Supervalu to sell 19 Shop ‘n Save stores to Schnucks
On Sept. 17, 2018 Supervalu announced it will convert 19 of its 36 Shop ‘n Save grocery store locations in the St. Louis, Mo. area to Schnuck Markets, including 16 pharmacies and four fuel centers. The staggered transaction is expected to finish by late October 2018. As part of the acquisition, Supervalu will serve as the primary supplier for nine of Schnucks’ existing stores in northern Illinois, Iowa and Wisconsin.
“Since announcing plans to pursue the sale of our Shop ‘n Save banner earlier this Spring, the team has worked diligently and successfully to put this agreement together,” said Mark Gross, President and CEO of Supervalu. “This transaction is an important step in the continued transformation of our business. Schnucks is an excellent retailer in the St. Louis area and we’re pleased that these stores will become a part of their operation, including continuing to serve the communities and providing jobs to many of our employees,” Gross said.