Business News: Schnucks Announces Plans to Close St. Ann and Truman Boulevard Stores

St. Louis, MO (STL.News) –  Schnucks Markets, Inc. announced on Tuesday it will close two stores in the coming months:

● Closing Sunday, May 5 at 6 p.m.: St. Ann, Missouri store (10634 St. Charles Rock Road, 63074)

● Closing Sunday, June 30 at 6 p.m.: Truman Boulevard store in Festus, Missouri (1275 North Truman Blvd., 63028)

The approximately 130 teammates at the two stores will all be offered transfers to other nearby Schnucks stores.  They will retain the same rate of pay. The company was unable to reach a lease renewal agreement for the Truman Boulevard store, and its closure will coincide with the expiration of the existing lease. The St. Ann store is closing due to poor sales.

“Since acquiring the St. Ann store it has continued to operate at a significant deficit, and though we have explored many options, we simply do not see a strategy that would be effective in making the store profitable for us,” said Schnucks Chairman & CEO Todd Schnuck.  “The difficult decision to close a store is a last resort and we are always sensitive to the impact it can have, so we are especially grateful to be able to minimize some of that impact by preserving our teammates’ jobs and pay.”

“While I’m disappointed that Schnucks is closing its St. Ann location, I do understand that a store needs to be profitable to remain open,” said St. Ann Mayor Michael Corcoran.   “I am thankful that the teammates, many of whom call St. Ann home, will not be losing their jobs.”

Pharmacy customers at both stores will see signage in the coming days indicating the dates that pharmacy prescriptions will transfer to other nearby Schnucks Pharmacies.   St. Ann pharmacy  prescriptions will be transferred to Schnucks Bridgeton (11253 St. Charles Rock Road, 63074), and Truman Boulevard prescriptions will be transferred to Schnucks Festus (1181 Gannon Plaza, 63028). Pharmacy customers can also easily transfer their prescriptions to any Schnucks Pharmacy (or another pharmacy) that is convenient for the customer.

Schnucks owns the St. Ann location and will vigorously explore options to sell or lease the property.   The company continues to pursue opportunities to open successful new locations in the St. Louis metropolitan area, which remains home to more than three-fourths of existing Schnucks stores.