Schnucks Oakwood Store in Alton, Ill. to Remain Closed Permanently | Schnucks

Schnucks Oakwood Store in Alton, Ill. to Remain Closed Permanently

NEWS RELEASES   /  4/9/2020

Schnucks Oakwood Store in Alton, Ill. to Remain Closed Permanently

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Schnucks Oakwood Store in Alton, Ill. to Remain Closed Permanently
Store had temporarily closed in March; Teammates will be transferred to nearby stores

ALTON, Ill., April 9, 2020 – After temporarily closing its Oakwood store last month, Schnuck Markets, Inc. today announced that it will not renew the store’s lease, and that the store, located at 1721 Homer Adams Parkway in Alton, Illinois, will remain closed permanently. The lease for the 51,000-square-foot store expires in June. The store’s 45 teammates will continue to work at other area Schnucks stores where they will retain the same rate of pay. 

The store had initially closed on March 16 so that its teammates could assist at other Schnucks stores that were seeing significant increases in customer traffic due to the COVID-19 pandemic. The Oakwood store has experienced poor sales since its October 2018 acquisition. 

“Even prior to the pandemic, shoppers in the River Bend area had overwhelmingly chosen instead to visit our nearby Alton store, which is only a mile and a half away, and our Godfrey location which is less than two miles away,” said Schnucks Chairman & CEO Todd Schnuck. “With that data, and knowing that the lease expiration was approaching, we made the decision to close the store and focus on those Metro East stores that customers have shown us they prefer.”

Metro East Schnucks customers will continue to have 15 other Schnucks stores to choose from in the area. Those stores employ a combined total of approximately 1,600 Schnucks teammates.

About Schnucks
Founded in St. Louis in 1939, Schnuck Markets, Inc. is a third-generation, family-owned grocery and pharmacy retailer committed to nourishing people’s lives. Schnucks operates 112 stores, serving customers in Missouri, Illinois, Indiana, Wisconsin, and Iowa, and employs 13,500 teammates. According to Forbes’ 2019 rankings, Schnucks is the 155th largest privately-owned company in the United States and the 16th largest privately-owned grocer. Schnucks is committed to helping communities thrive and as a champion for reducing hunger, the company annually donates more than $16 million in food to pantries that help those in need.

Follow Schnucks on Facebook at www.facebook.com/schnucks and LinkedIn https://www.linkedin.com/company/schnuck-markets-inc-/.

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