Rite Aid to add Save-A-Lot in-store grocery departments
Camp Hill, Pa. Rite Aid Corp. said Tuesday that it has forged an agreement with Save-A-Lot, a SuperValu company, to add the discount, limited assortment grocery store concept to Rite Aid’s 10 existing stores in the Greenville, S.C., market.
The stores will be co-branded Save-A-Lot Food Stores/Rite Aid Pharmacy and will continue to be owned and operated by Rite Aid.
Rite Aid said it will continue to offer health and beauty products in these stores along with Save-A-Lot grocery products. The Rite Aid pharmacies will operate as usual.
“We believe this new co-branded concept meets the needs of today’s consumers, who continue to search for value, quality and convenience, and we’re excited about the chance to offer our customers high-quality grocery products including fresh meats and farm-fresh produce at great prices,” said Ken Martindale, Rite Aid COO.
The 10 stores, which are located in Greenville, Easley, Greer, Simpsonville and Travelers Rest, S.C., will remain open as they begin converting to the new format in September. The remodels are expected to be completed in October.
German court approves Karstadt takeover plan
Berlin A German court has given the go-ahead for an investor to take over the country’s bankrupt Karstadt department store chain with its 25,000 employees, according to a Friday report by the Associated Press.
Karstadt has been under an insolvency administrator since parent Arcandor AG filed for protection in June 2009.
The German news agency DAPD reported that an administrative court in Essen on Friday approved a plan for financial investor Nicolas Berggruen to take over the chain. Berggruen was chosen to take over Karstadt in June but the plan then got delayed while negotiating over rent levels for its approximately 120 stores.
An agreement by the buildings’ owners to lower rents paved the way for a final deal this week, according to AP.
Duckwall-Alco same-store sales dip in August
Abilene, Kan. Duckwall-Alco Stores said late Thursday that same-store sales dipped 0.8% in August.
Total revenue rose 1.1% to $33.4 million due to improved inventory control, higher productivity and stronger marketing, said the company.