Schnucks Bettendorf IA closing

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retailfanmitchell019
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Re: Schnucks Bettendorf IA closing

Post by retailfanmitchell019 »

Bakeragr wrote: June 19th, 2020, 7:24 am
storewanderer wrote: June 18th, 2020, 11:33 pm Where else does Albertsons go against Hy Vee than in this market, anyway?
Sycamore, Peoria and Bloomington, IL. Schnucks is in all three, too.
There aren't any Jewels in Peoria.
Considering Schnucks has struggled a bit lately (they outsourced pharmacy to CVS), will they ever be up for sale? If so, Ahold or Albertsons (once the IPO is over) could buy them.
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Re: Schnucks Bettendorf IA closing

Post by pseudo3d »

retailfanmitchell019 wrote: June 19th, 2020, 9:58 am
Bakeragr wrote: June 19th, 2020, 7:24 am
storewanderer wrote: June 18th, 2020, 11:33 pm Where else does Albertsons go against Hy Vee than in this market, anyway?
Sycamore, Peoria and Bloomington, IL. Schnucks is in all three, too.
There aren't any Jewels in Peoria.
Considering Schnucks has struggled a bit lately (they outsourced pharmacy to CVS), will they ever be up for sale? If so, Ahold or Albertsons (once the IPO is over) could buy them.
Whether Schnucks is aware of it or not, outsourcing pharmacy is a bit of a poison pill for acquisitions in case Albertsons or Kroger came knocking. As for Ahold Delhaize, they haven't shown any interest in any acquisitions beyond their Northeastern core in years.
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Re: Schnucks Bettendorf IA closing

Post by storewanderer »

pseudo3d wrote: June 19th, 2020, 5:18 pm
Whether Schnucks is aware of it or not, outsourcing pharmacy is a bit of a poison pill for acquisitions in case Albertsons or Kroger came knocking. As for Ahold Delhaize, they haven't shown any interest in any acquisitions beyond their Northeastern core in years.
I am sure Schnucks is aware. I don't think they are for sale either... I think they will continue going along as they have.

We don't need to lose any more above average regionals anyway, which I would consider them to be, even if only slightly above average. Good fresh department and scratch bakery raise them above average.
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Re: Schnucks Bettendorf IA closing

Post by Romr123 »

I also wonder if supply chain was a bit of an issue here---there is not a great direct N/S route from St. Louis up to the Quad Cities (or Des Moines). E/W access on I-80 is a lot better, hence the Hy-Vee/Jewel presence.
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