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Save A Lot, the St Louis-based grocer, plans to remodel all of its stores

Save A Lot, the St Louis-based grocer, plans to remodel all of its stores
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United statesDiana barrKenneth mcgrathSavea lotAssociate editorLouis business journalNew orleansShaping saveBarbour laneBain capitalஒன்றுபட்டது மாநிலங்களில்டயானா பார்கெநெத் மக்ர்யாத்சேவா நிறையஇணை ஆசிரியர்லூயிஸ் வணிக இதழ்

How CEO Kenneth McGrath is turning Save A Lot around

Shaping Save A Lot: How CEO Kenneth McGrath is turning the discount grocer around When Save A Lot was purchased, I was offered the chance to lead it, and I really didn’t hesitate to say yes. Credit: SLBJ Published: 7:31 AM CST January 8, 2021 Updated: 7:31 AM CST January 8, 2021 ST. LOUIS The time was late 2016. The place: St. Louis. The problem: Save A Lot. Saddled with debt, the national discount grocer was losing market share to big-box retailers like Walmart, regional players like Schnucks and Dierbergs and fellow small-format value stores like Aldi. Earlier that year, its Minnesota-based parent company, SuperValu Inc., had tried to spin off Save A Lot as a separate company. When that failed, SuperValu offloaded it for $1.4 billion to Onex Corp., a Canadian private equity firm, which promptly began searching for a new CEO who could turn things around.

United statesKenneth mcgrathNeicy yokelyOnex corpSupervalu incSavea lotShaping saveGermany based lidlEast coastஒன்றுபட்டது மாநிலங்களில்கெநெத் மக்ர்யாத்ஒநெக்ஷ கார்ப்சுபெற்வழு இன்க்சேவா நிறையவடிவமைத்தல் சேமிகிழக்கு கடற்கரை