Media Contact: Lori O. Willis

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Oct. 8, 2007

Schnucks to Close Arnold Location on Oct. 28

ARNOLD, Mo. - In anticipation of new grocery competitors entering the market, leaders of Schnuck Markets, Inc. today announced plans to close its first Arnold Schnucks location and consolidate services. The store located at 30 Arnold Mall will close at 6 p.m., Sunday, October 28. All 73 store associates will be offered transfers to comparable positions at other Schnucks locations including the second Arnold location - Richardson Crossing (3900 Vogel).

According to Schnucks Chairman and CEO Scott Schnuck this particular store has been unprofitable for the past several years. "We kept it open due, in large part, to the great effort our store team put forth in retaining our loyal customers," said Schnuck. "We are very grateful to our customers for their support of our Arnold location and hope to continue serving them from other locations."

"Our lease agreement with Arnold Park Mall Associates ends next summer, and it makes economic sense to terminate our lease now and turn our attention to strengthening our offering to customers at our newer and larger Richardson Crossing store," he explained. "It is our hope that our customers will transfer their support to that store located less than three miles away."

The 54,500-square-foot Arnold store opened June 27, 1978 and immediately filled a niche in the community. However, Schnuck says recent public incentives awarded to local developments cleared the way for competing businesses to draw upon the available customer base. After 13 years of operation, Emperor's Wok, the in-store restaurant at this facility, closed in June due to a decline in business.

"Given its size, there is already a fair amount of competition in the Arnold community, and news that another grocer and a Wal-Mart Supercenter were entering the community was really the tipping point," Schnuck added.

In the meantime, Schnucks will continue to have a strong presence in Arnold with the 62,000-square-foot supermarket at Richardson Crossing (2.5 miles away). The Butler Hill store in south St. Louis County is also 3.5 miles away. For their convenience, pharmacy customers will find that any Schnucks Pharmacy will be able to access their pharmacy files.

"Customers soon will start to see signs announcing the close as we prepare for the final day of sales on Oct. 28," said Schnuck. "We are going to do all we can to make this transition as smooth as possible for everyone."

Founded in St. Louis in 1939, Schnuck Markets, Inc. operates 102 stores (including five Logli stores) and 99 pharmacies in Missouri, Illinois, Indiana, Wisconsin, Iowa, Tennessee and Mississippi.

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