Ukrop’s is again in the headlines for a possible sale. And like last time, it’s because a grocery industry website ran a blurb about a possible sale. Local investment bankers and professionals are wondering: Where are the leaks?
Ukrop’s
Richmond reacts to possible sale of Ukrop’s
Richmonders are already acting like Ukrop’s has sold. In part that’s likely because the rumors sound so plausible. Indeed, dozens of business owners and other leaders have said they were not surprised. And for the first time, the company has released a short statement.
Ukrop’s for sale?
Ukrop’s may be for sale.
The website for a grocery trade journal is reporting today that a prospectus for Ukrop’s has been circulated to prospective buyers, which might include grocers such as Minnesota-based Supervalu and North Carolina-based Harris Teeter.
VCU reveals plans for grocery store site
The empty grocery store and parking lot at Grace and Harrison streets could soon be converted into classrooms and library storage for VCU, according to the school’s facility manager.
VCU foundation buys former Ukrop’s for $9 million
The VCU Real Estate Foundation purchased the former Ukrop’s store and parking lot at Grace and Harrison streets for more than four times what a previous investor paid in 2002. The purchase price is three times the property’s assessed value, according to city land records. The purchase was completed Dec. 23. The foundation is a… Read more »
Ukrop’s puts brakes on gas promotion
In an unusual newspaper advertisement, Ukrop’s supermarkets told shoppers Monday that it was reducing its fuelperks! promotion, which allowed motorists to get a discount of $.10 a gallon when they flashed their Ukrop’s card at participating gas stations. Now motorists can get only get $.05 off a gallon of gas. The full-page ad first appeared… Read more »
Ukrop’s fuel program pumped over 3.5 million gallons
Ukrop’s new fuelperks! program saved customers $2 million on gasoline since its launch on June 30, the Times-Dispatch reports Monday. Customers who use their Ukrop’s Valued Customer card at participating gas stations save 10 cents for every $50 they spend at the supermarket. So far the discount has been applied to 3.5 million gallons of… Read more »
Ukrops fuels trucks with biodiesel
Ukrop’s is turning used chicken-fryer oil into biodiesel fuel that will be used to power the super market’s fleet of vehicles This weekend marked the first time that Ukrop’s trucks and trailers were filled up with locally mixed biodiesel fuel. Two local partners play central roles in the operation. Richmond-based RECO Biodiesel, Inc. collects recycled… Read more »
45,000 sign up for Ukrop’s gas promotion
Richmonders have knocked $256,000 off their gasoline bill by swiping their Ukrop’s member cards at Uppy’s gas stations. Las month, Ukrops and Uppy’s launched a joint promotion last month called fuelperks!. BizSense reported it here. For every $50 spent on groceries at Ukrop’s, customers get 10 cents off each gallon of gas at Uppy’s. If… Read more »
Same Box, Same Price, Less Food
The boxes, cartons and cans at the grocery stores are getting smaller – although you have to look really carefully to notice. As reported by MSNBC, manufacturers have begun “short-sizing” their products. The practice consists of cutting down the amount of stuff they put into their packages in order to keep costs down. In the… Read more »