Jewel-Osco to Sell Its Area Stores
MILWAUKEE - The owner of the Jewel-Osco supermarket chain wants to sell 15 of its southeastern Wisconsin stores.
Eden Prairie, Minn.-based Supervalu Inc. announced Friday that it is in talks with Roundy's Supermarkets regarding five locations in Milwaukee and other parts of Wisconsin. The company also said they were in discussions with local retailers regarding the sale of the remaining 10 Jewel-Osco properties in the area.
Roundy's is expected to take ownership of Jewel-Osco stores in Glendale, West Allis, New Berlin and two Milwaukee locations on Jan. 29. Roundy's said it intends to retain the employees at the stores.
The remaining 10 stores are in Milwaukee, Greenfield, Franklin, Wauwatosa, Waukesha, Germantown, Racine and Kenosha.
The sale is the second time Jewel has given up on the Milwaukee market.
Jewel first opened stores here in 1971 and closed them 10 years later. Jewel re-entered the market in 1997, under the ownership of American Stores Company of Salt Lake City.
The stores later became part of Albertson's Inc., an Idaho-based supermarket operator that was sold to Supervalu last year.
"Like all strong retailers, Supervalu is constantly reviewing its store portfolio to identify opportunities to strengthen its overall store base," said Jeff Noddle, Supervalu chairman and chief executive officer, in a statement. "When necessary, we must consider the divestiture of some stores in order to effectively compete in the marketplace."