Schnuck Markets Inc. today announced that it will not renew its lease at its 22,000 square-foot East Alton, IL, store, which will close Sunday, Aug. 4. The company said all of the store’s employees will be offered transfers to nearby Schnucks stores and will retain their same rate of pay. Since it was acquired in October 2018, the store has consistently suffered from poor sales.
“We open stores only when we believe they will be both a preferred choice for shoppers and successful for our company, but in this instance, our customers are increasingly bypassing this store in favor of one of our three nearby stores instead,” said Schnucks Chairman and Chief Executive Officer Todd Schnuck.
Schnucks said it will be depositing $15 in Schnucks Rewards points into the accounts of each Schnucks Rewards customer whose home store was Wilshire Village on July 3. The Rewards points will automatically be deposited on Aug. 4.
“This is a way for us to thank Wilshire Village customers who have been loyal to this store long before we acquired it, while also encouraging them to continue shopping with us at one of our eight other Madison County stores or any Schnucks store they choose,” said Schnuck.