EAST ALTON, IL - While the retail market is as tight as can be, Schnuck Markets is finding its biggest competition may actually be itself. The grocer recently announced the impending closure of its Wilshire Village store in East Alton, Illinois, citing competition from neighboring stores.
"We open stores only when we believe they will be both a preferred choice for shoppers and success for our company, but in this instance, our customers are increasingly bypassing this store in favor of one of our three nearby stores instead,” Schnucks' Chairman and CEO Todd Schnuck said in a statement, reported by Republic Monitor.
As we previously reported, Schnucks had acquired 19 SuperValu-owned Shop ‘n Save grocery stores in the area in October 2018—the East Alton location being one of them. All 27 employees of the East Alton store will have the option to transfer to nearby Schnuck Markets.
Is the grocery retail market getting too crowded? Will Schnucks have to shutter more of its locations? AndNowUKnow will bring you the updates.
