CSG Snapshot: The Save Mart Companies
1800 Standiford Ave
Modesto, CA 95350
$4.3 billion (e)
Co-President + CEO: Steve Junqueiro
Co-President + CFO: Greg Hill
Co-President + Chief Strategy and Branding Officer: Nicole Pesco
Save Mart is sporting a brand new corporate moniker (as of July) and new logos for key banners in various stages of deployment. The closing of a handful of underperforming stores in the first quarter of the year continues the gradual consolidation we’ve seen over the last decade reducing store count from a peak of 255 units after the acquisition of 132 Albertsons stores. The company also closed one of its three warehouses in recent weeks in favor of a Super Store Industries storage unit, co-owned with Raley’s Supermarkets, a move that should produce cost savings and greater efficiencies. In the meantime, the company looks to invest in new concepts, such as the Lucky California concept with its culturally diverse, California-centric approach to traditional supermarket design, and increase its market share in the Bay area.