As the buy-side sector continues to swirl with speculation regarding the future of the Save-A-Lot chain, the company recently unveiled a plan for a remodel and new locations to further boost its retail presence.
SuperValu’s discount chain recently filed a regulatory filing, according to the St. Louis Post-Dispatch, in which it listed plans to remodel its current store plan to expand its fresh cut and smoked meat sections. Additionally, the discount retailer is also putting emphasis on fresh produce, as well as expanding its ethnic foods and frozen departments.
Save-A-Lot is also looking to up the value of its chain, which is currently projected towards a new owner or a spinoff, by adding 75 new stores in fiscal 2017. The company has not yet stated which locations will receive the revamps, or where the new locations will spring up.
“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 remodel strategy also seeks to heighten consumer loyalty by carrying a higher number of national brands, and consolidating its private label to its previously acquired America’s Choice brand.
Reuters also speculated that SuperValu will announce the future of its Save-A-Lot chain soon. As we recently reported, Onex, a private equity firm, is in reports to have made the highest offer for the chain.
SuperValu has yet to comment on a prospective sale of Save-A-Lot, or a spinoff of the chain. As the news rolls in regarding the fate of the chain, Deli Market News will have the latest.
