Coborn’s to Open 5 New Grocery Stores in N. Dakota
St. Cloud-based grocery retailer Coborn’s, Inc., recently announced plans to build five new stores in the oil-producing region of western North Dakota.
The new stores, which will be built between now and 2014, will significantly boost the company’s presence in North Dakota. It currently operates six grocery stores within the state, including three in the oil-rich area surrounding the Bakken rock formation, where oil production rates have soared in recent years.
The new stores will be in that same area surrounding the Bakken formation. Coborn’s namesake stores will replace the company’s Food Pride stores in Stanley and Tioga, and another Coborn’s will spring up in Watford City. Meanwhile, Cash Wise stores will be built in Dickinson and Minot.
Coborn’s has owned and operated Cash Wise stores in the Fargo/Moorhead area and in Bismarck, North Dakota, since 1988.
Coborn’s first entered the Bakken area earlier this year: In April, it partnered with Williston, North Dakota-based grocer JK Foods to co-own an Economart in Williston and Food Pride stores in both Stanley and Tioga, whose populations are rapidly growing thanks to the oil boom.
In May, the company also expanded its presence in western North Dakota by opening a Coborn’s store in the small city of Jamestown, which is situated between Bismarck and Fargo.
In a prepared statement, Coborn’s President and CEO Chris Coborn called North Dakota “a prime market for Coborn’s to expand.”
He added: “Building five new stores in the Bakken will strengthen our brand across North Dakota and will bring new fresh food options to these rapidly growing communities.”
Coborn’s is an employee-owned company that currently operates 45 grocery stores in Minnesota, the Dakotas, Iowa, Illinois, and Wisconsin. In addition to those grocery stores, which operate under a handful of banners, it owns CobornsDelivers, an online grocery ordering and home-delivery service, and stand-alone convenience, liquor, video, and pharmacy stores. To support its retail locations, Coborn’s operates its own central bakery, dry cleaning facility, and grocery distribution center.
The company’s annual revenue exceeds $1 billion, and it employs roughly 6,700. It is among Minnesota’s 25 largest employers based on workers within the state, of whom there are more than 6,000.