Summary
Publix, a large grocery store chain, is planning to open five new stores in October across Florida, Georgia, and South Carolina. The company is also expanding into Virginia with a new site in Manassas, making it their northernmost location. Publix's expansion comes after a significant increase in sales and earnings in the second quarter of the year.
Key Facts
- Publix is set to open five new stores by the end of October.
- The new store locations include two in Florida, two in Georgia, and one in South Carolina.
- Publix has signed a lease for a new store in Manassas, Virginia, but the opening date is not confirmed.
- Publix is the largest employee-owned grocery chain in the U.S. with over 1,400 locations.
- The company saw a 7.3% increase in sales and a 42% rise in net earnings for the second quarter of this year.
- Publix plans to expand its presence in higher-growth areas like the Mid-Atlantic and Northeast.
- In addition to the upcoming openings, Publix launched several other locations in September, including two in Kentucky and three in Florida.
