As part of a multistate expansion, Hy-Vee supermarket chain plans to enter Indiana with a massive store in Zionsville, a suburb just north of Indianapolis.
According to SupermarketNews, Hy-Vee said Wednesday that it aims to open an approximately 150,000-square-foot store, including a pharmacy, at the southwest corner of Whitestown Parkway and S. County Road 700 E. in Zionsville. Currently, the West Des Moines, Iowa-based food and drug chain is finalizing plans to secure about 26 acres at the Indiana site and conducting due diligence for the location.
“As Hy-Vee continues to grow and evolve, we have so much to offer consumers across the U.S. that we knew it was time to expand our footprint even further,” Chairman and CEO Randy Edeker said in a statement. “As customers’ shopping habits change and their needs evolve, we have services and offerings that we believe will bring an entirely new retail experience to those in Indianapolis.”
Hy-Vee noted that the Zionsville store will be one of the first locations to open outside its current eight-state Midwestern market area.
THE EXPANSION OF HY-VEE IN THE US
According to a report last month by the Des Moines Register, Hy-Vee is slated to build a new distribution center to supply seven new stores in Indiana, Tennessee, Alabama, and Kentucky opening in 2023, part of more than 20 new stores expected to open over the next four years.
Besides the Zionsville, Ind., store, the first new locations include four stores in Tennessee (two in the Nashville area and one apiece in Knoxville and Memphis) and one each in Huntsville, Ala., and Louisville, Ky., the Des Moines Register reported. The expansion would stretch Hy-Vee’s market area from states on the Canadian border (Minnesota) to the Gulf Coast (Alabama) and extend the retailer’s footprint into the Southeast.
Hy-Vee didn’t provide an expected opening time frame for the Zionsville store but said additional details on the new location are forthcoming.
Currently, Hy-Vee operates more than 285 food and drug stores under a range of formats in Iowa, Illinois, Kansas, Minnesota, Missouri, Nebraska, South Dakota, and Wisconsin. The company generates annual sales of over $12 billion.