These were part of a bigger sale: Save A Lot, one of the biggest discount grocery chains in the U. Save A Lot was founded in by Bill Moran, a former marketing executive in the grocery business, who wanted to bring the chain concept to the small grocery store realm. To keep prices low, they sell only the most popular items and they also sell products under their own store brands. According to Mashed , many of those brands are named after store and company employees.
Most of their stores are in low-income neighborhoods. But the company recently decided to shift to a wholesale-focused business, which means it will be selling more than corporate-operated stores to new retail partners. Eventually, they will winnow down to 21 corporate-operated stores in St. Louis to serve as testing sites for retail partners. They will now own 38 Save A Lot store stores in five states.
The release says that Yellow Banana won't be doing layoffs and will maintain current wages, health insurance, and retirement benefits. The stores will continue to emphasize convenience, high-quality products, great value, and easy-to-shop store experiences. Yellow Banana also plans to expand local and regional products and hire talent from local communities.
Bagel News. By Teresa Gubbins. Miami News. Plate Lunch News. By Steven Devadanam. Movie Review. By Alex Bentley. Weekend Event Planner. Southern Fried Politics. Their exclusive brands account for the majority of what's on the shelf, and it turns out that many of them are named after store and company employees. The company prides itself not only on naming their own products, but also designing their own packaging in-house.
Calling Kiggins Captain Chocs cereal a work of art might be a stretch, but if it keeps the prices low, keep doing your thing, Save-A-Lot. If Whole Foods is marketing itself to higher-income shoppers obsessed with organic produce, Save-A-Lot is at the other end of that spectrum. The particular demographic that Save-A-Lot is going after are the shoppers many grocery chains overlook — folks on a fixed income who don't want to comb through 20 aisles at Walmart for groceries. And when a store closes, it can be especially hard on residents of the area who depend on it.
You don't need an MBA to know that stealing company secrets from your old job and bringing them to your new job is a business no-no. Former Save-A-Lot employee Thomas Altadonna might have missed that memo though, because in September he was accused of doing just that.
A lawsuit was filed by Save-A-Lot, alleging that while working as director of market development for the grocery chain, Altadonna emailed 2, pages worth of confidential company information to his personal email account over the course of three days.
Just a few days later, he left his job after 24 years of employment to take a job with competitor Associated Wholesale Grocer. The store also asked for the court to award damages as they saw fit. A permanent injunction has since been issued on the case , but as of March there's no word on what the final settlement was.
Let this be a lesson, kids: There's a right way to exit a job, and very wrong way to exit a job. Save-A-Lot wasted no time in establishing its grocery store foothold in the United States and had amassed more than 50 locations in its first three years of business.
But most of those locations were in the Midwest and eastern part of the country. The company has expanded into the north and as far west as Colorado, but making itself a staple of West Coast shoppers has been largely unsuccessful.
Californians won't likely be abandoning their beloved Trader Joe's anytime soon. Save-A-Lot wanted to give West Coasters a shot at grabbing their low-priced cereals and other products with funky names, but it simply didn't pan out. The initiative began in , and by early , the company announced that it would be shuttering all of its California and Nevada locations, saying it would be "better served by investing in areas where its brand equity is already well-established.
It's probably a safe assumption that Aldi opening 45 stores in California around that same time didn't exactly set out the welcome mat for Save-A-Lot. Speaking of Aldi , the Germany-based chain seems to be the star quarterback of small grocery stores while Save-A-Lot seems perpetually stuck in second string.
As of , Aldi operated more than 1, stores in the U. According to Supermarket News though, the big difference comes down to how much product each chain is pushing out the door. Save-A-Lot tried what Supermarket News called "Aldi-like tricks" by creating the more streamlined and recognizable America's Choice brand, but that strategy probably isn't going to result in a sales boost worth billions of dollars.
One industry expert said part of the reason for Save-A-Lot's lag is the conditions of its stores. Part of Save-A-Lot's strategy for keeping prices low and appealing to its customer base has been cutting out in-store options like the full-service deli or pharmacy.
The company attempted an experiment with adding a pharmacy — sort of — in when it signed a deal with pharmacy mega-chain Rite Aid to start co-branding certain locations. Rather than invite Rite Aid to take up residence somewhere in an existing Save-A-Lot, it worked the other way around with the grocery chain moving into the front of Rite Aid stores, and existing Rite Aid pharmacies keeping their spots in the back.
The locations were primarily in South Carolina, and offered a smaller selection of goods than a typical Save-A-Lot. At the time, industry experts were optimistic about the corporate mashup. Grocery store analyst Gary Giblen wondered, "If a combination store can work by adding nonfoods to a supermarket, why shouldn't a smaller combo work adding a supermarket to a nonfoods store?
The experiment wasn't destined for greatness however, and Rite Aid faced a restructuring and financial troubles in the years that followed. The same year that it co-branded with Rite Aid in South Carolina, the grocery chain went after the Hispanic market in Houston and parts of South Texas. The move came about when the grocery company teamed up with longtime Hispanic grocery operator Rafael Ortega of El Ahorro Supermarkets.
Why choose us. Value Quality Community. Value : Low prices are core to who we are. Community : We are anchored to the communities we serve. Our Model. Lo w -cost Ser v ice Model. Focusing on a limited assortment means a smaller retail footprint with minimal backroom warehouse space, resulting in lower rents compared to larger conventional grocery stores.
Save A Lot also displays products in their original shipping boxes, requiring less time to restock shelves, which helps control labor and reduce operating costs.
A w ard- w inning Pri v ate Label Brands. Save A Lot offers more than 50 high-quality, low-priced private brands, offering customers a better value for their money while providing our retail partners better margins than the national brand equivalents.
Limited Assortment. Compared to a traditional retail grocery business that offers approximately 15, - 60, SKUs stock-keeping units , an average Save A Lot carries 3, items. This reduced SKU assortment simplifies operations for retail partners while providing a more efficient shopping experience, where customers can get in and out quickly with high-quality, ready-to-eat meals, great packaged foods, and fresh meat and produce options.
The buying power of 1, stores delivers market-leading everyday low prices. Neighborhood Focus. Local community engagement is at the heart of the Save A Lot brand. We encourage and support our retail partners in being an integral part of the community through nationally supported programs like our annual Bags for A Brighter Holiday promotion and other charitable partnerships.
World-class Distribution. Save A Lot operates 13 dedicated distribution centers to keep its stores stocked with a reduced number of SKUs, allowing for greater operational efficiency, higher velocity, and increased buying power.
This simpler, more efficient sourcing process allows Save A Lot to pass on better margins to its retail partner customers and better prices to its end grocery consumers.
Brand Rein v estment and Gro w th. Save A Lot has recently refreshed our branding, introducing fresh prototype remodels and reinvesting capital into remodel assistance programs. These are just two examples of new assets designed to help retail partners jumpstart their business. Retail Partner-focused Business Model. Our business strategy focuses on the success of our retail partners. We provide them with numerous valuable support services to help them see strong returns. Real Estate Guidance.
Location is a key success factor for retail businesses. Ongoing Support.
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