The Save Mart Companies
TypePrivate
IndustryRetail
FoundedJanuary 17, 1952 (January 17, 1952)
Modesto, California, U.S.
FoundersMichael Piccinini and Nicholas Tocco
Headquarters
Modesto, California
,
U.S.
Number of locations
293, including 204 supermarkets and 89 pharmacies (Q3 2021)[1]
Area served
United States
ProductsGrocery,
Pharmacies, supermarket
RevenueIncrease US$4.6 billion (2019)[2]
Number of employees
23,000 (2020)[3]
DivisionsInter-American Products
various chains
Websitewww.thesavemartcompanies.com
www.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 names of Save Mart, Lucky, Lucky California, FoodMaxx, and Maxx Value Foods. The stores are located in northern and central California and northern Nevada.

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.[4]
  • 1952 – First Save Mart store opens in Modesto, California.
  • 1973 – Yosemite Wholesale opens in Merced, California.
  • 1981 – Bob Piccinini is named president.
  • 1984 – Save Mart partners with two other retailers to launch Mid-Valley Dairy, producer of Sunnyside Farms products. SMART Refrigerated Transport opens in Turlock, California.
  • 1985 – Bob Piccinini purchases Save Mart Supermarkets and becomes CEO.
  • 1986 – Opens its first two FoodMaxx stores in Bakersfield, California in partnership with the Fleming Company.
  • 1988 – Partners with two other retailers to open Sunnyside Farms Dairy product plant in Turlock.
  • 1989 – Acquires 27 Fry's supermarkets in Stockton, California, Lodi, California and in the San Francisco Bay Area.
  • 1991 – Helps found and becomes a voting partner in Super Store Industries (SSI).
  • 1997 – Acquires 10 Lucky stores in California.
  • 2006 – Acquires Albertsons stores in the Sacramento, California area, San Francisco Bay Area, Central Valley and northern Nevada and converts them to Lucky and Save Mart stores in 2007. The acquisition marks the company's first foray outside of its home state of California.
  • 2012 – Rebrands Monterey Bay Save Mart locations into Lucky stores.
  • 2022 – The company is acquired by private equity firm Kingswood Capital Management.[5]

Banners and brands

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 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.[6]

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.[1]

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

  • Sunny Select – grocery products
  • Market Essentials – grocery products
  • Simply Done – paper products (toilet paper, napkins, foil, plates, etc.)
  • Valu Time – packaged foods and general merchandise
  • Sunnyside Farms – dairy and frozen foods
  • Bayview Farms – dairy and frozen foods
  • Pacific Coast Selections – fresh and packaged foods
  • Pacific Coast Café – coffee
  • Full Circle – organic packaged foods
  • Master Cut – meats
  • Maxx Value – meats
  • Master Catch – fish and seafood
  • Top Care – over-the-counter medications
  • Paws Premium – pet food
  • Bohemian Hearth – bread
  • Lucky California – specialty deli

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).[7]

  • Yosemite Wholesale (Merced) is a dry and packaged good warehouse servicing all of the company's stores.
  • Save Mart Supermarkets Distribution Center (Roseville) services all of the company's stores.
  • SMART Refrigerated Transport (Lathrop) is a trucking firm that transports dry groceries, frozen foods, ice, and novelties to all of Save Mart Supermarkets’ stores. The company also works as an outside contractor hauling products for other retailers.

Store closures

Since 2010, the company has closed stores in Bakersfield, Clovis, Delano, Elk Grove, Folsom, Fresno, Kerman, Madera, Merced, Milpitas, Modesto, Sparks, Sanger, San Pablo, Tracy and Yuba City, due to competition, higher prices and other reasons.[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.

References

  1. 1 2 "Company Profile". Retrieved 2021-12-14.
  2. ↑ "Save Mart Supermarkets on the Forbes America's Largest Private Companies List". Forbes. Retrieved 2015-04-28.
  3. ↑ "#91 Save Mart Supermarkets". Forbes.
  4. ↑ 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.
  5. ↑ "The Save Mart Companies Announces Acquisition by Kingswood Capital Management". 28 March 2022. Retrieved April 26, 2022.
  6. ↑ "CompanyHistory". Retrieved October 8, 2015.
  7. ↑ "Hey Moo!". Super Store Industries. Archived from the original on November 21, 2011. Retrieved 30 November 2011.
  8. ↑ "Save Mart Closing Two Stores". Supermarket News. 2010-09-28. Retrieved 2015-04-28.
  9. ↑ "Clovis Save Mart closing; national retailer moving in". The Fresno Bee. Archived from the original on January 18, 2016. Retrieved 2015-04-28.
  10. ↑ North, Mike. "Save Mart closing two Merced stores". The Merced Sun-Star. Retrieved 2015-04-28.
  11. ↑ "Save-Mart To Close Store In Elk Grove". CBS Sacramento. 2012-06-01. Retrieved 2015-04-28.
  12. ↑ Bowers, Wes. "Milpitas Save Mart to close". San Jose Mercury News. Archived from the original on 2016-01-18. Retrieved 2015-04-28.
  13. ↑ Stapley, Garth. "Save Mart to close grocery store in downtown Modesto". The Modesto Bee. Retrieved 2015-04-28.
  14. ↑ 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.
  15. ↑ Vodden, Eric. "Yuba City's Save Mart will close in March". The Appeal-Democrat. Retrieved 2015-04-28.
  16. ↑ "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.
  17. ↑ Rizzo, Denise Ellen (2015-02-19). "Biz Buzz: FoodMaxx to replace 11th Street Save Mart". Tracy Press. Retrieved 2015-04-28.
  18. ↑ "Save Mart Supermarkets closing grocery store in Folsom". Sacramento Business Journal. 2015-04-22. Retrieved 2015-04-28.
  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
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