Save-A-Lot Looks to Remodel Stores and Add New Locations
EDEN PRAIRIE, MN – As the SuperValu chain looks to further position its Save-A-Lot banner for a possible sale or spinoff, it looks as though the discount retail chain has new strategies to bolster its buy-side presence; remodels and new locations.
According to the St. Louis Post-Dispatch, Save-A-Lot filed a regulatory filing in which it listed plans to remodel its current store plan to focus on fresh offerings, add new stores, and boost the number of national brands on its shelves.
Save-A-Lot, a subsidiary of SuperValu, is looking to put fruits and vegetables at the head of its remodel, remapping its interior to move fresh produce departments to closer to the front of each store. The chain also expects to expand its offerings of meats, ethnic foods, and frozen departments.
As eyes in the segment remain on the chain and a prospective new owner or spin-off, Save-A-Lot is also looking to up its value by the addition of 75 new stores in fiscal 2017.
“We believe the United States can support more than 3,500 Save-A-Lot stores under our existing store concept and layout,” the company stated in the filing, according to the St. Louis Post-Dispatch.
The company also stated that it's looking to secure heightened consumer loyalty by carrying more national brands and consolidating its private label offerings to just the America’s Choice brand, which was acquired by the chain earlier.
Reuters speculated that SuperValu will announce the future of Save-A-Lot soon. As we recently reported, private equity firm Onex has reportedly led the pack in offers for the chain as of now. SuperValu has yet to comment on the sale or possible spin-off of the chain.
Save-A-Lot has not yet released which locations will be privy to its revamped look, or where the new locations will be located.
As SuperValu moves closer to an announcement regarding Save-A-Lot's fate, AndNowUKnow will continue to report on updates as they roll in.
