Contact: Lori O. Willis

Director of Communications

(314) 994-4602

January 7, 2002

Schnucks To Close Store In Decatur, Ill. On Jan. 19 At 6 p.m.

ST. LOUIS - Craig D. Schnuck, chairman and chief executive officer of Schnuck Markets, Inc., today announced plans to close the Schnucks store located at 2800 N. Water Street in Decatur, Ill. The final day of sales and the discontinuation of all programs and services will be Saturday, Jan. 19. The store will close at 6 p.m.

"When we first reviewed the market four years ago, it was clear that customers would benefit from the quality goods and services that our store could provide," said Schnuck. "We designed and constructed a 62,000-square-foot facility which opened for business in October of 1998 and, for the past three years, Schnucks has contributed significantly to the Decatur community."

According to Schnuck, significant changes in the market over the past 18 months, including a Wal-Mart expansion in north Decatur, a new Wal-Mart supercenter in Mt. Zion, and rising unemployment have put considerable strain on business and contributed to the decision to close.

Schnuck said, "The management and associates of the store certainly put forth a great effort. But, in recent months, it has become clear that there is more competition than the present market will support."

The Decatur store employs approximately 113 associates. Each associate will receive a generous severance package that will include extended healthcare coverage for eligible associates.

Discussions are under way to transfer the files of pharmacy customers to another Decatur area pharmacy. Schnuck says the staff is committed to making sure customers are not inconvenienced in any way.

Signs announcing the close will be posted in the store. Managers will immediately begin preparing for the final day of sales on Jan. 19.

Representatives of Schnuck Markets, Inc. are seeking to lease the building or to sell the company's leasehold interest. All interested parties should contact Karen Holman, vice president of asset management with The DESCO Group, at

(314) 994-4464.

Schnuck Markets, Inc. currently operates 90 stores including 82 in-store pharmacies in Missouri, Illinois and Indiana and a Sentry Drug in Illinois. The family-owned company was founded in St. Louis in 1939.

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