Connect with us


Save A Lot Sells 32 Company-Owned Stores

New owners will invest in extensive remodels in 2022




Discount grocery chain Save A Lot (Earth City, Mo.) has sold 32 company-owned stores in the great Cleveland, Chicago and Milwaukee areas to Yellow Banana LLC, according to a press release. The move is part of an effort to convert its corporate-owned stores to local ownership.

“In many cases our stores are the only accessible option for healthy, affordable groceries, and we will work hard to earn our place as the beloved hometown grocer across our communities,” said Joseph Canfield, Yellow Banana CEO.

Yellow Banana is controlled by minority-owned hold company 127 Wall Holdings. The 32 stores generate more than $130 million in annual revenues. Yellow Banana will reportedly retain all 400 store associates and maintain their current wages, health insurance and retirement benefits. Each store will be remodeled in 2022, including new décor, upgraded flooring and lighting.



MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design

Promoted Headlines

Most Popular