Kroger Acquires Memphis Area Schnucks Stores 2018-01-01 (1)

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:

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.