ST. LOUIS -- September 13, 2004 -- Save-A-Lot, the nation's largest and fastest growing extreme value grocery chain with a network of 1,150-plus stores, will open eight additional stores in the Dallas-Fort Worth market this month. Four stores are slated to open on Wednesday, September 15. They are located in Arlington, Fort Worth, Mesquite and Pantego. Stores in Dallas, Garland, Hurst and a second location in Fort Worth, are scheduled to open on Wednesday, September 22.
"We're pleased to open these stores so quickly following our June acquisition of the former Grocery Outlet locations," said Bill Moran, President and Chief Executive Officer. "And we continue to work aggressively with existing and potential licensees to open additional stores in the very near future as we expand our presence in Dallas-Fort Worth and throughout the Southwest.
"We believe we deliver something unique to the market," Moran added. "Our customers are value-oriented shoppers. Our unique format will allow shoppers to save both time and money - up to 40% compared to conventional grocery stores. Shoppers will be pleasantly surprised by Save-A-Lot's value equation - high quality groceries, terrific savings, and convenient, easy-to-shop stores."
The acquisition represents an opportunity for Save-A-Lot to expand its presence in the market, service some communities that have recently lost grocery stores, and provide good jobs to local employees in the neighborhoods where the stores are located. In addition, Save-A-Lot plans to make aesthetic upgrades to the properties with Save-A-Lot's new exterior and interior décor packages that promise a pleasant experience.
Save-A-Lot licensees currently operate 30 stores in Texas, 14 of those in the Dallas/Fort Worth area. The eight new stores will be operated by Leevers Supermarkets, which also operates stores in Denver and Pueblo, Colorado.
Save-A-Lot has achieved success by developing a unique, limited assortment retail format. Stores offer customers the most popular size and variety of approximately 1,250 of the most frequently purchased grocery items, plus USDA-inspected meat, farm-fresh fruits and vegetables, and dairy products.
The limited assortment of products, smaller store size (14,000 to 16,000 square feet), buying power, self-procurement and distribution, and other efficiencies reduce operating expenses. Savings - up to 40% compared to conventional grocery stores - are passed along to the consumer.
Save-A-Lot is a wholly owned subsidiary of SUPERVALU, Inc. SUPERVALU is one of the largest companies in the United States grocery channel. With annual revenues exceeding $20 billion, SUPERVALU has a strong network of 1,483 retail grocery locations, including licensed Save-A-Lot locations. In addition, through SUPERVALU's logistics network, the company provides distribution and related logistics support services across the nation's grocery channel.
Save-A-Lot acquired these former Grocery Outlet sites:
Dallas, TX - 5828 Abrams at Northwest Highway, 74214 Athens, TX - 505 South Palestine Street, 75751 College Station, TX - 2700 Texas Avenue, 77842 Arlington, TX - 1301 North Collins, 76011 Denison, TX - 300 South Armstrong Avenue, 75020 Fort Worth, TX - 8636 US Highway 80 West, 76116 Fort Worth, TX - 5334 Trail Lake Drive, 76133 Hurst, TX - 800-700 East Pipeline Road, 76053 Killeen, TX - 1001 Veterans Memorial Boulevard, #501F&H, 76541 Longview, TX - 1005 N. Eastman Road, 75601 Mesquite, TX - 3639 Gus Thomasson Road, 75150 Sherman, TX - 1717 Texoma Parkway, 75090 Wichita Falls, TX - 1508 Midwestern Parkway, 76302 Garland, TX - 1518 Buckingham Road, 75040 Pantego, TX - 2400 W. Pioneer Parkway at Bowen Road, 76013 Waco, TX - 1417 North Valley Mills Drive, 76711 Shreveport, LA - 9032 Mansfield Road, 71118
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