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12/21/2021

Hy-Vee to expand outside the Midwest

Hy-Vee is reportedly planning on opening a distribution center in Tennessee, and seven stores across Tennessee, Kentucky, Alabama and Indiana.
Sandra Levy
Senior Editor
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Hy-Vee is setting its sights on expansion outside the Midwest. The company plans to build more than 20 stores in Indiana, Kentucky, Tennessee and Alabama over the next few years, according to a report in the Des Moines Register.

The report citied a video presentation by CEO Randy Edeker posted to the company’s intranet.

[Read more: Hy-Vee debuts talking prescription labels in 26 languages]

By 2023, Hy-Vee plans to operate a distribution center in the Nashville, Tenn. area along with seven stores, including two in Nashville, and one store each in Knoxville and Memphis, Tennessee; Louisville, Kentucky; Huntsville, Alabama; and Indianapolis, Edeker said. 

"This is the growth for the next 25 years for Hy-Vee in this territory,” Edeker said on the video, according to the report. “If we can build out 50 stores in this market, we estimate that is $6 billion [in sales]. But overnight we’re going to go from a regional company to a national company.”

[Read more: Amber Specialty Pharmacy, Hy-Vee Pharmacy Solutions to provide GSK’s COVID-19 antibody treatment]

A Hy-Vee spokesperson confirmed the report about the expansion. No additional details were provided at this time. 

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