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Dive Brief:<\/p>\n
Hy-Vee has agreed to sell 21 Fast & Fresh convenience stores to Pump & Pantry for an undisclosed amount, the companies announced Friday.
\nExpected to close in July, the deal includes 18 locations in Iowa, two in Nebraska and one in Minnesota, according to the announcement. Five of the sites include an in-store Starbucks, while seven have a Smokey Row Coffee shop.\u00a0
\nLucas Glasgow, senior vice president of Hy-Vee Fast & Fresh, said this sale will let Hy-Vee focus more on its grocery business as well as the c-stores that are adjacent to its supermarkets.<\/p>\n
Dive Insight:<\/p>\n
Hy-Vee has built a large network of Fast & Fresh c-stores across the Midwest over the years. This deal indicates the grocer wants to focus on the locations that directly complement its supermarket business.<\/p>\n
\u201cThis move allows us to put more focus on our core business of operating retail grocery stores as well as convenience stores that are adjacent to our existing Hy-Vee stores,\u201d Glasgow said in a statement.\u00a0\u201cOnce the transition is complete, we will continue operating 168 convenience stores and have plans to build more Hy-Vee stores in 2027 and beyond.\u201d<\/p>\n
Pump & Pantry intends to rebrand all 21 locations to its banner once the deal closes, and current Hy-Vee employees will have the opportunity to transition to employment with Pump & Pantry, according to the announcement. About 15 of the 21 sites are located in the Des Moines metro area, with the rest in Davenport and Marion, Iowa; Omaha, Nebraska; and Lakeville, Minnesota.\u00a0<\/p>\n
\u201cWe\u2019re confident that these locations, under the Pump & Pantry brand, will continue to deliver the same outstanding quality and value to customers on the go as they\u2019ve come to expect from our stores,\u201d Glasgow said in the announcement.<\/p>\n
Pump & Pantry will bring its Pumped Up Rewards platform \u2014 which features app discounts, scratch and win games, online ordering and real-time fuel pricing \u2014 to these stores, but the retailer will retain Hy-Vee\u2019s Fuel Saver redemptions. On top of that, Pump & Pantry intends to roll out the grocer\u2019s fuel savings platform across the rest of its c-stores in Nebraska.<\/p>\n","protected":false},"excerpt":{"rendered":"
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Hy-Vee has agreed to sell 21 Fast & Fresh convenience stores to Pump & Pantry for an undisclosed amount, the companies announced Friday. Expected to close in July, the deal includes 18 locations in Iowa,<\/p>\n","protected":false},"author":2,"featured_media":6381,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[5184,5182,5180,5183,5181],"class_list":["post-6380","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nebraska","tag-nebraska","tag-nebraska-dining","tag-nebraska-food","tag-nebraska-grocery-stores","tag-nebraska-restaurants"],"share_on_mastodon":{"url":"https:\/\/vive.im\/@dc\/117263495702406042","error":""},"_links":{"self":[{"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/posts\/6380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/comments?post=6380"}],"version-history":[{"count":0,"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/posts\/6380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/media\/6381"}],"wp:attachment":[{"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/media?parent=6380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/categories?post=6380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.diningandcooking.com\/us\/wp-json\/wp\/v2\/tags?post=6380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}