Hy-Vee has taken over a previous Cub Foods storefront in Plymouth, Minn., in what is the retailer's first store in the Minneapolis area that was not built from the ground up. It's also its smallest store in the region, at 56,000 square feet versus approximately 90,000 square feet for its ground-up units.
The move sparked local speculation that Hy-Vee could be a suitor for all of Cub Foods stores, which are being marketed for sale by new owner United Natural Foods, but Randy Edeker, CEO of Hy-Vee, told the Star Tribune that the move into the new store was “not part of a strategy.”
“It came available and so we decided to pursue it,” he said of the Plymouth unit. “I’m not going to put Hy-Vee at risk. ... We’re going to stay on a steady growth plan that’s manageable.”
As such, the retailer has several new stores planned for the Minnesota market in the future.
Squeezing itself into a smaller-than-usual space forced Hy-Vee to make some changes to its typically vast format. For example, the store will not have segregated floral, baby, pet or Basin personal care sections but will instead have these offerings sprinkled throughout the store. Its wine and spirits shop will be available in an adjacent building that was purchased from another business.