Midwest retail expansions favor specialty, high end - The Packer

Midwest retail expansions favor specialty, high end

08/14/2013 04:57:00 PM
Pamela Riemenschneider

Roundy’s opened a new Mariano’s location in Harwood Heights in April, its 10th in Chicagoland.

“The Mariano’s banner is doing well for Roundy’s,” Livingston said.

Pete’s Fresh Market opened its first suburban store in Oakbrook Terrace in 2012 and plans two others in the larger, suburban format in Willowbrook and Orland Park in the next few years.

Chicago-based Shop and Save Market also is expanding. The company opened its Downers Grove store May 10. The newest addition includes more than 45,000-square-feet, specializing in European imports in the grocery department and more than 550 fresh produce items.

 

Supervalu, Nash Finch transactions

Supervalu named a former Kroger perishables executive, John Jefferson, to be its vice president of produce merchandising Aug. 13. Story A9

The company also recently completed the sale of five of its banners — Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market — to Cerberus Capital Management LP in March, and followed up the sale with a better-than-expected quarterly report in July that showed stocks jump from $1.22 to nearly $8 per share.

Grand Rapids, Mich.-based Spartan Stores Inc. and Edina, Minn.-based Nash Finch Co. announced a deal for Spartan to merge with Nash Finch in an all-stock transaction valued at $1.3 billion.

The deal includes 22 distribution centers in 37 states, 177 retail stores and distribution deals to military commissaries in the U.S.

Alec Covington, Nash Finch chief executive officer, said in a conference call discussing the merger that the military commissary business Nash Finch handles was a key element in the deal.

“It positions our company for growth, and that’s something we have to focus on,” he said, during the call.


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