opened big stores in Fort Worth and Dallas, Dallas-based Goody Goody has added three Tarrant County stores and Houston-based Spec's Wine and Spirits has jumped into the market. Centennial Beverage closed seven Dallas-Fort Worth stores in February, a year after buying former competitor Majestic out of bankruptcy. At that time, the company still operated 63 stores in DFW. The Star-Telegram reported last month that the company planned an undetermined number of store closings, as well as that many of its stores were behind on millions in payments to distributors, according to the Texas Alcoholic Beverage Commission.

-- Jim Fuquay

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