Giant Iowa Grocery Chain Pulls Plug on Minnesota Expansion
As competition and popularity increase for food supplies so does the need to re-evaluate strategies. And that's just what the Hy-Vee food chain is doing.
There are currently 13 stores in the Minneapolis, Minnesota metro. Plans called for Hy-Vee to add to that number by building in Farmington, Chaska, Blaine, Maple Grove, and West St. Paul.
The additional Twin Cities projects are being changed now to focus on larger blueprints.
Earlier this year Hy-Vee Chairman, President, and CEO Randy Edeker also unveiled an expansion plan for the southern states of Alabama, Indiana, and Kentucky.
There are over 285 Hy-Vee stores in their stable with six Sioux Falls Locations.
Edeker pointed out in an interview with Supermarket News the changes that have come with COVID.
“COVID blew up the grocery industry, and a lot has changed,” he explained. “So it’s not us departing the area that we’re in. It’s really looking to the future — where are we going to grow? And as we look at cities of over 150,000 people, those would be our targets. If you look at our [current] eight-state trade territory, there are only 18 cities with over 150,000 people.”
The Top-10 Twin Cities Grocers finds Hy-Vee at #9.
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