Here’s a press release that just came out from Hy-Vee, Inc.
Hy-Vee, an employee-owned grocery retailer, is planning to open grocery stores in the Twin Cities area. This will affect all grocery deal-seekers as new stores = new ways to save on your groceries!
Currently, there are 17 Hy-Vee grocery stores in Minnesota, spread throughout the lower portion of the state including Albert Lea, Faribault, and Mankato.
Sounds like Hy-Vee is adding to the already fiercely competitive grocery market in the Twin Cities. From a recent Star Tribune article:
“Each new Hy-Vee store will be approximately 90,000 square feet and entail an investment of $14 million to $16 million. “That’s a big store,” Dean said, noting that the average Cub Foods outlet is about 70,000 square feet.
Hy-Vee stores have dietitians on staff and feature an 8,000-square-foot space devoted to organic and natural foods. Hy-Vee outlets in the Twin Cities will also feature the company’s Market Grill, a sit-down, full-service restaurant that often features bar service.”
2/24/2014
FOR IMMEDIATE RELEASE
WEST DES MOINES, IA – Hy-Vee, Inc., an industry leading grocery retailer with 235 stores in eight states, announced plans today for a major expansion of its Minnesota operations into the Twin Cities market. Hy-Vee has been a fixture in Minnesota communities since 1969 and currently has 17 employee-owned stores statewide with approximately 5,100 employees.
“Our commitment to excellent customer service, health and wellness, and culinary expertise is unlike anything in the market to date,” said Randy Edeker, Chairman, CEO and President of Hy-Vee, Inc. “Minnesota and its residents have long been important partners, and we are proud to extend that partnership into the Twin Cities area.”
The proposed expansion would add several new stores to the Twin Cities market per year, over the next several years. Each store opened will be approximately 90,000-square foot, with an investment of approximately $14-16 million, creating anywhere from 400-550 new jobs.
Hy-Vee is an employee-owned retail corporation dedicated to providing shoppers with quality products and service offerings. Hy-Vee stores emphasize freshness, wellness, variety and one-stop shopping convenience. Store amenities often include: Market Grill or Market Cafe with sit-down, wait-staffed service; pharmacies with drive-up windows; in-store dietitians and wellness department; floral design and shop; certified wine, beer and spirit specialists; specialty cheese and artisan bread; in-store chefs and cooking demonstration stations; and dry cleaning and postal services.
The company has one location under contract in the Twin Cities area, with several more projects in various stages of research and development.
Hy-Vee, Inc. is an employee-owned corporation operating 235 retail stores in eight Midwestern states. For 2013 the company recorded sales of $8 billion, ranking it among the top 25 supermarket chains and the top 50 private companies in the United States.
