**Save-A-Lot History and Acquisitions**:
– Founded in 1977 by Bill Moran in Cahokia, Illinois.
– Serves as a wholesaler to independent store owners.
– Acquired 75 Jewel T stores in 1984.
– Purchased by Wetterau Inc in 1987.
– Became a subsidiary of Supervalu Inc in 1994.
– Expanded into Southern California in 1996.
– Acquired Deals chain in 2002.
– Sold Deal$ to Dollar Tree in 2006.
– Sold to Onex Corporation in October 2016.
– Completed a recapitalization in April 2020.
**Save-A-Lot Transition to Wholesale Model**:
– Started financial restructuring towards a wholesale model in early 2020.
– Remaining 18 stores acquired by Leevers Supermarkets in August 2023.
– Leevers Supermarkets now operates 52 Save-a-Lots.
– Save A Lot no longer directly operates locations but licenses them to independent retailers.
**Save-A-Lot Business Updates**:
– Completed transition to 100% Licensed Wholesaler.
– Shifted to wholesale model.
– Netted $350M in Recapitalization.
– Headquarters moved to former Northwest Plaza mall.
– Dollar Tree acquired Deal$ for $30.5M.
**Save-A-Lot Store Closures and Changes**:
– Supervalu closing 22 Save-A-Lot stores.
– Supervalu sold Save-A-Lot chain to Onex for $1.37 billion.
– Save-A-Lot sells remaining corporate stores.
– Supervalu shook up leadership of Save-A-Lot and Shop N Save.
**Save-A-Lot News and Associated Supermarkets**:
– Special coverage by Supermarket News.
– Bloomberg News reported Supervalu’s sale to Onex.
– Winsight Grocery Business covered the $350M recapitalization.
– American City Business Journals reported on leadership changes.
– St. Louis Post-Dispatch covered store closures.
– Associated Supermarkets: Roche Bros., Rosauers Supermarkets, Rouses, Russ’s Market, Schnucks.
Save A Lot Food Stores Ltd. is an American discount supermarket chain store headquartered in St. Ann, Missouri, in Greater St. Louis. It has about 900 independently owned and operated stores across 32 states in the United States with over $4 billion in annual sales.
 | |
| Company type | Private |
|---|---|
| Industry | Grocery Retail |
| Founded | 1977, Cahokia, Illinois |
| Founder | Bill Moran |
| Headquarters | St. Ann, Missouri |
Number of locations | 900 |
Key people | Leon Berman (CEO) Mark Hutchens (Chief Finance & Transformation Officer) Karen Procell (Chief Legal & Administrative Officer) Tim Schroder (Chief Sales & Marketing Officer John Hird (Chief Supply Chain Officer) Jennifer Hopper (Chief Information & Digital Officer) Mark Lacey (SVP of Human Resources) |
| Products | Bakery, dairy, deli, frozen foods, general grocery, meat, produce, snacks, seafood, liquor |
| Owner | Supervalu (1994–2016) Onex Corporation (2016–2020) |
| Website | savealot |
Stores carry most grocery products, with an assortment of fresh, canned and frozen produce, meat, meal products, household items and everyday groceries. Save A Lot grocery stores sell national brands and private label brands at a discounted price. A typical Save A Lot grocery store is 15,000 square feet (1,400 m2) with items displayed in their cardboard shipping boxes.