The Omaha World Herald has an interview with Hy-Vee CEO Randy Edeker in which he says that "Hy-Vee expects to open two more full-service stores in the Omaha metro area in three to four years as the city’s population grows and expands westward," and "also has explored building a smaller-format store in downtown Omaha."
That downtown Omaha store, the story says, "could be similar to what Hy-Vee has under construction in downtown Des Moines: a four-story structure housing a 35,000-square-foot supermarket, 81 apartments and a two-level parking garage. That store is expected to open this winter." He says that "Hy-Vee, which is based in West Des Moines, toured stores in New York City to get a feel for what an upscale urban grocery could offer."
Edeker also tells the World Herald that the company will open a central fulfillment facility later this year for its Aisles Online e-commerce program; to date, Hy-Vee has been fulfilling orders out of individual stores. The central location is expected to make the program more efficient and hence, more profitable.
Edeker says that Aisles Online isn't profitable yet, and to reach that point, "It has to reach a critical mass."
Edeker also says that he would be "disappointed" if Hy-Vee's annual sales did not exceed $10 billion in 2016; it hit $9.3 billion in 2015.
That downtown Omaha store, the story says, "could be similar to what Hy-Vee has under construction in downtown Des Moines: a four-story structure housing a 35,000-square-foot supermarket, 81 apartments and a two-level parking garage. That store is expected to open this winter." He says that "Hy-Vee, which is based in West Des Moines, toured stores in New York City to get a feel for what an upscale urban grocery could offer."
Edeker also tells the World Herald that the company will open a central fulfillment facility later this year for its Aisles Online e-commerce program; to date, Hy-Vee has been fulfilling orders out of individual stores. The central location is expected to make the program more efficient and hence, more profitable.
Edeker says that Aisles Online isn't profitable yet, and to reach that point, "It has to reach a critical mass."
Edeker also says that he would be "disappointed" if Hy-Vee's annual sales did not exceed $10 billion in 2016; it hit $9.3 billion in 2015.
- KC's View:
