Schnuck Markets, Inc
Schnucks Grand and Kossuth Store in North St. Louis to Close May 10
ST. LOUIS – Leaders of Schnuck Markets, Inc. today announced they will not renew the lease on the Grand and Kossuth Store (4127 N. Grand, 63107) in north St. Louis. The store will close permanently at 6 p.m. on Saturday, May 10. No jobs will be lost; all 65 teammates will be transferred to nearby Schnucks stores.
According to Schnucks President and CEO Todd Schnuck, the 28,000-square-foot store has consistently operated in the red since it was purchased as part of the 1995 National acquisition. “Closing any store is a difficult decision particularly when we have invested so substantially in the 45-year-old facility including a $200,000 Pharmacy remodel just one year ago. Nothing we’ve done has helped improve the store’s performance.”
“Store Manager Roger Hines and Co-Manager Sharon Evans lead an experienced and dedicated team. Yet despite their best efforts and strong rapport with customers, the store continues to lose money,” Schnuck said. “While customers appreciate the offering we bring to the neighborhood, sales at this store will not offset needed repairs, escalating labor, utility and insurance costs.”
Currently, operating a total of nine stores within the city limits (including Grand and Kossuth), Schnucks continues to demonstrate its commitment to city residents. “In this particular location, we are challenged by lack of population growth and the opportunity to attract new customers,” said Schnuck. “We thank our customers and community partners for their support over the years and we will continue to look for more ways in which to deliver needed services to our customers in St. Louis City.”
Schnuck says that should the landlord entice another grocer to the site, Schnucks would leave the majority of the store’s fixtures in place. In the meantime, the company will start a sell down of goods prior to the May 10 close.
Pharmacy customers may continue to have their prescriptions filled through May 10. Additional information will be provided prior to the close.
Founded in St. Louis in 1939, Schnuck Markets, Inc. operates 101 stores (including Grand and Kossuth) and 95 in-store pharmacies in Missouri, Illinois, Indiana, Wisconsin and Iowa.
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