B&R Stores Acquires Newman’s Thriftway
B&R Stores, based in Lincoln, Neb., is acquiring the Newman’s Thriftway store in Glenwood, Iowa. The transaction is expected to close in mid-November. The store will be converted to a Russ’s Market. B&R operates several banners aside from Russ’s Market, which include Super Saver and Apple Market. The Glenwood store will be the 20th location for the company.
“Twenty years ago, we had the opportunity to purchase the store at 900 South Locust St.,” said Dan Newman, President and Co-Owner of Newman’s Thriftway. “It has been a challenging and rewarding venture for our family. We are excited for our next chapter in life and we are grateful for the patronage we have received over the years. We are confident that passing the reins of the store to B&R stores will be an exceptional asset to the Glenwood Community”
“We plan to retain as many existing staff members as possible” said Nick Kelso, Russ’s Market district manager. “We look forward to joining the community of Glenwood, IA.”
“B&R Stores expanded into the state of Iowa in 1993 with our Super Saver, Council Bluffs location.” said Pat Raybould, president of B&R Stores Inc. “We have never stopped growing and that is not about to change. Our new Glenwood, IA location will be a great addition to the B&R family!”
About B&R Stores, Inc.
B&R Stores, Inc. is an employee-owned Nebraska corporation, operating exclusively in the retail grocery industry with corporate headquarters in Lincoln, Nebraska.
B&R Stores was founded in 1964 by Russ Raybould. The company has grown for over 50 years, and now includes three different store concepts.
The first Russ’s Market opened in 1964 at 17th & Washington in Lincoln, NE. Super Saver was opened in 1984 at 48th & O Streets in Lincoln. At the time of the opening, it was the largest retail grocery store in the state in terms of square footage (60,000 square feet).
Russ’s Market brings customers a commitment to quality, convenience, value and community.