SpartanNash
 | |
| SpartanNash | |
| Formerly | Grand Rapids Wholesale Grocery Company (1917-1957) Spartan Stores, Inc. (1957-2013) |
| Company type | Public |
| Nasdaq: SPTN S&P 600 component | |
| Industry | Retailer Distribution |
| Predecessors | Nash Finch Company |
| Founded | 1917 (as Spartan Stores) 19 November 2013 (as SpartanNash) |
| Headquarters | Byron Center, Michigan |
Key people | |
| Products | Private label grocery brands |
| Revenue |  $9.348 billion USD (2021) |
Number of employees | 17,000[1] (2024) |
| Divisions | MDV SpartanNash |
| Subsidiaries | Various chains |
| Website | spartannash |
SpartanNash Company (formerly Grand Rapids Wholesale Grocery Company and Spartan Stores, Inc.) is an American food distribution and retail company headquartered in Byron Center, Michigan.[2] The company was founded in 1917 and was formerly known as Spartan Stores until it adopted its current name on November 19, 2013 following a merger with Nash Finch Company. The company's core businesses include distributing food to independent grocers, military commissaries (through MDV SpartanNash, its military division acquired through its merger with Nash Finch), and corporate-owned retail grocery stores in 44 states, Europe, Latin America, and the Middle East.
SpartanNash operates 147 corporate-owned retail stores under a number of brands located in the Midwestern United States, primarily under the banners of Family Fare, Martin’s Super Markets, and D&W Fresh Market, many of which are local and regional grocery chains acquired by SpartanNash. In terms of revenue, it is the largest food distributor serving military commissaries and exchanges in the United States. It is known for its "Our Family" line of products and formerly the "Spartan" line of products.[3]
History
[edit]The Grand Rapids Wholesale Grocery Company was founded in 1917 by a group of 43 grocers and assumed the Spartan Stores name in 1957.[4] For most of its history, Spartan was a cooperative. Spartan became a for-profit company in the 1970s.
D&W Food Centers, which Spartan would later acquire, began using Spartan as a supplier in 1961. As part of this agreement, D&W stores sold Spartan-branded products as well as private label products specifically developed for D&W. In 2000, D&W switched to Supervalu.[5]
In August 2000, following an initial public offering, Spartan Stores became publicly traded on the NASDAQ under the ticker symbol SPTN.
In 2000, Spartan Stores acquired the Maumee, Ohio-based family-owned company Seaway Food Town, whose operations included 47 Food Town supermarkets and 26 The Pharm deep-discount drugstores. By 2003, the company had discontinued Food Town operations; all stores under the Food Town name were either sold or closed.[6]
In 2005, Spartan considered an acquisition of Farmer Jack, a supermarket chain primarily operating in Michigan and parts of Ohio and Indiana, but decided not to proceed with the purchase. The company agreed to acquire D&W Food Centers, Inc.[5] in March 2006.
In 2007, Spartan acquired the Felpausch chain consisting of 20 stores, nine with in-house pharmacies, three convenience stores, and two fuel centers.[7] In February 2011, the last remaining Felpausch in Coldwater, Michigan switched over to the Family Fare name.[4]
In April 2008, Spartan announced that the store and customer lists of 12 of the 14 remaining Pharm stores would be sold to Rite Aid. The remaining two Michigan stores were sold in separate transactions. Industry experts said Rite Aid would likely keep the stores open and convert them to its own format and brand.[6] In October 2008, Spartan announced it would purchase the Fenton, Michigan-based VG's Food and Pharmacy chain after nearly 60 years as a family-owned company since its founding in 1949.[8][9]
13 Glen's Markets in Northern Michigan began undergoing conversion to the Family Fare name starting in May 2013. Three new Valu Land stores were also opened in 2013.[10]
SpartanNash
[edit]On July 22, 2013, Spartan Stores announced that it would merge with Edina, Minnesota-based Nash Finch Company. The merger was an all-stock transaction valued at $1.3 billion. Nash Finch shareholders received 1.2 shares of Spartan Stores common stock for each share of Nash Finch common stock they owned. The merger was completed on November 19, 2013, resulting in the formation of SpartanNash Company.[11]
SpartanNash signed a contract with Amazon in May 2016 to supply grocery products to Amazon's distribution centers in support of Amazon's Prime Now's same-day deliveries that would deliver perishables to customers' doors.[12]
On January 9, 2017, SpartanNash completed its acquisition of Caito Foods and Blue Ribbon Transport (BRT).[13]
In March 2017, it was announced that David Staples would replace Dennis Edison as chief executive officer of SpartanNash. Edison continued as the chairman of the company's board of directors after he retired as CEO in late May.[14]
In 2018, SpartanNash announced to their Fergus Falls Sun Mart employees on June 15, that the location would be aiming for a July 14 closure.[15] The same year, the "Spartan" brand for private label products was dropped and replaced by the "Our Family" brand.[16]
On December 31, 2018, SpartanNash completed its acquisition of South Bend, Indiana-based Martin's Super Markets. SpartanNash stated that it won't change the chain's name or close any of the chain's stores.[17][18] At the time of the acquisition, Martin's had 21 stores.[19]
In January 2019, SpartanNash filed a lawsuit against Wisconsin-based Gordy’s Markets Inc. for $46.2 million in unpaid loans.[20] SpartanNash acquired five stores from Gordy’s Markets in March 2019[21] and quickly resells three of the stores to Wisconsin-based KJ’s Fresh Market in May 2019.[22] The remaining two Gordy's stores were renamed Family Fare.[21]
David Staples resigned as president and CEO in August 2019 in the wake of the company’s disappointing financial performance and chairman Dennis Eidson became interim president and CEO.[23] On September 14, 2020, Tony B. Sarsam became the president, CEO, and director of SpartanNash.[2][24] Sarsam previously served as CEO of Borden Dairy and Ready Pac Foods.
In October 2020, SpartanNash issued warrants to Amazon to allow the e-commerce giant to purchase up to 5.4 million shares of the company over the next seven years. If Amazon decides to exercise the warrant, Amazon could potential own 14% of SpartanNash.[25]
In April 2024, SpartanNash announced the impending acquisition of the three-store Metcalfe's Market grocery chain based in Madison, Wisconsin.[26][27]
In October 2024, SpartanNash announced the impending acquisition of the regional grocer Fresh Encounter Inc. and its 49 stores across Ohio, Indiana and Kentucky. Fresh Encounter operated under the retail store banners Community Markets, Remke Markets, Chief Markets, and Needler's Fresh Market.[28][29][30]
Retail chains
[edit]Current
[edit]
- Ada Fresh Market by Forest Hills Foods – Ada, Michigan
- D&W Fresh Market – Michigan
- Dan's Supermarket – North Dakota
- Dillonvale IGA – Cincinnati, Ohio
- Family Fare Supermarkets – Minnesota, Nebraska, North Dakota, Michigan, South Dakota, and Wisconsin
- Family Fresh Market – Minnesota, Nebraska, and Wisconsin
- Forest Hills Foods – Grand Rapids, Michigan
- Fresh Madison Market – Madison, Wisconsin
- Martin's Super Markets – Indiana and Michigan
- Metcalfe’s Market - Wisconsin
- Supermercado Nuestra Familia – Omaha, Nebraska
- VG's Food Center Inc. (d/b/a VG's Grocery) – East Michigan
- Village Market - Michigan
Source: [31]
Former
[edit]- Bag 'N Save (1981–2015) switched over to the Family Fare name.[32]
- Econofoods – Minnesota and Wisconsin (until 2021)
- Family Thrift Center — South Dakota (until 2018)
- Felpausch (2007–2011) switched over to the Family Fare name.[4]
- Food Town Supermarkets (2000–2003)[6]
- Glen's Markets (1999–2014)
- The Pharm (2000–2008)[6] drug stores and fuel centers[7]
- Pick'n Save – Ironton, Ohio
- Valuland – Michigan
- Foster’s Supermarket- Evart, Reed City, Lake City, Scottville, Grand Rapids Michigan
References
[edit]- ^ "SpartanNash". SpartanNash. Retrieved March 5, 2024.
- ^ a b "SpartanNash". Fortune. Archived from the original on April 3, 2019. Retrieved July 22, 2021.
- ^ "SpartanNash introduces Our Family brand to Michigan retail stores, independent retail customers". SpartanNash Company. Archived from the original on July 15, 2019. Retrieved July 15, 2019.
- ^ a b c Stoy, Roland (February 3, 2011). "Name changed on local store". The Daily Reporter. Gatehouse Media. Retrieved December 15, 2017.
- ^ a b "Spartan Stores to Purchase D&W Food Centers". Progressive Grocer. EnsembleIQ. December 20, 2005. Retrieved December 15, 2017.
- ^ a b c d Chavez, Jon (April 4, 2008). "Spartan to sell Pharm to Rite-Aid". The Blade. Retrieved May 19, 2014.
- ^ a b Bond Emrich, Anne (March 23, 2007). "Spartan Buys Felpausch Stores". Grand Rapids Business Journal. Gemini Publications. Retrieved November 7, 2020.
- ^ Yakey, Randal (December 8, 2008). "Spartan Stores purchast VG's". The Oakland Press. Retrieved May 19, 2014.
- ^ "Family-owned VG's Food and Pharmacy grocery stores sold to Spartan". October 14, 2008.
- ^ "Spartan Stores CEO expected to talk about plans to convert 13 Glen's Markets to Family Fare stores". MLive. May 23, 2013. Retrieved July 16, 2014.
- ^ Martinez, Shandra (November 19, 2013). "Spartan Stores to become SpartanNash with completion of Nash Finch deal". MLive. Retrieved July 16, 2014.
- ^ Martinez, Shandra (May 31, 2016). "Michigan grocer 'excited' about deal with Amazon". MLive Media Group.
- ^ "SpartanNash Completes Acquisition of Caito Foods Service and Blue Ribbon Transport". Business Wire. January 9, 2017. Retrieved April 19, 2019.
- ^ "Grand Rapids-based SpartanNash names new CEO". Crain's Detroit Business. March 6, 2017. Retrieved March 6, 2017.
- ^ "Sun Mart in Fergus Falls closing". FNS. June 18, 2018. Retrieved June 20, 2018.
- ^ "SpartanNash introduces Our Family® brand to Michigan retail stores, independent retail customers". Archived from the original on July 15, 2019. Retrieved July 15, 2019.
- ^ Bauer, Caleb; Semmler, Ed (November 21, 2018). "Michigan Company Buying Martin's Super Markets Says It Won't Change Name or Close Stores". South Bend Tribune. p. A1. Retrieved November 21, 2018.
- ^ Bauer, Caleb (January 4, 2019). "Acquisition of Martin's Supermarkets by SpartanNash Is Finalized". South Bend Tribune. p. A1. Retrieved January 4, 2019.
- ^ Bauer, Caleb (January 3, 2019). "Acquisition of Martin's Supermarkets by SpartanNash is finalized". South Bend Tribune.
- ^ "SpartanNash Files Suit Against Gordy's Markets". Progressive Grocer. January 7, 2019.
- ^ a b Allen, Anne (March 13, 2019). "Gordy's Markets Rebrands After SpartanNash Purchase". Deli Market News.
- ^ "Grocery leader to acquire three Gordy's Markets". Minot Daily News. May 6, 2019.
- ^ "SpartanNash President/CEO Dave Staples Resigns". Progressive Grocer. August 12, 2019.
- ^ Diep, Lilian (September 14, 2020). "SpartanNash Welcomes Tony Sarsam as President and CEO". andnowuknow.com.
- ^ Springer, Jon (October 8, 2020). "Amazon to Take A Stake in SpartanNash". Supermarket News.
- ^ Bigora, Peyton (April 15, 2024). "SpartanNash acquires Metcalfe's Market". Grocery Dive.
- ^ "SpartanNash acquires three-store chain Metcalfe's Market". Supermarket News. April 15, 2024.
- ^ Moran, Catherine Douglas (October 14, 2024). "SpartanNash to buy regional grocer Fresh Encounter". Grocery Dive.
- ^ Goldschmidt, Bridget (October 14, 2024). "SpartanNash to Acquire Fresh Encounter". Progressive Grocer.
- ^ Riley, Chloe (October 14, 2024). "SpartanNash acquires Fresh Encounter Inc". Supermarket News.
- ^ "Our retail banners". SpartanNash Company. Retrieved February 14, 2019.
- ^ Soderlin, Barbara (February 27, 2015). "Bag 'N Save, No Frills owner to close 3 stores, remodel 6 others". Omaha World-Herald. Retrieved February 14, 2019.
