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Source : (remove) : Watertown Daily Times, N.Y.
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Stewarts Shopstoacquirefour Slider Food Martsinnorthcountry

Stewart's Shops Expands Footprint with Acquisition of Four Sliderz Convenience Stores

In a strategic move to bolster its presence in the competitive convenience store market, Stewart's Shops, the beloved family-owned chain renowned for its fresh dairy products, ice cream, and community-focused operations, has announced the acquisition of four Sliderz convenience stores. This deal, revealed in a recent press release, marks another chapter in Stewart's ongoing expansion strategy, allowing the company to extend its reach into new communities while preserving its commitment to quality and local service. The acquisition encompasses locations in key areas, promising to bring Stewart's signature offerings to a broader customer base and potentially reshaping the local retail landscape.

Stewart's Shops, headquartered in Saratoga Springs, New York, has long been a staple in the northeastern United States, particularly in upstate New York and Vermont. Founded in 1945 by the Dake family, the company started as a small dairy operation and has since grown into a network of over 340 stores. What sets Stewart's apart is its vertically integrated model: the company owns its own dairy farms, processing plants, and distribution centers, ensuring that products like milk, eggs, and their famous ice cream are as fresh as possible. This farm-to-table approach not only guarantees quality but also supports local agriculture, a value that resonates deeply with customers in rural and suburban areas. Over the years, Stewart's has expanded through both organic growth and targeted acquisitions, always prioritizing employee ownership—nearly half of the company's stock is held by its workers through an Employee Stock Ownership Plan (ESOP). This structure fosters a sense of loyalty and dedication among staff, contributing to the chain's reputation for friendly, efficient service.

The four Sliderz stores being acquired are strategically located in regions that align with Stewart's existing footprint, including areas around Albany and the Capital District. Sliderz, a smaller chain known for its fuel services, quick snacks, and basic groceries, has operated these outlets with a focus on convenience for commuters and travelers. While Sliderz has built a loyal following for its no-frills approach and competitive gas prices, the acquisition by Stewart's promises an upgrade in product variety and quality. Customers can look forward to the introduction of Stewart's hallmark items, such as their hand-packed ice cream cones, fresh-brewed coffee, made-to-order sandwiches, and an array of locally sourced goods. This infusion of Stewart's ethos could elevate the shopping experience at these locations, transforming them from standard pit stops into community hubs.

According to statements from Stewart's leadership, the acquisition is driven by a desire to grow responsibly while maintaining the company's core values. Gary Dake, President of Stewart's Shops, emphasized in the announcement that "this move allows us to welcome new team members and customers into the Stewart's family, where quality and community come first." Dake highlighted how the Sliderz stores' locations complement Stewart's network, reducing overlap and maximizing efficiency in supply chains. The transition is expected to be seamless, with plans to rebrand the stores under the Stewart's banner while retaining as many existing employees as possible. This employee-centric approach is a hallmark of Stewart's acquisitions; in past deals, such as the purchase of several Jolley stores in 2020, the company invested in training and integration to ensure smooth operations and minimal disruption.

From a business perspective, this acquisition comes at a time when the convenience store industry is facing evolving challenges, including fluctuating fuel prices, the rise of electric vehicles, and shifting consumer preferences toward healthier, locally sourced options. Stewart's has adeptly navigated these trends by diversifying its offerings—beyond traditional convenience items, stores now feature fresh produce, artisanal cheeses, and even craft beers from regional breweries. By acquiring Sliderz locations, Stewart's gains valuable real estate with established fuel pumps, which could be modernized to include electric charging stations in the future, aligning with sustainability goals. Industry analysts suggest this deal could enhance Stewart's market share in a region where competitors like Cumberland Farms and Byrne Dairy also vie for dominance. Moreover, it underscores a broader trend of consolidation in the sector, where larger chains absorb smaller ones to achieve economies of scale and better compete with giants like 7-Eleven or Sheetz.

Community impact is another key aspect of this acquisition. Stewart's Shops has a storied history of philanthropy, donating millions annually to local causes through initiatives like the Holiday Match program, which supports children's charities. Integrating the Sliderz stores means extending this goodwill to new neighborhoods, potentially funding schools, food banks, and youth programs in those areas. Local residents have expressed mixed reactions: some welcome the arrival of Stewart's fresh products and job opportunities, while others hope the stores retain the familiar Sliderz vibe. One Albany-area customer noted in online forums that "Stewart's ice cream is unbeatable, but I hope they keep the cheap gas prices we love at Sliderz."

Looking ahead, the acquisition is slated for completion in the coming months, pending regulatory approvals and standard due diligence. Stewart's plans to invest in renovations, including updated interiors, expanded deli sections, and enhanced digital ordering systems to cater to modern shoppers. This could include app-based loyalty programs and contactless payments, further blending tradition with innovation. In the long term, such expansions position Stewart's not just as a retailer but as a vital part of the social fabric in the communities it serves.

This deal exemplifies how Stewart's Shops continues to evolve while staying true to its roots. From humble dairy beginnings to a regional powerhouse, the company demonstrates that growth can be achieved without sacrificing integrity. As Stewart's integrates these four new stores, it reinforces its role as a trusted name in convenience retail, promising fresher options, stronger community ties, and a brighter future for both employees and customers alike. With this acquisition, Stewart's is not merely expanding its map—it's deepening its commitment to the people and places that have fueled its success for nearly eight decades. (Word count: 912)

Read the Full Watertown Daily Times, N.Y. Article at:
[ https://www.yahoo.com/news/articles/stewarts-shops-acquire-four-slider-222100062.html ]