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Save A Lot, the St Louis-based grocer, plans to remodel all of its stores
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Save A Lot ramps up its store redesign plans
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Save A Lot Sells Stores to Family-Owned Business
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Transaction furthers discount grocer’s transition to wholesale model
As part of a shift to a wholesale business model, discount grocer Save A Lot has sold five Washington, D.C.-area stores to an independent retailer.
St. Louis-based Save A Lot said Friday that the corporate-owned stores, all in Maryland, are being purchased by AQS Foods LLC, an operator of gas stations and convenience stores. The locations sold, now operating under AQS and owner Qasim Warraich of Port Deposit, Md., are in Temple Hills (2346 Iverson St.), Forestville (7782 Marlboro Pike), Bladensburg (5416 Annapolis Rd.), Oxon Hill (6309 Livingston Rd.) and Seat Pleasant (5933 Martin Luther King Hwy.), Md.
Dive Brief:
Lidl US has named Michal Lagunionek, formerly head of the retailer’s Poland division, as its new CEO beginning in June. He will replace Johannes Fieber, who is departing to spend more time with his family, according to an internal memo Fieber sent to Lidl staff on Tuesday.
Lagunionek has held the top role in Poland for the past decade and has 20 years of experience with Lidl, according to German business publication Libbensmittel Zeitung. For the past six years, he has been a member of Lidl’s International Board, where he has overseen the company s development across multiple countries.