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Retailers

MacGregor Read Stepping Down From Grocery Outlet

The vice chairman and former co-CEO will remain on the board of the discounter, which was founded by his grandfather.

Retailers

Save A Lot Recapitalizes, Could Pivot to Wholesale

An agreement with lenders provides $138 million in new capital and a "statement of confidence" in the transforming discounter, which sources said could pivot to wholesaling.

The discounter said it was "neutral” toward TRC Capital’s offer but reminds shareholders to check the price.

Failed Winn-Dixie conversions, debt to supplier at issue in Shoppers Value bankruptcy

Food retailing got little more sophisticated—and a lot more personal.

A group of U.S. Navy and Marine veterans who invested in Save A Lot stores on a "mission" to combat food deserts say the chain's private owners deliberately misled and underserved them.

"It's just the beginning for us," says Chairman Roman Heini, as the discounter's Long Island debut highlights a new growth spurt.

A facilities redesign reportedly puts warehouse—and stores—“several years out,” but local sources still expect the fast-growing discounter to arrive in the state.

Sites in West Babylon and Center Moriches to kick off wave of new stores and Best Market conversions.

John "Jeb" Bachman and Mary Kay Haben join as nonemployee directors as the discounter's board expands to 11 members.

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