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SuperValu Announces Plans to Sell 19 of Its 36 Shop ‘n Save Stores to Schnuck Markets

SuperValu Announces Plans to Sell 19 of Its 36 Shop ‘n Save Stores to Schnuck Markets

Tuesday, September 18th, 2018

This week, SuperValu and Schnuck Markets announced plans for a large scale sale of retail stores; the former has agreed to sell 19 of its 36 Shop ’n Save locations to the latter. As part of the acquisition, Schnucks has agreed to allow SuperValu to serve as the primary supplier for nine of its existing stores located across northern Illinois, Iowa, and Wisconsin.

Mark Gross, President and CEO, Supervalu“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, SuperValu’s President and CEO.

The 19 stores involved in the deal—many in the St. Louis, MO-area—will be closed in order to prepare for their Schnucks-owned debut. The sale comes on the heels of SuperValu’s recent announcement—that it would be acquired by United Natural Foods (UNFI) in a deal valued at $2.9 billion.

A complete list of stores, pharmacies, and fuel centers to be sold to Schnucks under this agreement can be found here.

As part of the agreement of sale, Schnuck Markets has agreed to allow Supervalu to continue to be the primary supplier for the purchased stores

After this acquisition, 17 Shop ‘n Save stores will remain, however, SuperValu noted that if an additional buyer or buyers cannot be found “in the near term,” the stores will be closed later this year. SuperValu’s St. Louis Distribution Center is also expected to close later this year, as it predominantly serves Shop ‘n Save stores.

Deli Market News will keep you up to date with more as SuperValu transforms its business and integrates with UNFI.

SuperValuSchnuck MarketsUnited Natural Foods, Inc.

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In This Story

SUPERVALU is a grocery industry leader, serving customers through over 3,400 owned, licensed, franchised and affiliated stores across the country. Our roots are in supply and wholesale distribution...

Schnucks was founded in 1939 with the promise of delivering quality food at a great value. Schnuck Markets, Inc. is still a family-run business, and what started as a 1,000-square-foot corner...