1. News
July 7, 2016

Supermarket chain Fiesta Mart acquires 11 Minyard Food stores

US food retailer Fiesta Mart has acquired 11 outlets from supermarket chain Minyard Food Stores in the Dallas-Fort Worth Metroplex from Texas-based RLS Supermarkets.

By Lopamudra Roy

US food retailer Fiesta Mart has acquired 11 outlets from supermarket chain Minyard Food Stores in the Dallas-Fort Worth Metroplex from Texas-based RLS Supermarkets.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

With the acquisition of RLS Supermarkets’ Minyard Food Stores, Fiesta Mart will currently operate a total of 70 stores across Texas.

Fiesta Mart chief executive officer Michael Byars said: "This action reinforces the strategic growth plan we put forth early last year. Our entire Fiesta team has worked together to move the brand forward organically, and now through acquisition we continue on our growth plan.

"This action reinforces the strategic growth plan we put forth early last year."

The acquired Minyard store locations will continue to receive its products from current supplier AWG, as well as from Grocery Supply, who provides groceries to Fiesta Mart.

The transitioning of the Minyard stores to Fiesta Mart will take place over the next several months.

Additional terms of the deal have not yet been disclosed.

Early last year, Fiesta Mart was taken over by ACON, a diversified international private equity firm with investments in the US and Latin America.

Founded in 1972, Texas-based Fiesta Mart currently owns 70 stores in the Austin, Houston and Dallas-Fort Worth markets.

The supermarket chain serves customers with a vast variety of dry grocery and perishable products from more than 100 countries of origin.

Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.