SAN FRANCISCO – Save A Lot has announced a new partnership with RangeMe to scale the discount grocer’s sourcing efforts for new and innovative products. “Save A Lot is a limited assortment, hometown value grocer. That means we are laser focused on providing convenience, value and quality products for everyone who walks through our doors,”
ST. LOUIS — The discount grocery retailer Save A Lot has appointed Trey Johnson as its new chief merchandising officer. He will report directly to chief executive officer Leon Bergmann. Johnson brings more than 30 years of experience to his new role, working with prominent brands and organizations including Albertsons, Big Lots, Family Dollar, Jewel
ST. LOUIS — Save A Lot has completed its transformation to a pure-play wholesale model with the sale of nearly 300 corporate-operated locations to independent retail operators, who will continue to operate the stores under the Save A Lot brand. “Becoming a wholesaler was an important step in Save A Lot’s mission to lead as
ST. LOUIS — Save A Lot has named Leon Bergmann its new chief executive officer. Bergmann will succeed interim CEO Craig Herkert, who will work to ensure a smooth transition in the coming weeks before Mr. Bergmann assumes the role in March. Bergmann brings more than 20 years of experience in the grocery and wholesale
CLEVELAND — The discount grocery chain Save A Lot has sold 32 company-owned stores to Yellow Banana LLC, as part of an ongoing effort to convert corporate-owned stores to local ownership. The 32 stores, located across the greater Cleveland, Chicago and Milwaukee areas, generate annual revenues in excess of $130 million, making Yellow Banana one
ST. LOUIS — Discount grocery chain Save A Lot has unveiled plans to update and rebrand one-third of its stores this year as it continues its transition to a wholesale model. The new store design will be introduced to all 1,000 of its stores in 32 states by 2024, the company said in announcing the
ST. LOUIS — The Save A Lot discount grocery chain is kicking off the New Year with a national sweepstakes that will reward one lucky winner with a year’s supply of groceries. Consumers can enter the sweepstakes between now and February 9 by visiting savealot.com/sweepstakes and signing up for the retailer’s Smart Shopper Rewards program.
ST. LOUIS — The Save A Lot discount grocery chain is selling 51 company-operated stores in the Tampa, Fla., market to Fresh Encounter, a current Save A Lot Retail Partner licensee. Fresh Encounter will continue to operate the stores under the Save A Lot banner. The deal is part of an ongoing re-licensing program through
ST. LOUIS — Discount grocer Save A Lot announced this month it had reached agreement with a majority of its lenders to recapitalize the business and deleverage its balance sheet. Save A Lot said the deal eliminates $500 million in debt and provides $350 million in new capital that will support operations and the acceleration
ST. LOUIS — Discount grocer Save A Lot has completed debt-for-equity and debt-for-debt exchanges that eliminated $500 million in debt and provided an infusion of $350 million in new capital, the company said on Friday. The retailer said the new capital, from a combination of new and existing lenders, will support its operations and the
EARTH CITY, Mo. — Kenneth McGrath has been named chief executive officer of the Save-A-Lot discount grocery chain, effective April 21. He succeeds Eric Claus, who has agreed to step down. McGrath comes to his new post with extensive experience in the discount grocery sector, including 13 years with the Lidl chain, owned by Germany’s
EARTH CITY, Mo. — Kenneth McGrath has been named chief executive officer of the Save-A-Lot discount grocery chain, effective April 21. He succeeds Eric Claus, who has agreed to step down. McGrath has extensive experience in the discount grocery sector, including 13 years with the Lidl chain owned by Germany’s Schwarz Group. He was CEO