Price Cutter’s parent company is in the process of converting one of its north Springfield locations into a cost-plus store.
Price Cutter, 1831 W. Kearney St., will become King Food Saver, a cost-plus grocery chain under the same parent company, Pyramid Foods. Springfield’s first King Food Saver will hold a grand opening celebration starting at 6 a.m. on Aug. 30, Rob Marsh, chief operating officer at Pyramid Foods, said in an email.
At King Food Saver, all products are sold at company price plus a 10% markup, the company’s website says. The transition to a cost-plus store will allow Pyramid to better serve its customers, Marsh said. The store will offer new merchandise, including more groceries at a “much lower price.”
“Today, consumers are looking for value without sacrificing quality,” said Marsh. “I am confident that when they come to us, they will certainly find that both have been achieved.”
Under the Pyramid Foods umbrella are names such as Save A Lot, Ruby’s Market, Ramey, Country Mart, King Cash Saver and others, according to the company’s website. Pyramid is headquartered in Rogersville and operates 37 stores. The company has King Food Saver stores in other Missouri markets, such as Branson, Neosho and Cassville.
Pyramid is modestly renovating the building. Before King Food Saver opens, the company is “repainting the entire store interior” and “refreshing the entire departmental decor,” Marsh said.
Marsh declined to disclose the financial investment decision to convert Price Cutter into King Food Saver. The nearly 58,000-square-foot Price Cutter property is owned by 1831 W Kearney, LLC and had a market value of $2.5 million, according to Greene County Tax Assessor’s Office records.
