Loading…

SEG says bye-bye to BI-LO banner

biloSoutheastern Grocers Inc., parent company of BI-LO, Fresco y Más, Harveys Supermarket and Winn-Dixie stores, announced today a series of transactions aimed to ensure the company continues to thrive and support the long-term growth of its core banners.

The company has made the strategic decision to no longer operate stores under the BI-LO banner to allow for greater investment in growing the Fresco y Más, Harveys Supermarket and Winn-Dixie banners. To further that goal, SEG has reached an agreement to sell 62 stores, including 46 BI-LO and 16 Harveys Supermarkets, to Food Lion and is actively exploring strategic options for the remaining BI-LO stores, including other potential transactions.

Separately, SEG is also divesting the assets of 57 of the in-store pharmacies it operates under the BI-LO and Harveys Supermarket banners to CVS and Walgreens. These locations, which include all of the company’s BI-LO pharmacies and nine Harveys Supermarket pharmacies in Georgia, will begin to transition within the next two weeks. During this process, SEG will seek to minimize any interruption to customers and to ensure the smooth transition of their prescriptions.

"The successful execution of our long-term transformation strategy may at times require difficult decisions," said Anthony Hucker, president and CEO of SEG. "Today’s transactions are a critical strategic move and an important next step for our continued growth and broader evolution as a business. These actions will facilitate greater investment in our remaining footprint so we can continue to provide an exceptional shopping experience our customers can always count on.”

These transactions build on previous announcements made by SEG — such as the opening of a new store earlier this year and the acquisition of eight new store locations from Lucky’s Market and Earth Fare — as part of its business transformation strategy to strengthen its overall performance in an increasingly competitive sector. The company continues to maintain momentum with its commitment to refreshing stores; nearly 40 percent of the total store fleet has benefited from renewal in the past three years.

tpn daily signup

Ag visionary Dick Symms mourned
Richard (Dick) Allen Symms, a visionary in the agriculture business, died July 13. He was 84. Mr. Symms led Symms Fruit Ranch into the largest fruit company in Idaho and one of the top 25 fruit companies in the United States. He grew Ste Chapelle Winery into the second-largest winery in the Northwest. Born to G. Darwin and Read More ...
Albertson’s Donald praises retail sector, touts organics
During an online Organic Produce Summit session, Jim Donald, Albertson’s co-chairman of the board, said that supermarket retailers and their suppliers have never operated better or been stronger than they are today as the industry has risen to the occasion during these challenging times. He also talked about the Read More ...
Chilean lemon season in full swing
Chile has become a key supply source for lemons over the summer months, shipping 55,000 tons to the U.S. market in 2019. The Chilean Citrus Committee projects similar volumes for 2020, with 23,148 tons already shipped to the U.S. through week 28.  Steady, promotable volumes will be available through September, with shipments Read More ...
Prime Time making adjustments to new normal
Early on in its existence, Prime Time established a formula for success. It has stuck to that plan for more than a quarter century. While there have been new ventures and variations along the way, the key signature items have remained the same over the years. “The value placed on quality products and consistent, premium Read More ...
Food Lion expands delivery to more than 300 stores
Food Lion, in partnership with Instacart, is making fresh and affordable shopping as easy as opening an app. The availability of its grocery delivery service expanded to 302 stores in Maryland, North Carolina, South Carolina, Virginia and West Virginia. Customers in these delivery areas can use Food Lion's To-Go website or Read More ...
Generation Farms distributing white and purple premium garlic
Generation Farms, a leading grower-shipper of organic and conventional onions, watermelon, zucchini, squash and other fresh fruits and vegetables, is continuing to expand its product line with premium garlic. White and purple garlic are available immediately in several retail and bulk pack sizes, including the following as well Read More ...

Market Watch

the source pro-act

Western growing regions getting hit by rain, cooler temps

floral pulse