Save-a-lot | St. Louis Public Radio

Save-a-lot

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Save-A-Lot, the discount grocery chain headquartered in Earth City, could soon be publicly traded as a stand-alone company.

Minneapolis-based SuperValu filed paperwork this week with the Securities and Exchange Commission to spin off its subsidiary.

Its shareholders will own about 80.1 percent of Save-A-Lot, which will be publicly traded. SuperValu will retain 19.9 percent ownership. 

As she held and examined leafy green vegetables at the new Save-A-Lot grocery store in Pagedale the other day, Coreen Davis didn't need to be reminded that she hasn't been able to walk into a new supermarket in that part of St. Louis County for 40 years.

Pagedale but for surrounding communities."

He added that it wasn't easy to make the store a reality. The process involved tax increment financing, the buyout of about 10 properties, and developing the project "in a way that the provider of the grocery store in this case can pay rent that makes economic sense."