Press

Yellow Banana Closes $26.5 Million Transformative Investment in Six Grocery Stores on Chicago’s South and West Sides

Project will expand local access to quality, affordable, healthy food options for deserving Chicago residents as other food retailers depart from the City

April 4, 2023

CHICAGO–(BUSINESS WIRE)–Yellow Banana, the owner and operator of eight Save A Lot locations in the Chicagoland area, today announced the March 31, 2023 closing of a $26.5 million investment into grocery stores on the South and West Sides of Chicago.

The app will roll out in all Save A Lot stores owned by Yellow Banana, offering discounts on groceries to shoppers in Chicago, Cleveland, Milwaukee, Jacksonville and Dallas.

December 7, 2022

CHICAGO, Dec. 7, 2022 /PRNewswire/ — Yellow Banana, a retail grocery platform that owns and operates over 30 Save A Lot locations in the U.S., today announced its partnership with Flashfood, a digital marketplace that provides customers with access to heavily discounted food nearing its best-by date. The food waste reduction app is now available at all Yellow Banana Save A Lot locations, expanding Flashfood’s presence to Dallas, TX, and Jacksonville, FL, for the first time.

Yellow Banana to leverage $13.5 million Community Development Grant from the City of Chicago to reposition stores across the City’s South and West Sides and Re-open Previously Closed Location in Auburn-Gresham Neighborhood

July 19, 2022

CHICAGO–(BUSINESS WIRE)–Yellow Banana, the owner and operator of eight Save A Lot locations in the Chicagoland area, today announced the receipt of a $13.5 million Community Development Grant from Mayor Lori Lightfoot and the City of Chicago that will enable Yellow Banana to invest in significant upgrades to its existing Chicago stores, as well as to re-open a location in the Auburn-Gresham neighborhood that closed in 2020. The City’s grant, combined with other financing and funding from Yellow Banana, will bring approximately $26 million in investment into six locations in underserved communities throughout the City’s South and West Sides.

Yellow Banana Expands Footprint with Six Additional Locations

November 02, 2021

DALLAS & JACKSONVILLE, Fla.–(BUSINESS WIRE)–Save A Lot, one of the largest discount grocery chains in the U.S., today announced the sale of six company-owned stores in Dallas, Texas, and Jacksonville, Florida, to Yellow Banana, LLC as part of Save A Lot’s ongoing efforts to convert corporate-owned stores to local ownership. Yellow Banana’s acquisition will enable these six stores to remain open, providing critical support to both the communities in question and the nearly 100 store associates employed.

Yellow Banana Takes Over 32 Save A Lot Locations as the Newest Go-To Hometown Grocer

September 07, 2021

CLEVELAND & CHICAGO & MILWAUKEE–(BUSINESS WIRE)–Save A Lot, one of the largest discount grocery chains in the U.S., today announced the completion of the sale of 32 company-owned stores across the Greater Cleveland, Greater Chicago and Greater Milwaukee areas to Yellow Banana, LLC, as part of the discount grocer’s ongoing efforts to convert corporate-owned stores to local ownership. The 32 stores generate annual revenues in excess of $130 million, immediately positioning Yellow Banana as one of Save A Lot’s largest Retail Partners nationwide.