Finast

Finast was a retail supermarket brand that existed in the northeastern United States until consolidating all its Northeast stores under the Edwards Super Food Store brand by its Dutch parent Royal Ahold in the mid-1990s. Finast was an acronym for First National Stores. Commonly referred to as "The First National", the chain operated under that name for decades, and ultimately created the Finast acronym for its store-brand products. Several years later, most of its stores were renamed Finast during a modernization effort.

First National Supermarkets, Inc.
First National Stores
Finast
TypeSubsidiary
IndustryRetail
FateAcquired by Pick-N-Pay Supermarkets and later Ahold
Converted stores to Pick-N-Pay, Edwards and Tops Friendly Markets
Finast store brand phased out later on
Founded1853
Defunct1993 (as stores)
1996 (as a store brand)
HeadquartersSomerville, Massachusetts (original)
Maple Heights, Ohio (later)
ProductsGrocery
ParentAhold

Finast was based in Somerville, Massachusetts. When the chain was purchased by Pick-N-Pay Supermarkets of Ohio in 1978, headquarters for the New England region were moved to the Windsor Locks, Connecticut distribution center while corporate headquarters were moved to Maple Heights, Ohio. Ahold, who had entered the U.S. through its purchase of Bi-Lo Supermarkets in the Southerastern U.S., purchased Finast in 1988. Ahold completed converting the last Pick-N-Pay stores from Finast in 1994.[1]

The stores not absorbed into Edwards, mostly in the Cleveland, Ohio area, retained the Finast name through the 1990s. After purchasing Stop & Shop in the 1990s, Ahold was forced to sell many of the Edwards stores, which initiated a restructuring of its chains. The remaining Midwest Finast stores were rebranded as Tops Friendly Markets, its Buffalo, New York–based unit. Ahold continued to use Finast on its private-label products in its grocery chains, including Giant-Carlisle, phasing out Finast in favor of products matching each chain's name.

References


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.