Hy-Vee's major entry into Twin Cities market
Hy-Vee's major entry into Twin Cities market
Hy-Vee Inc., a grocery retailer with 235 stores in eight states, announced plans for a major expansion of its Minnesota operations into the Twin Cities market. Hy-Vee has been a fixture in Minnesota communities since 1969 and currently has 17 employee-owned stores statewide with approximately 5,100 employees.
“Our commitment to excellent customer service, health and wellness, and culinary expertise is unlike anything in the market to date,” Randy Edeker, chairman, chief executive officer and president of Hy-Vee, said in a press release. “Minnesota and its residents have long been important partners, and we are proud to extend that partnership into the Twin Cities area.”
The proposed expansion would add several new stores to the Twin Cities market each year for the next several years. The stores will be approximately 90,000 square feet, with an investment of approximately $14-16 million, creating anywhere from 400 to 550 new jobs.
The company has one location under contract in the Twin Cities area, with several more projects in various stages of research and development.