Contact: Lori Willis
Director of Communications
August 31, 2004
ST. LOUIS -- Leaders of Schnuck Markets, Inc. today announced plans to build a replacement store for its Eureka, Mo. location. Construction of the new store, to be located at the intersection of Interstate 44 and Highway 109, just one mile from the present site, will begin once the developer and city officials finalize plans.
Craig Schnuck, Schnucks chairman and chief executive officer, said the project would be put on the fast track for a second quarter 2005 opening. "Eureka customers have been very loyal to Schnucks over the years, and we are excited about the opportunity to enhance the services we currently provide," he said. "All associates will be transferred, and a larger facility also will enable us to hire additional staff."
Schnuck explained that the former National store (originally built by Kroger in 1981) is approximately 30,000 square feet, half the size of newer Schnucks stores. The replacement store will be a 63,000-square-foot full-service food and drug store that will anchor a Holloway LLC development headed by local real estate broker Dan Hayes.
Schnuck says, "The additional space will mean that our new Eureka store will include all of the amenities available in most Schnucks stores, including a pharmacy, floral department, service meat, seafood and deli, an expansive produce department and a hot and cold food and salad bar. The surrounding development will include enough additional space to provide for all the convenience needs of our customers."
According to Schnuck, in addition, the new location provides better access to a greater number of area residents. "Easy access to the interstate should be more convenient for customers living further west on I-44," he said.
Schnuck believes the new store also will be able to give Wal-Mart a run for its money. "We feel we have established a strong presence in Eureka, and thanks to our loyal customers and a strong store team, our new store will be in a position to aggressively compete," he said.
Founded in St. Louis in 1939, Schnuck Markets, Inc. currently operates 101 stores (including five Logli stores) and 94 pharmacies in Missouri, Illinois, Indiana, Wisconsin, Tennessee and Mississippi. The family-owned company is ranked 80th in the Forbes magazine listing of the nation's "Largest Private Companies."
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