Save-A-Lot to open 75 stores in fiscal 2017

Save-A-Lot may be facing a possible spin-off from parent company Supervalu, but the chain is still bullish about its future.



Supervalu is expected to announce the fate of its discount grocery banner next week, the St. Louis Post Dispatch reported, with Toronto private equity firm Onex Corp. the leading bidder if Supervalu does pursue a sale.



Save-A-Lot said it plans to open 75 new stores in fiscal 2017, and “we believe the United States can support more than 3,500 Save-A-Lot stores under our existing store concept and layout,” according to a regulatory filing cited in the report.



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