Parent company of Shoppers plans sale of D.C.-Baltimore grocery chain
By Phil Davis
The Baltimore Sun|
Mar 25, 2019 at 8:35 PM
The parent company for Shoppers Food & Pharmacy stores plans to sell the grocery chain this year, spurring fears the popular chain could be closing stores in the near future.
Executives with United Natural Foods Inc., which purchased the chain’s previous parent company Supervalu for $2.9 billion last year, plan to sell the chain, according to the Providence, R.I.-based company’s financial filings.
During a March 5 earnings call, United Natural CEO Steve Spinner said that the company is “well down the path on selling Shoppers and I’m confident we’ll get that done in the coming months.”
Spinner said during the call that United Natural Foods’ “goal is to thoughtfully and economically divest the retail banners … which would allow us to strategically focus solely on our wholesale business.”
“Our members have been the backbone of Shoppers stores for far longer than UNFI has had any interest in those starts and they deserve far more respect than UNFI has shown them in this process,” he wrote. “They deserve to know what the future holds.”