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SpartanNash Company (formerly Spartan Stores, Nash Finch) is an American food distributor and grocery store retailer headquartered in Byron Center, Michigan. [2] The company's core businesses include distributing food to independent grocers, military commissaries, and corporate-owned retail stores in 44 states, Europe, Latin America, and the Middle East.
The Nash Finch Company, formerly a Fortune 500 company based in Edina, Minnesota, United States, was involved in food distribution to private companies, primarily independent supermarkets, and military commissaries and retail operations stores operations. Spartan Stores announced its acquisition of Nash Finch in a $1.3 billion stock-swap in 2013.
Margins matter. The more Spartan Stores (NAS: SPTN) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
The store was expanded later in the 1950s, just as Glen's became affiliated Spartan Foods (now SpartanNash). Stores in Kalkaska and Grayling opened in 1956 and 1959. [ 1 ] Throughout the 1970s, the original three stores were relocated to new buildings, while many more were added throughout northeastern Michigan.
Margins matter. The more Spartan Stores (NAS: SPTN) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
Family Fare. Family Fare is an American supermarket chain. It was founded in 1966 in Holland, Michigan, and acquired by Don Koop in 1973. The chain was largely located in central-western Michigan for most of its history, with stores in Holland and the Grand Rapids area. It has been owned by SpartanNash (formerly Spartan Foods) since the 1980s.
Spartan Stores (SPTN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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