Search
 

SuperValu Buys 45-Store Deal$ Chain

MINNEAPOLIS-The 9,000-sf stores will accelerate the firm's fast growing Save-A-Lot "extreme value" retailing. The concept includes a combination store of grocery and general merchandise.

By Jim McCartney | Updated on April 09, 2002

MINNEAPOLIS-SuperValu Inc. has agreed to buy Deal$ — Nothing Over a Dollar, an extreme value general merchandise retailer. Deal$ is a St. Louis-based general merchandise retailer operating 45 stores in eight states, which are supported by one primary distribution center in Illinois.

The company that was founded in 1999, has annual revenues of about $75 million. The stores have a footprint of about 9,000 sf.

Jeff Noddle, SuperValu president and chief executive officer, says the deal is the culmination of a year-long effort to develop a general merchandise strategy to support the next phase of expansion its Save-A-Lot retail chain. Bill Moran, chief executive officer of Save-A-Lot, says his team is working on a new Save-A-Lot prototype that represents a combination store of grocery and general merchandise.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.