Publix Exits from Convenience Stores
Supermarket chain sells its 14 small-format stores in departure from channel
Growing competition in the c-store space within that region--from the Carolinas down into Florida--was also becoming populated by aggressive, state-of-the-art c-store formats, Fisher said, with names like Wawa, 7-Eleven, QuikTrip, Thorntons and RaceTrac backing them.
Publix itself does sees growth in its future, but in its comfort zone, having opened two grocery stores in just the past two weeks, Brous said. The company operates in five states and plans to branch into North Carolina in 2014, she said.
Publix said it will help the approximately 120 PIX associates find employment within Publix comparable to their current positions.
The 14 PIX sites are located adjacent to Publix-anchored shopping centers in:
- Village Walk Shopping Center, Alpharetta, Ga.
- Casselberry Commons, Casselberry, Fla.
- Publix at Kings Ridge, Clermont, Fla.
- Berry Town Center, Davenport, Fla.
- Dupont Lakes Center, Deltona, Fla.
- Franklin Marketplace, Franklin, Tenn.
- Publix in the Highlands, Lakeland, Fla.
- Town & Country Square, Lakeland, Fla.
- Publix at the Acreage, Loxahatchee, Fla.
- Paradise Shoppes of Perry, Perry, Ga.
- The Promenade, Poinciana, Fla.
- Rockledge Crossing, Rockledge, Fla.
- Bardmoor Promenade, Seminole, Fla.
- Spirit Lake Crossing, Winter Haven, Fla.
The company said it would retain the PIX name.
Publix is privately owned and operated by its 160,500 employees, with 2012 sales of $27.5 billion. Currently Publix has 1,075 stores in Florida, Georgia, South Carolina, Alabama and Tennessee. NRC Realty & Capital Advisors LLC, Chicago, served as financial advisor to Publix in the transaction.