Save-A-Lot - News

Leading US hard discount retailer, Save-A-Lot, has appointed Kenneth McGrath as its new CEO, effective April 21. Strong track record in leading Lidl’s operations in Ireland McGrath joins Save-A-Lot from telecommunications firm Digicel, where he held the role of CEO for the Caribbean and Central America region. Prior to this he had spent 13 years with Lidl in executive roles, including CEO o...
Supervalu has finalised the sale of its hard discount business, Save-A-Lot, to Canadian private equity group, Onex Corporation. Relationship between Supervalu and Save-A-Lot to continue This divestment comes following Supervalu’s announcement last July that it was looking to spin-off Save-A-Lot into a separate company. Acquisition by a private equity group was always a likely outcome. Under...
Supervalu is divesting its hard discount chain, Save-A-Lot, to Canadian private equity group, Onex Corp., in a $1.4bn deal. Five-year services agreement to underpin deal Supervalu initially announced in July 2015 that it was looking to spin-off Save-A-Lot into a separate company, since when speculation has grown that the business would be acquired by a private equity group. Under the terms ...
As Supervalu continues to experience sales pressures it has outlined a new strategic plan for its hard discount operation, Save-A-Lot, with a number of the initiatives mirroring those of Aldi and Lidl. Sales declining in all three divisions Supervalu’s fourth quarter sales fell by 10.1% to $3.9bn, although the previous year included an extra trading week. This was also reflected in the full...
As Supervalu shares its plans to spin-off Save-A-Lot into a separate publicly traded company, we review what this means for the business, particularly with Lidl on the horizon as a new competitor. Planned spin-off announced last year Supervalu announced last July that it was considering to spin-off Save-A-Lot into a separate company. While reports emerged at the end of last year that the bu...
As reports emerge suggesting that Supervalu could sell its Save-A-Lot discount operation, we look at what this could mean for the business. Planned spin-off announced earlier this year Supervalu announced in July that it was considering to spin-off Save-A-Lot into a separate company. Reports from Reuters emerged at the weekend that a number of private equity investors have expressed an inte...
As Supervalu announces plans to potentially spin-off Save-A-Lot, we look at what this could mean for the wider business. Accelerate growth plans Over the two last years the business has re-positioned and refocused Save-A-Lot to better appeal to a broader range of customers. This has helped the business to deliver a significantly improved performance, although identical store sales slowed in...
The last 12 months have continued to be a period of transition for Supervalu, with progress made across a range of its priorities including delivering positive identical store sales growth and lowering its cost structure. At the heart of this has been Save-A-Lot’s winning performance. Save-A-Lot leads Supervalu’s growth Save-A-Lot continues to be the star performer for Supervalu. While the ...
US-based Supervalu’s second quarter net sales increased by 1.8% to $4.02bn. Net earnings fell by 22.5% to $31m. Save-A-Lot beats expectations Save-A-Lot’s net sales increased by 8.0% to $1.05bn. Identical store sales increased by 6.5% across the network, and by 8.2% within its corporate stores, reflecting its investments in incremental advertising and improved offering. The addition of the ...
Save-A –Lot, a wholly-owned subsidiary of Supervalu, has announced plans to open a new distribution centre in Colorado which will enable it to more efficiently service stores in the area. New facility will improve operating efficiencies and reduce costs The new 140,000 sq ft distribution centre, which will be located in Aurora, Colorado, is scheduled to open in June this year. This new faci...