Food Trade News
Improved Sales Comps, Debt Reduction Providing Momentum
Redner’s Markets, Inc. has announced the recent promotions of 16 members within the company’s leadership team. Along with the promotions, they have also announced...
$114 Million Investment Also Features ‘Giant Direct’ Expansion
The units were part of a 27-store package of locations that were originally owned by Best Markets, which the privately-held extreme value merchant acquired in January 2019.
The high-volume merchant announced it will invest $175 million to build the full-service, regional distribution operation.
The move includes the acquisition of three warehouse assets from C&S Wholesale Grocers and new leases on another two facilities.
26 remaining stores will continue to operate.