The move sparked local speculation that Hy-Vee could be a suitor for all of Cub Foods stores, which are being marketed for sale by new owner United Natural Foods, but Randy Edeker, CEO of Hy-Vee, told the Star Tribune that the move into the new store was “not part of a strategy.”
“It came available and so we decided to pursue it,” he said of the Plymouth unit. “I’m not going to put Hy-Vee at risk. … We’re going to stay on a steady growth plan that’s manageable.”
As such, the retailer has several new stores planned for the Minnesota market in the future.