Spartan Looks Outside Michigan for Growth
Spartan Stores’ numbers look good and the company has set
its sites on bigger and better things ahead, according to The Grand Rapids
The grocery wholesaler and retailer, which achieved the second highest
level of profitability in its 92-year history over the past fiscal year, sees
opportunities to grow its business both inside and out of its Michigan home.
"We will be opportunistically seeking growth in the market or outside
the state through acquisition," CEO Dennis Eidson recently told analysts
during a recent conference call.
Spartan also believes it can achieve growth
on a smaller scale through remodels of its existing store base. The company
operates units under the D&W Fresh
Markets, Family Fare, Felpausch Foods, Glen’s Markets and VG’s Food and Pharmacy
Discussion Questions: Do you see Spartan Stores making a major acquisition(s)
outside of Michigan? What targets do you think are most likely to be acquired?
Do you think Spartan will eventually move away from its wholesaling business
to concentrate primarily on its own retail operations?