Report: Hy-Vee embarks on aggressive growth plan

SPRINGFIELD, Ill. — The new Hy-Vee new store in Springfield, Ill., which marks the grocer’s 238th store in eight Midwestern states, is part of an aggressive growth plan, according to a local news report.

Hy-Vee chairman, president and CEO Randy Edeker told the State Journal-Register that the $20.8 million investment in the new Springfield location, which includes a pharmacy, is part of an aggressive growth plan that involves opening new stores, updating existing locations and branching out into new markets.

By the end of its fiscal year in September, Hy-Vee will have opened four new stores, including the Springfield store, expanded or remodeled 10 stores, relocated two and opened 16 convenience stores, the article states.

Furthermore, the company plans to open a new store is planned for Bloomington in the fiscal year that begins Oct. 1, and land has been purchased for a second store in Peoria, the article states. The company also just announced plans to expanding into the Minneapolis market
 

 

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