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Competitive BattlefieldManagement StrategySchnucks

Sep 07, 2011

by George Anderson

Schnucks was always seen as a long-shot bet when it entered the Memphis market. Hindsight being 20-20, we now know the gamble didn’t pay off as the chain has sold most of its stores to Kroger and left the area.

Schnucks originally entered Memphis in 2003 when it purchased 12 stores from Albertsons. The locations had originally been owned by Seessel’s, a long-time fixture in the area. At the time it entered Memphis, Schnucks’ new stores accounted for just under 12 percent of the market, accordng to Trade Dimensions, while Kroger (40 percent) and Walmart (16.5 percent) were on a growth path.

At the time, Michael Collins, vice president of retail at Bain & Co., told the St. Louis Post-Dispatch, "It’s very aggressive to enter the market with an established No. 1 and No. 2. There is a high level of risk."

One reason given for Schnucks’ failure was that it wasn’t enough like Seessel’s. Jennifer Biggs, a columnist for The Commercial Appeal, wrote, "They promised to bring back Seessel’s recipes, which they did, in a limited way, at the beginning…"

Ultimately, however, Schnucks was Schnucks and not Seessel’s. "I don’t believe Schnucks really could deliver what we wanted. And of course, what we wanted was Seessel’s, so it was a losing game for everyone."

Lori Willis, a Schnucks spokesperson, told the Post-Dispatch, "In the last couple of years, we’ve noticed our (market) share drop off, and we didn’t see any way to turn that around. … It came down to how many grocery retailers will one market support."

Discussion Question: What lessons can be learned from Schnucks’ experience in Memphis?

Please practice The RetailWire Golden Rule when submitting your comments.

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Sours: https://www.retailwire.com/discussion/schnucks-bows-out-in-memphis/

Kroger Acquires Memphis Area Schnucks Stores

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By Grocery Headquarters Staff on Sep. 06, 2011

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The Memphis-based Kroger Delta Division, a division of The Kroger Co. announced its purchase of eight Memphis area Schnucks stores that it intends to convert and re-open under the Kroger name over the next few weeks. "For over 60 years, Kroger has proudly served the Memphis community," said Mark Prestidge, Kroger Delta Division president. "Kroger has demonstrated its commitment to the Memphis area by investing over $70 million on remodels, expansions and fuel centers over the last five years. We continue to focus on upgrading our store base in an effort to provide our customers the best shopping experience possible. With this acquisition, we are pleased to be able to provide more convenient locations for our customers to shop at in the Memphis area." Currently, Kroger operates 37 stores in the Memphis metropolitan area. Today's announcement will increase the number of Kroger stores to 43, with two of the acquired Schnucks locations replacing two smaller existing Kroger locations. The following Schnucks locations will be converted to Kroger:
  • 1761 Union Avenue, Memphis, TN
  • 1212 East Shelby Dr., Memphis, TN
  • 799 Truse Parkway, Memphis, TN
  • 576 South Perkins Rd., Memphis, TN
  • 7735 Farmington Blvd., Germantown, TN
  • 9025 US Highway 64, Lakeland, TN
  • 2942 Kirby Whitten Rd., Bartlett, TN
  • 3926 Goodman Rd., Horn Lake, MS
The Schnucks Store at 1212 East Shelby Drive in Memphis will be converted and re-open as Kroger and replace a smaller Kroger Store at 1234 Finley in the Whitehaven area of Memphis. The Schnucks Store at 9025 US Highway 64 in Lakeland will also be converted and re-open as Kroger and replace a smaller Kroger Store at 9050 US Highway 64 in Lakeland. "We plan to convert these stores and re-open within two weeks after they close. Our primary goal is to minimize the inconvenience to our customers as we transition the stores to Kroger." Mr. Prestidge said. "While the acquired stores will be temporarily closed during the conversion process, the pharmacies and in-store banks will be accessible and remain open to customers during regular business hours." Pharmacy customers in the Schnucks locations that will close permanently will have their prescriptions available at the nearest Kroger pharmacy to avoid any disruption in service. During the conversion process, all Schnucks pharmacy customers will receive notification from Kroger to inform them of their new Kroger pharmacy location and information about how to move their records to a more convenient Kroger location.

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Sours: https://www.winsightgrocerybusiness.com/kroger-acquires-memphis-area-schnucks-stores
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Kroger Acquires Seven Memphis C-Stores From Schnucks

HUTCHINSON, Kansas -- Tom Thumb, a subsidiary of The Kroger Co., has purchased seven convenience stores in the Memphis, Tenn., area currently operated by Schnuck Markets Inc. The c-stores will be operated by Kroger's Tom Thumb division under the Kwik Shop banner name.

Also, the Memphis-based Kroger Delta Division announced that it has purchased eight Memphis-area Schnucks supermarkets that it intends to convert and reopen under the Kroger name over the next few weeks.

The newly acquired c-stores are located in Bartlett, Cordova, Germantown, Lakeland and Memphis, Tenn.; and Horn Lake and Southaven, Miss.

Cincinnati-based Kroger is the nation's largest traditional grocery retailer, with 2,470 supermarkets and multi-department stores in 31 states under two-dozen local banners, including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry's, King Soopers, QFC, Ralphs and Smith's.

The company currently operates more than 900 supermarket fuel centers and about 790 c-stores in 18 states: Pueblo, Colo.-based Loaf 'N Jug in Colorado, New Mexico, Nebraska, Montana, North Dakota, Oklahoma, South Dakota and Wyoming; Lancaster, Pa.-based Turkey Hill Minit Markets in Pennsylvania; Crestview, Fla.-based Tom Thumb Food Stores in Florida and Alabama; Hutchinson, Kansas-based Kwik Shop in Illinois, Iowa, Kansas and Nebraska; Fremont Calif.-based Quik Stop Markets in California and Nevada, and Salt Lake City-based Smith's Express in Utah.

Tom Thumb currently operates 116 c-stores in Florida and Alabama. The newly acquired c-stores will be Kroger's first in Tennessee and Mississippi.

"We are pleased to enter this important market with our Kwik Shop convenience store banner," said Van Tarver, vice president of convenience stores for Kroger. "We will strive to operate stores staffed with great people who want to make your shopping experience as efficient and enjoyable as possible."

As for the supermarkets, Mark Prestidge, Kroger Delta Division president, said, "For over 60 years, Kroger has proudly served the Memphis community. Kroger has demonstrated its commitment to the Memphis area by investing over $70 million on remodels, expansions and fuel centers over the last five years. We continue to focus on upgrading our store base in an effort to provide our customers the best shopping experience possible. With this acquisition, we are pleased to be able to provide more convenient locations for our customers to shop at in the Memphis area."

Currently, Kroger operates 37 supermarkets in the Memphis metropolitan area. The latest announcement will increase the number of Kroger stores to 43, with two of the acquired Schnucks locations replacing two smaller existing Kroger locations.

Kroger's Delta Division currently operates 109 stores and 68 fuel centers in five states under the Kroger banner in Memphis and west Tennessee, Arkansas, Mississippi, southern Missouri, and southwest Kentucky.

Founded in St. Louis in 1939, Schnuck Markets currently operates 105 stores (including five Logli stores) in Missouri, Illinois, Indiana, Wisconsin, Iowa, Tennessee and Mississippi.

Sours: https://www.cspdailynews.com/company-news/kroger-acquires-seven-memphis-c-stores-schnucks
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(WMC-TV) – Kroger announced Friday it would purchase eight Memphis-area Schnucks grocery stores and re-open them under the Kroger name.

As part of the acquisition, Kroger plans to close two of its current locations that stand in close proximity to Schnucks stores the company is purchasing.

Schnucks is one of the largest privately owned grocery store chains in the country. Friday, loyal Schnucks customers in Memphis were surprised to hear about Kroger buying out the Memphis area stores.

"I actually shop at Schnucks," Michelle Calton said. "I prefer it over Kroger."

The Schnuck's name is more than 50 years old, but didn't become familiar to Mid-South shoppers until 2002, when the company bought out Seessel's.

Friday, local officials were concerned the Kroger buyout will limit choices on groceries.

"As a general matter, you like to prefer local chains over outside of town chains," Shelby County Commissioner Steve Mulroy said.

But Mulroy remained optimistic.

"Kroger is a very good, pro-labor, pro-union chain, and they have good labor practices, so if it has to be bought up by somebody, I'm glad its them," he said.

Long-time Schnuck's customers said they will miss the personal feel at Schnuck's.  Some shopped expressed hope that a bigger chain can afford to offer lower prices, but others remained skeptical.

"I actually feel that Kroger has higher prices than Schnuck's," Calton said.

The company's decision has also been a tough sell for longtime Schnucks employees as well.

"This is like a family," said employee Anita Anthony.  "I've been here since I was in 10th grade and I'm in college now, so it's like a family.  Will miss everybody here."

Anthony works at the Schnucks at Quince and Ridgeway, which is one of at least three stores expected to close rather than convert into a Kroger.

"At first, I couldn't believe it," said Anthony.  "But when I got these papers, couldn't help but believe it."

Employees were handed papers at the beginning of their shifts Friday.  They outlined, among other things, the store's closure and their option to apply for jobs with Kroger.

"I have mixed emotions," said employee Jonathan Randolph.  "Been here for 16 years, so a little unsure about it right now."

Schnucks spokesperson Lori Willis said the deal with Kroger included a pledge to try and hire as many employees as possible.

"We have HR team members on site now and through the weekend from both companies to assess qualifications and help ease them through this transition," said Willis.

Anthony and others at her store hope there is room for them at Kroger.

"If they want to keep us, they will," she said.  "If they won't, we won't have a job."

According to a Kroger spokesperson, the following Schnucks locations will be converted to Kroger:

- 1761 Union Avenue, Memphis, TN
- 1212 East Shelby Dr., Memphis, TN
- 799 Truse Parkway, Memphis, TN
- 576 South Perkins Rd., Memphis, TN
- 7735 Farmington Blvd., Germantown, TN
- 9025 US Highway 64, Lakeland, TN
- 2942 Kirby Whitten Rd., Bartlett, TN
- 3926 Goodman Rd., Horn Lake, MS

Additionally, according to a company spokesperson, the Schnucks Store at 1212 East Shelby Drive in Memphis will be converted and re-open as Kroger and replace a smaller Kroger Store at 1234 Finley in the Whitehaven area of Memphis.

Copyright 2011 WMC-TV. All rights reserved.

Sours: https://www.wmcactionnews5.com/story/15384804/kroger-to-acquire-memphis-area-schnuck

Memphis schnucks

Random Love Letter to Midtown Schnucks

Dear Midtown Schnucks,

I love you. I love you for all of the things you are, and for all of the things that you're not.

Because, honestly, Midtown Schnucks, you're not a very good grocery store. Sure, like all grocery stores, you sell food. It's just that you've got your quirks. If I just come to shop, no list in mind, you're reliable. Whenever I visit you to get a specific need met, whatever that thing is - be it popsicles or cilantro - you can't provide.

Midtown Schnucks by reallyboring on Flickr

I love that you're a challenge. Your parking lot is the only one I've ever been in that doesn't have a single good parking space. Even the ones that seem like good ideas rarely are. You aren't terribly deliberate or well thought out. Like Walnut Grove in the 1980s, when you needed more lanes, they were crammed in without thought to their harrowing narrowness (or the placement of the building's support columns).

But still, Midtown Schnucks. I can't do without you. You're one of the main social hubs of the city. You're a true melting pot, a place where you can mingle with Memphians from all walks of life (Mayor Wharton and Steve Cohen shop there). You've reintroduced me to friends from high school, lost loves and work contacts.

Your cookies are always fresh. You're open all night (in fact, you're at your most tolerable after 10 p.m.). I've noticed an inordinate amount of people on dates contemplating the offerings in the freezer section.

We may have our issues, Midtown Schnucks, but you're always there when I need you. Let's keep seeing each other (and everyone else I've ever met).

<3,

Kerry

Sours: https://ilovememphisblog.com/2011/03/random-love-letter-to-midtown-schnucks
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Schnucks

Supermarket chain based in St. Louis

Schnuck's Logo.PNG

Trade name

Schnucks
Type
Industry
Founded1939 (82 years ago) (1939) in St. Louis, Missouri, U.S.
FounderEdwin Schnuck[1]
Headquarters11420 Lackland Rd.,

St. Louis, Missouri

,

U.S.[2]

Number of locations

111

Areas served

Missouri, Illinois, Indiana, and Wisconsin[3]
ProductsBakery, dairy, deli, frozen foods, meat, general grocery, pharmacy, produce, seafood, floral, snacks, and liquor
Revenue$3.1 billion (2019)[4]
OwnerSchnuck family (100%)

Number of employees

14,500[4] (2019)
WebsiteSchnucks.com

Schnucks is a supermarket chain. Based in the St. Louis area, the company was founded in 1939 with the opening of a 1,000-square-foot (93 m2) store in north St. Louis and currently operates over 100 stores[5] in four states throughout the Midwest (Missouri, Illinois, Indiana, and Wisconsin). Schnucks also ran stores under the Logli Supermarkets and Hilander Foods banners.[6] Schnucks is one of the largest privately-held supermarket chains in the United States and dominates the St. Louis metro grocery market.

History[edit]

Schnuck Markets, Inc. was founded in St. Louis in 1939. In 1943, its first large-scale retail store was opened, measuring 2,700 square feet (250 m2). By 1952, its first major store was opened in Brentwood, a St. Louis suburb. The Schnucks symbol, a soldier, was introduced in 1968 (during the Vietnam War). Schnucks continued to grow, adopting the motto "Friendliest Stores In Town" and acquiring stores in Illinois, Indiana, Tennessee, Mississippi, Missouri, Iowa, and Wisconsin. By the late 1960s, Schnucks had 10 stores in the St. Louis area.

In a merger in 1970, Schnucks acquired the Bettendorf-Rapp chain of grocery stores—temporarily forming the Schnucks-Bettendorf's chain until the latter half of the combined name was dropped a couple of years later—just as Bettendorf's had swallowed up the Rapp chain of stores to form Bettendorf-Rapp's in the 1960s. Schnucks underwent a major expansion in 1995 when it purchased from Loblaws the National Supermarkets chain (a total of 57 stores), also based in St. Louis.

The company's growth in the St. Louis area was bolstered by the local abandonment of two major supermarket chains: A&P in the 1970s, and Kroger in 1986.

Expansion[edit]

In 2002, Schnucks agreed to buy 12 Seessel's stores in the Memphis, Tennessee area, from Albertsons, Inc.[7] Schnucks operated these stores until September 2011.[8]Kroger subsequently purchased these stores; eight reopened as Kroger, with the others closing altogether.[9] Seven convenience stores operating under the Schnucks name also were sold, to be converted to the Kroger-owned brand Kwik Shop.[10]

In 2008, Schnucks acquired grocery store Hart Food and Drug in O'Fallon, IL making it the fifth Schnucks in St. Clair County.[11]

In August 2009, Schnucks opened a store in downtown St. Louis. This store, located at the corner of Ninth and Olive Streets in the central business district, was called "Culinaria – A Schnucks Market" and was advertised as a "new urban prototype".[12] The store includes 20,800-square-foot (1,930 m2) of shopping space, an additional 6,306-square-foot (585.8 m2) mezzanine with a wine department, tapas/wine bar, a full-service pharmacy, meat and seafood departments, florist, bakery, and a Kaldi's Coffee bar. The placement of the store reflects the downtown area's urban renewal of the 21st century, including Washington Avenue Loft District, St. Louis loft-style condominiums and apartments. In 2020, Schnucks opened another prototype store, named "EatWell - A Natural Food Store by Schnucks", located in a former Lucky's Market off Providence Road in Columbia, Missouri near the campus of the University of Missouri.[13][14]

On September 18, 2018, it was announced that SuperValu would sell 19 of its Shop 'n Save locations to Schnucks.[15]

In 2020/2021, Schnucks exited the Iowa/Quad Cities market with the closing of their Bettendorf, Iowa store and a pharmacy in Moline, Illinois (with the customers transferred to the stand-alone CVS as part of that acquisition).

Pharmacy[edit]

The first Schnucks Pharmacy was opened in March 1970. As of 2012, there are 95 in-store pharmacies across Missouri, Illinois, Indiana, Wisconsin and Iowa.[16] The quality of the healthcare provided by Schnucks Pharmacy was recognized as "Pharmacy Chain of the Year 2008" by Drug Topics magazine.[17] Schnucks offers over 50 generic prescriptions that can be filled for $4 for a 30-day supply, or $10 for a 90-day supply.[18]

Beginning in 2020, the pharmacy at Schnucks was taken over by CVS Pharmacy, making them the second in-store pharmacy to be converted to the CVS brand after Target had switched to them a few years prior. Along with the ownership change comes with the closure of 11 pharmacies, mainly near existing CVS locations, with customers being transferred to those respective stores.[19][20][21]

See also[edit]

References[edit]

  1. ^"History". Retrieved 2021-03-16.
  2. ^"Schnuck Markets Corporate Office Headquarters".
  3. ^https://www.scrapehero.com/store/wp-content/uploads/maps/Schnucks_USA.png
  4. ^ ab"Schnuck Markets". Forbes.
  5. ^"Schnucks announces the addition of stores in the Metro East". Schnuck Market, Inc. (press release). October 13, 2008. Retrieved September 4, 2011.
  6. ^http://www.schnucks.com/pressreleases/pressrelease.asp?id=225
  7. ^Miligan, Tara (1 May 2002). "Art Seessel may stay on under new store ownership". www.bizjournals.com. Retrieved 2019-11-06.
  8. ^Donahoe, Jane; Ashby, Andy (2 September 2011). "Kroger acquiring eight Schnucks stores in Memphis area". www.bizjournals.com. Retrieved 2019-11-06.
  9. ^Miles, Jason (August 31, 2011). "Kroger to acquire Memphis area Schnucks". Memphis, Tennessee: WMC-TV Action News 5. Retrieved September 4, 2011.
  10. ^"Kroger's Convenience Store Division to Purchase Memphis Stores From Schnucks; Will Operate as Kwik Shop". The Kroger Co. September 2, 2011. Retrieved September 4, 2011.
  11. ^"Schnucks buys Ill. grocery stores". www.bizjournals.com. 13 October 2008. Retrieved 2019-11-06.
  12. ^"Culinaria, A Schnucks Market, a New Sign of Progress in Downtown St. Louis". Schnuck Markets, Inc. (press release). June 3, 2009. Retrieved September 4, 2011.
  13. ^"Schnuck Markets' EatWell to make debut next week". Supermarket News. June 18, 2020.
  14. ^Thorsen, Leah. "Downtown's only full-service grocery to get new name: Culinaria to become Schnucks Downtown". STLtoday.com.
  15. ^"Schnucks buying 19 Shop 'n Save stores in 'generational transaction,' with plans to rebrand them as Schnucks". St. Louis Post-Dispatch. September 18, 2018. Retrieved September 18, 2018.
  16. ^"More About Schnucks Pharmacy". Schnucks.com. Retrieved 2011-09-04.
  17. ^Levy, Sandra (April 14, 2008). "Schnucks Pharmacy: Drug Topics' Chain of the Year 2008". Drug Topics. Retrieved September 4, 2011.
  18. ^"Save on Generic Drugs". Schnucks.com (web site). 2008-06-27. Retrieved September 4, 2011.
  19. ^Japsen, Bruce. "CVS To Buy 110 Schnuck Grocer Pharmacies". Forbes.
  20. ^"These St. Louis Schnucks pharmacies will close after CVS deal, union says". ksdk.com.
  21. ^[email protected], ROBERT CONNELLY. "CVS to buy, take over Schnucks pharmacy operations". Dispatch Argus.
Sours: https://en.wikipedia.org/wiki/Schnucks

Similar news:

(WMC-TV) - Eight Schnucks grocery stores in Memphis closed Saturday and will reopen as Kroger stores in two weeks.

Shoppers enjoyed sale prices up to 50 percent off as the Schnucks stores cleared their shelves.

Three additional Schnucks stores in East Memphis, Germantown and Collierville will close for good at the end of the month.

Loyal Schnucks shoppers said they are sad to see the company go and worry Kroger may take advantage of having few competitors.

"The prices are going to not be competitive," said shopper Sharon Griffin.  "Some things are cheaper at Schnucks than Kroger."

The St. Louis based grocery store chain came to Shelby County in 2002 when the company bought out Seessel's.

Kroger has said it plans to hire most of Schnucks employees.

Congressman Steve Cohen is asking for a federal investigation to determine if Kroger is violating antitrust laws by not having any comparable competitors in the area.  Kroger will now own 43 stores in the region.

Copyright 2011 WMC-TV. All rights reserved.

Sours: https://www.actionnews5.com/story/15433403/schnucks-stores-begin-closing-before-transition-to-kroger/


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