Make us your home page

Report: Sweetbay grocery chain may be on the sales block

The Sweetbay supermarket chain based in Tampa may be put up for sale by Belgian owner Delhaize Group as it continues to cut costs in the United States, Reuters reported.

Delhaize has hired Lazard Ltd. to sell Sweetbay as well as Harveys, another of its U.S. supermarket businesses, Reuters said, citing unnamed sources.

Delhaize CEO Pierre-Olivier Beckers, who has announced plans to retire, told Reuters that the company was looking at options for the units, but declined to comment directly on whether advisers had been appointed to conduct the sale.

"This is a question on the table at the moment," he told Reuters on the sidelines of the company's annual shareholders meeting.

Sweetbay last year said it would close 33, or about a third, of its underperforming stores in a cost-cutting move.

The closings included its high-visibility Tangerine Plaza store in St. Petersburg's Midtown district that was opened as a foundation business in a city-led neighborhood revitalization effort.

Sweetbay is the successor of the Kash n' Karry chain and was designed to be more competitive with Publix Super Markets, Florida's No. 1 grocery chain.

But Sweetbay is limited geographically to Central and Gulf Coast Florida. And it has been squeezed from above by more upscale chains and from below by discounters like Walmart, Costco, Aldi and Sam's Club.

The chain of 72 stores is operated by Delhaize America, a North Carolina subsidiary of Delhaize Group that also runs Food Lion, Hannaford and other grocery stores.

Report: Sweetbay grocery chain may be on the sales block 05/23/13 [Last modified: Friday, May 24, 2013 6:10pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. Airbag maker Takata bankruptcy filing expected in Japan, U.S.


    DETROIT — Drowning in a sea of lawsuits and recall costs, Japanese airbag maker Takata Corp. is expected to seek bankruptcy protection in Tokyo and the United States today.

  2. Federal agencies demand records from SeaWorld theme park


    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  3. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  4. Line of moms welcome Once Upon A Child to Carrollwood


    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  5. Pastries N Chaat brings North India cuisine to North Tampa


    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.