Save Mart Supermarkets

Last updated
The Save Mart Companies
Company type Private
Industry Retail
FoundedJanuary 17, 1952;72 years ago (January 17, 1952) in Modesto, California
FoundersMichael Piccinini and Nicholas Tocco
Headquarters,
United States
Number of locations
194 stores
Area served
Northern/Central California, Northern Nevada
RevenueIncrease2.svg US$4.6 billion (2019) [1]
OwnerKingswood Capital Management
Number of employees
Decrease2.svg 12,000 (2023)
Subsidiaries Lucky, FoodMaxx
Website thesavemartcompanies.com
savemart.com

The Save Mart Companies is an American grocery store operator founded and headquartered in Modesto, California. It owns and operates stores under the Save Mart, Lucky, and FoodMaxx brands. The stores are located in northern and central California and northern Nevada. Private equity firm Kingswood Capital Management owns the company.

Contents

Overview

Save Mart stores are full-service grocery stores with a broad product offering, including fresh produce, bakery goods, deli foods and ethnic foods. In Lodi and Stockton, an unrelated Save Mart chain operated and so stores were branded under the S-Mart Foods name. The unrelated chain has since folded and the stores in Lodi and Stockton are now under the Save Mart banner.

Company history

This Pacific Grove, California supermarket was one of several former Albertsons stores acquired by Save Mart in 2007. PacificGrove SaveMart 2011-02.jpeg
This Pacific Grove, California supermarket was one of several former Albertsons stores acquired by Save Mart in 2007.

Banners and brands

Checkout lanes inside a Save Mart (formerly an Albertsons) supermarket in Pacific Grove, California. PacificGrove SaveMart 2011-01.jpeg
Checkout lanes inside a Save Mart (formerly an Albertsons) supermarket in Pacific Grove, California.

Save Mart Supermarkets includes a number of store banners and private label product brands.

Lucky

Lucky is a chain of full-service grocery stores with a broad product offering, including fresh produce, bakery goods, deli foods, and ethnic foods. The chain operates in and around the San Francisco Bay Area under its own banner and its newer banner concept, Lucky California. Lucky is a revival of the original chain after Save Mart acquired the northern California Albertsons stores from Cerberus Capital Management in 2006, which included the rights to use the Lucky name.

FoodMaxx

FoodMaxx logo FoodMaxx logo.svg
FoodMaxx logo

FoodMaxx is Save Mart's warehouse-style grocery chain. It began in 1986, when Save Mart's then-CEO Bob Piccinini saw the potential of the no-frills grocery store concept which offered the same products at a fraction of the price. Piccinini opened two new Food 4 Less stores in the Fresno area. [4]

After the success of the two new Food 4 Less stores, the first FoodMaxx in Fresno opened in 1989. By 2000, 15 stores had opened. As of 2021, There are currently 51 store locations in California and 2 in Nevada. [5]

Maxx Value Foods

A grocery store in Modesto that offers products at warehouse-store prices without a store club membership fee. It is part of the FoodMaxx banner.

Store brands

Distribution infrastructure

Super Store Industries (Lathrop) also produces and packages bottled beverages, cultured dairy products, and frozen dairy products for several brands, including Sunnyside Farms yogurt, Stater Brothers ice cream, and Minute Maid orange juice. SSI owns and operates Sunnyside Farms (Fairfield) and Sunnyside Farms Dairy (Turlock). [6]

Store closures

Since 2010, the company has closed stores in Bakersfield, Clovis, Delano, Elk Grove, Folsom, Fresno, Kerman, Larkspur, Madera, Merced, Milpitas, Modesto, Sparks, Sanger, San Pablo, Tracy and Yuba City, due to competition, higher prices and other reasons. [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18]

Lawsuits

In a 2013 settlement with 35 California district attorneys, the company agreed to pay $2.55 million in civil penalties, costs and expenses for violating state law on storage, handling and disposal of hazardous materials, including bleaches, batteries, electronic devices, ignitible liquids, aerosol products and cleaning products. [19] [20]

In 2015 the company agreed to pay $277,319 in back pay and damages to distribution center workers in Vacaville (now closed) and Roseville. A U.S. Department of Labor investigation found the company failed to include bonuses in the employee rate of pay when computing overtime. [21] [22]

Unions

Employees at the company's stores are represented by labor unions. [23] These include: United Food and Commercial Workers, Teamsters, Service Employees International Union and Machinist Automotive Trades District.

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References

  1. "Save Mart Supermarkets on the Forbes America's Largest Private Companies List". Forbes. Retrieved 2015-04-28.
  2. Calderon, Victor (2007-07-09). "Save Mart in, Albertsons out". The Salinas Californian. p. 1. Archived from the original on July 12, 2012. Retrieved 2011-04-30.
  3. "The Save Mart Companies Announces Acquisition by Kingswood Capital Management". 28 March 2022. Retrieved April 26, 2022.
  4. "CompanyHistory" . Retrieved October 8, 2015.
  5. "Company Profile" . Retrieved 2021-12-14.
  6. "Hey Moo!". Super Store Industries. Archived from the original on November 21, 2011. Retrieved 30 November 2011.
  7. "Save Mart Closing Two Stores". Supermarket News. 2010-09-28. Retrieved 2015-04-28.
  8. "Clovis Save Mart closing; national retailer moving in". The Fresno Bee. Archived from the original on January 18, 2016. Retrieved 2015-04-28.
  9. North, Mike. "Save Mart closing two Merced stores". The Merced Sun-Star. Retrieved 2015-04-28.
  10. "Save-Mart To Close Store In Elk Grove". CBS Sacramento. 2012-06-01. Retrieved 2015-04-28.
  11. Bowers, Wes. "Milpitas Save Mart to close". San Jose Mercury News. Archived from the original on 2016-01-18. Retrieved 2015-04-28.
  12. Stapley, Garth. "Save Mart to close grocery store in downtown Modesto". The Modesto Bee. Retrieved 2015-04-28.
  13. Garaygordobil, Gene. "Delano Save Mart sells to competitor, closing later this month". Delano Now.com. Archived from the original on 2016-01-18. Retrieved 2015-04-28.
  14. Vodden, Eric. "Yuba City's Save Mart will close in March". The Appeal-Democrat. Retrieved 2015-04-28.
  15. "Save Mart plans to convert southeast Fresno store to FoodMaxx". The Fresno Bee. Archived from the original on 2015-04-28. Retrieved 2015-04-28.
  16. Rizzo, Denise Ellen (2015-02-19). "Biz Buzz: FoodMaxx to replace 11th Street Save Mart". Tracy Press . Retrieved 2015-04-28.
  17. "Save Mart Supermarkets closing grocery store in Folsom". Sacramento Business Journal. 2015-04-22. Retrieved 2015-04-28.
  18. Guerrero, Susana (March 28, 2023). "Lucky supermarket is set to close Bay Area storefront after 40 years". San Francico Chronicle. Retrieved April 17, 2024.
  19. Bonnett, Jennifer (2013-04-04). "$2.6 million settlement in Save Mart lawsuit". Lodinews.com. Retrieved 2015-04-28.
  20. "Save Mart to pay $2.5M from hazardous waste suit". Thebusinessjournal.com. Archived from the original on 2013-09-20. Retrieved 2019-10-12.
  21. "Save Mart to pay thousands in back pay, damages to distribution center workers in Vacaville, Roseville". Thereporter.com. 13 April 2015. Retrieved 2015-04-28.
  22. "Save Mart to pay workers back wages, damages". Central Valley Business Times. Modesto, California. 2015-04-13. Archived from the original on 2015-04-28. Retrieved 2015-04-28.
  23. Fact Sheet Save Mart Supermarkets. Retrieved December 31, 2016