The new owner of two Rainbow Foods stores has decided to close them, four months after picking them up in a multicompany, 27-store deal that reshaped the Twin Cities grocery scene.This was an easy decision for Jerry's -- it's often cheaper and a better business decision to buy out and close a competitor's location than it is to let another party enter the market. HyVee is starting to enter the Twin Cities grocery market and certainly would have been interested in these locations had they been available.
Jerry’s Enterprises Inc. notified workers and city officials that it will close the stores at 1660 S. Robert St. in West St. Paul and 2919 26th Av. S. in Minneapolis in early November.
Both stores employ about 25 full-time workers and another 60 or so part-timers.
Jerry’s, an Edina-based operator of about 40 stores in Minnesota and Florida, owns other grocery stores under the Cub Foods name next to both locations. A spokesman for Jerry’s confirmed the decision but declined to comment further.
Friday, September 12, 2014
Buy a location, close a location: