News

Roundy's exiting Twin Cities market

Roundy's exiting Twin Cities market Click to Enlarge Photo: Jupiterimages, Photos.com

May 7, 2014 at 11:27 am

MILWAUKEE (AP) — Roundy's is getting out of the Twin Cities market.

The Milwaukee-based grocery chain announced Wednesday it's selling 18 Rainbow stores in the Minneapolis/St. Paul area to local grocery retailers, including Supervalu Inc., for $65 million, plus the proceeds from inventory once the deal closes.

The Journal Sentinel says Roundy's is also looking for buyers for its nine remaining Rainbow grocery stores and expects to sell or close those stores and completely exit the Twin Cities market. Roundy's CEO Robert Mariano says increased competition in the market led to the decision to sell the Rainbow stores.

Roundy's operates 169 retail grocery stores and 114 pharmacies, under the Pick 'n Save, Rainbow, Copps, Metro Market and Mariano's banners in Wisconsin, Minnesota and Illinois.

Jamie Quinn

Posted By Jamie Quinn

News Anchor

Jamie Quinn's Profile

Leave a Comment

An unexpected error occurred.

mysql error: [1064: You have an error in your SQL syntax; check the manual that corresponds to your MySQL server version for the right syntax to use near 's %' OR ak_tags LIKE '% twin cities %') and (p1.cPointerID < 1 or p1.cPointerID ' at line 1] in EXECUTE("select p1.cID, pt.ctHandle from Pages p1 left join PagePaths on (PagePaths.cID = p1.cID and PagePaths.ppIsCanonical = 1) left join PageSearchIndex psi on (psi.cID = p1.cID) inner join CollectionVersions cv on (cv.cID = p1.cID and cvID = (select cvID from CollectionVersions where cvIsApproved = 1 and cID = cv.cID)) left join PageTypes pt on (pt.ctID = cv.ctID) inner join Collections c on (c.cID = p1.cID) left join CollectionSearchIndexAttributes on (CollectionSearchIndexAttributes.cID = p1.cID) where 1=1 and cvName != '' and pt.ctID = '5' and (ak_exclude_page_list = 0 or ak_exclude_page_list is null) and CollectionSearchIndexAttributes.cID != 13884 and (ak_tags LIKE '% close %' OR ak_tags LIKE '% rainbow %' OR ak_tags LIKE '% roundy's %' OR ak_tags LIKE '% twin cities %') and (p1.cPointerID < 1 or p1.cPointerID is null) and cvIsApproved = '1' and p1.cIsTemplate = '0' and ((select count(cID) from PagePermissionAssignments ppa1 inner join PermissionAccessList pa1 on ppa1.paID = pa1.paID where ppa1.cID = p1.cInheritPermissionsFromCID and pa1.accessType = 10 and pa1.pdID in (0) and pa1.peID in (1) and (if(pa1.peID = 4 and p1.uID <>0, false, true)) and (ppa1.pkID = 1 and cv.cvIsApproved = 1 or ppa1.pkID = 2)) > 0 or (p1.cPointerExternalLink !='' AND p1.cPointerExternalLink IS NOT NULL)) and ((select count(cID) from PagePermissionAssignments ppaExclude inner join PermissionAccessList paExclude on ppaExclude.paID = paExclude.paID where ppaExclude.cID = p1.cInheritPermissionsFromCID and accessType = -1 and pdID in (0) and paExclude.peID in (1) and (if(paExclude.peID = 4 and p1.uID <>0, false, true)) and (ppaExclude.pkID = 1 and cv.cvIsApproved = 1 or ppaExclude.pkID = 2)) = 0) and p1.cIsActive = '1' order by cvDatePublic desc limit 0,4 ")

< Back to Home